memory chips

Investors reassessing AI infrastructure spending have good reason to stay on the sidelines with Micron Technology as oversupply risk grows.

The chipmaker cites long-term contracts from frontier AI labs, reshaping its capital allocation strategy and the global supply chain.

South Korean memory giants posted their strongest daily gains in more than a year as sold-out HBM production through 2026 gives both companies rare earnings visibility.

The Hefei-based memory chipmaker priced shares at 8.66 yuan before a first-day surge that ranks among China's largest technology listings this year.