While Wall Street is in overdrive on the coming AI mega-listings, SpaceX, Anthropic and OpenAI, something that could shake the leadership of the memory trade is taking shape in China.The first is YMTC, or Yangtze Memory Technologies Co., China’s leading maker of NAND flash. The second is CXMT, or ChangXin Memory Technologies, which is its largest DRAM manufacturer.Both are state-backed. Both are moving toward public listings to fund their expansion. And both could become a real problem for the AI-driven memory boom.CXMT Just Cleared China's Biggest Listing In YearsChangXin Memory cleared the Shanghai Stock Exchange's listing review on May 27...