CXMT Stock Falls 7.8% Despite Forecast of 131 Billion Yuan Profit
CXMT projected up to $19.8 billion in net income for the first nine months of 2026 as AI-driven DRAM demand lifted prices.
- Shares of ChangXin Memory Technologies, or CXMT, fell 7.8% in Shanghai on Monday despite the company forecasting net profit of 131 billion yuan to 132.5 billion yuan for the first nine months of 2026.
- A broader tech selloff hit the sector on Monday, with CoreWeave stock and bond concerns putting credit risks in the spotlight and weighing on AI-related shares.
- Chairman Zhu Yiming proposed a 12-month share buyback program worth 1 billion yuan to 2 billion yuan, while the company anticipates sales of 265 billion yuan to 270 billion yuan for the period.
- The chipmaker accounted for 10% of global DRAM revenue in the third quarter of 2026, doubling its market share from 5% a year earlier, according to Counterpoint Research data.
- Demand for AI computing capacity since the latter half of 2025 has buoyed the DRAM market, positioning CXMT to challenge global rivals Samsung Electronics and SK Hynix.
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11 Articles
Chinese DRAM manufacturer CXMT projected record-high revenue of approximately 24 trillion won in the third quarter, but its net profit growth rate slowed. The company is vulnerable to price fluctuations due to its high dependence on general-purpose DRAM, and a gap exists with domestic companies in HBM technology. Analysis suggests that despite global big tech companies' moves to diversify their supply chains, growth centered on general-purpose p…
Shares of Chinese memory giant Changxin Technology plummeted 7.77%, causing its market capitalization to fall by over 200 billion yuan. This article explores the reasons behind the stock price decline despite positive developments such as a return to profitability, share buybacks, and next-generation DRAM technology.
China’s CXMT Shares Fall 7.8% Despite Forecast $19.6bn Profit as AI Chip Boom Faces Supply Risks
Shares of Chinese memory chipmaker ChangXin Memory Technologies (CXMT) fell 7.8% on Monday, despite the company forecasting a dramatic return to profitability for the first nine months of 2026, as investors weighed strong demand for memory chips against growing concerns over the sustainability of the artificial intelligence investment boom. CXMT said in a filing on […]
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