[Nomura Securities sets a target price of 116 RMB for CXMT, corresponding to a market value of 7.76 trillion RMB] BlockBeats News, on July 27, Nomura Securities initiated coverage of Changxin Memory Technologies (CXMT), setting a target price of 116 RMB, corresponding to a price-to-earnings ratio of 20x. This valuation is twice that of Micron. This implies a 13.4x increase from the IPO price, with a market value of approximately 7.76 trillion RMB.