WS #12803
China's CXMT debuts with ~470% surge, raising $8.6B, becoming largest China-listed company, boosting global semiconductor sentiment. IBM reports $12.5B in cumulative AI contract volume, stock recovers from 21% drop as software growth offsets mainframe decline. Amazon closes its AGI Lab after 18 months, refocusing on customer-facing AI, signaling consolidation in AI research.
CXMT IPO Surge and Semiconductor Sentiment
China's CXMT debuts with ~470% surge, raising $8.6B, becoming largest China-listed company, boosting global semiconductor sentiment.
IBM reports $12.5B in cumulative AI contract volume, stock recovers from 21% drop as software growth offsets mainframe decline.
Amazon closes its AGI Lab after 18 months, refocusing on customer-facing AI, signaling consolidation in AI research.