๐ Micron $MU +2.5% premarket as China's CXMT IPO skyrockets 466% in Shanghai debut
Chinese memory chipmaker CXMT went public in Shanghai and immediately surged 466%, sending a jolt through global memory stocks. Micron (MU) is up 2.5%, SK Hynix is up 4.7%, and SanDisk has added 3.6% in premarket trading. The Nasdaq 100 futures are up 1.6% overall as AI-hardware names broadly rally. Not financial advice. Does CXMT's monster IPO signal a memory supercycle is back โ or is this just Chinese IPO mania?
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