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After Blockbuster IPO, China's Memory Giant CXMT Plans Second Chip Plant In Beijing CXMT, China's largest chipmaker by output and certainly by market value thanks to its blowout IPO pricing one week ago, which saw its stock surge more than 7x from its offering price of 8.66 yuan per share, is considering building a second memory-chip plant in Beijing ​and is in financing talks with a tech manufacturing hub backed by the local government, Reuters reported citing source familiar. The move ‌comes as CXMT, which is currently the world's 4th largest...

Futures Slide Ahead Of "Pivotal Week" With Nvidia Earnings. Warsh Speech On Deck Futures are lower with Tech underperforming as the market focuses on NVDA / MRVL earnings this week; while the AI theme is pressured globally and memory stocks slump driven by a slide in the Kospi. Futures got a boost just after 7am when CNBC reported that the Treasury could use the General Account ($935BN as of today) to fund bond buybacks. As of 8:00am ET, S&P futures are down 0.2%, rising from a session low hit this...

The Iran-US de-escalation framework has been signed. As always, getting a framework agreed is one thing, but preserving it from disruptive actors or malicious distortion of the text is quite another. Who knows how long it will survive intact? The MoU nonetheless constitutes an important phase – albeit one leg – in a long journey […]