Changxin Technology (CXMT) listed on July 27 (Monday), and the long-short split blew up

The target share price given by investment banks reached $17.13, valuing the company at about $1.15 trillion (7.76 trillion). A real-money player even saw the stock priced as low as $2.
Hyperliquid’s largest on-chain short: bearish to $2–$4.5
On the first day of listing, the contract’s largest open-position address on Hyperliquid for Changxin Technology is still steadily adding to the short position. Current exposure has reached $17.26 million, with an average short entry price of $6.4 (about RMB 43).
Just now, he placed close orders at $2–$4.5 (about RMB 13–30).
Nomura Securities: target share price $17.13 (about RMB 116), market cap seen at about $1.15 trillion (7.76 trillion yuan).
On the same day, Nomura Securities initiated coverage of Changxin Technology, giving a Buy rating, with a target price of $17.13 (about RMB 116).
Corresponding to a 20x P/E ratio, it’s double Micron’s valuation.
Based on the IPO price of $1.28 (about RMB 8.66), the upside is 1239%, implying a market cap of about $1.15 trillion (7.76 trillion yuan).
One side sees $2, the other sees $17.13.
Same underlying asset—completely different scripts. The long-short showdown has just started.
#CXMT