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CXMT market cap surpasses Intel after Shanghai IPO surge
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Chinese DRAM maker CXMT surged over 5x on its Shanghai debut.
CXMT's market capitalization now exceeds that of Intel.
Competitors SanDisk and Micron are impacted by the development.
The IPO performance reflects strong investor demand for Chinese chip stocks.
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Rajeev Chandrasekhar / Jupiter Capital interests historically