chipmaker

Chinese chipmaker CXMT's market capitalization surpassed that of Intel, marking a major shift in the semiconductor landscape.

Chinese memory chipmaker CXMT shares surged nearly 470% on its IPO debut, making it mainland China's most valuable listed company amid strong investor demand and government push for tech self-reliance.

Intel reported Q2 2026 earnings with 25% revenue growth, its fastest in 15 years, driven by AI infrastructure demand. Shares initially rose but later fell; the company issued strong guidance and highlighted long-term server CPU agreements.