Name: We are near a short-term peak in the memory cycle: Yiyi Capital
Uploaded: 2026-07-27T04:26:22Z
Duration: 5 min 55 s
Description: Theodore Shou of Yiyi Capital says technical factors likely drove the sharp surge in CXMT's shares on their Shanghai STAR Market debut. He adds that the memory chip industry appears to be near the peak of its cycle, with investors increasingly positioning for a wave of listings by Chinese AI and semiconductor companies.

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Yiyi Capital: Memory Cycle Near Short-Term Peak After CXMT STAR Market Surge

Bullish Gator

Jul. 27, 2026

Yiyi Capital’s Theodore Shou says technical factors drove CXMT’s Shanghai STAR Market rally and warns the memory chip industry is near a short-term peak, as investors pile into Chinese AI and semiconductor IPOs.

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What stands out

Theodore Shou of Yiyi Capital pointed out that CXMT's sharp pop on its Shanghai STAR Market debut looked driven more by technical factors than by fresh fundamental evidence, and he warned the memory chip industry is nearing a short-term peak. He also noted investors are positioning ahead of a likely wave of listings from Chinese Artificial Intelligence (AI) and semiconductor firms. That combination, technical-fueled IPO excitement plus a cyclical industry top, is a classic setup for quick reversals, making this more than an anecdote about one listing.