Shares of ChangXin Memory Technologies (CXMT) fell 6.5% on Monday, even after the company forecast a sharp swing to profitability for January–September 2026. It expects net profit attributable to shareholders of 131 billion to 132.5 billion yuan ($19.58 billion), versus a net loss of 5.28 billion yuan a year earlier, on revenue of 265 billion to 270 billion yuan. The company attributed the improvement to surging AI computing demand that has boosted the global DRAM market, causing supply shortages and sharp price increases. CXMT now accounts for 10% of global DRAM revenue in Q3 2026, up from 5% a year earlier, according to Counterpoint Research.
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