AITom's Hardwareabout 2 hours ago
CXMT overtakes Tencent as China's most valuable company
3 min read
ChangXin Memory Technologies (CXMT) passed Tencent to become China's most valuable company, with a $524 billion market cap versus Tencent's $511 billion. CXMT's shares fell 1.2% while Tencent dropped after disclosing a 176% surge in AI infrastructure spending. Tencent signed a $3 billion server DRAM agreement with CXMT.
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