CXMT Sparks Global Chip Stock Rout as China’s Memory Maker Surges

Fortune reports that China’s Changxin Memory Technologies (CXMT) sparked a global chip-stock rout after a dramatic market debut: CXMT jumped dramatically, then slid about 4% as peers like Micron, Intel, and TSMC fell, with SK Hynix and Samsung dropping sharply in Korea. Analysts cited doubts about AI capital spending and increased competition, fueling a broad chip selloff that dragged U.S., Europe, and Asia indices lower and underscoring investor nerves about the AI‑driven demand cycle.