AIGuardian Technologyabout 3 hours ago
CXMT debut sparks global chip stock selloff
1 min read
CXMT's Shanghai debut, soaring 466% to 3.3tn yuan, triggered a global chip selloff. ASML fell 5.80%, SK Hynix lost 14.65%, and Samsung declined 13.39%. China also developed domestic deep-ultraviolet lithography tools, challenging ASML's monopoly. Nvidia dropped over 5% before being overtaken by Apple as the world's largest listed company.
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