China's CXMT shares fall 6.5% despite forecast of sharp profit swing
AICXMT shares fell 6.5% Monday after the company forecast net profit of 131 billion to 132.5 billion yuan for January to September 2026, reversing a 5.28 billion yuan loss a year earlier. The company expects revenue of 265 billion to 270 billion yuan, which it attributes to AI-driven demand that has pushed up DRAM prices and caused supply shortages.
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CNBC · Technology · cnbc.comPublished · added here
Original title: China's CXMT shares fall nearly 8% as investors look past chipmaker's profit turnaround