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BIG TECH
SanDisk Surges 17% on Investor Day Growth Plan
SanDisk shares jumped nearly 17% after an investor day growth strategy presentation, extending a memory-chip rally that has the stock up more than 450% year-to-date as AI-driven demand tightens supply.
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IPO
China's CXMT Triples To $540B, Erasing Chip Rivals' Gains
IPO~$540B Market Cap
China's CXMT Triples To $540B, Erasing Chip Rivals' Gains
ChangXin Memory Technologies surged more than 500% on its Shanghai STAR Market debut to roughly $540 billion, sending SanDisk down 12%, Micron down 5% and SK Hynix down 6-8% in the same session.