Odaily Planet Daily report: Following its listing, Changxin Technology has drawn significant market attention, with analysts holding widely divergent views on its future value. Data shows that the most optimistic analysts project Changxin Technology’s market capitalization could reach $1.1 trillion over the next 12 months, while the most pessimistic estimate is only around $160 billion. The分歧 centers on whether Changxin Technology can capture market share in the DRAM sector and whether it can break through HBM technology in the future.
Bullish investors believe that China’s push for semiconductor self-reliance and the domestic supply-demand gap for DRAM will enable CXMT to expand rapidly; bearish investors worry that new industry capacity could lead to a decline in DRAM prices between 2027 and 2028, impacting profitability across the storage industry.
ChangXin Technology's stock rose 523% in its first week of trading. The market continues to focus on its HBM technology advancements and whether China’s domestic DUV lithography technology can help narrow the gap with Samsung, SK Hynix, and Micron. (Bloomberg)