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Changxin Memory just listed and flipped the whole storage game 🚨 A-shares have a new king. CXMT debuted on STAR, surged to a 3 trillion yuan market cap — passing ICBC. I tried for the IPO lottery too. Balance too low. Story of my life. With CXMT in, DRAM is now a 3-way fight: China vs US vs Korea. The SK Hynix / Micron / SanDisk monopoly is cracking. CXMT already grabbed 8% global share, sitting at #4 and climbing. Fundamentals look wild. H1 2026 revenue + profit up multiples. 25x PE in this tech cycle? Cheap vs the US giants. But 2 big risks to watch: 1. Ownership chaos: ∼10M people applied, 7M+ retail got shares. No major holders locked in. When it pops, everyone sells into each other. 2. Supply bomb: Only 6.73% float tradable day 1, no limits for 5 days. Hype can send it parabolic, but lock-up expiries are coming fast. Great company. Not necessarily a blind buy here. #DailyOrbit @OKX Orbit #CXMTMemoryIPO #FOMCRateWatch