The Hottest IPO of 2026 Will Shock You

Chinese memory maker CXMT surged nearly 500% on its IPO debut, raising $10 billion to expand DRAM capacity and potentially become the world's third-largest memory maker. The IPO highlights growing concerns about overcapacity in the memory chip market as multiple suppliers expand simultaneously, potentially leading to commodity pricing. Meanwhile, Nvidia continues making massive deals to backstop OpenAI's infrastructure projects worth hundreds of billions, raising questions about circular financing and sustainability.