China's CXMT shares fall nearly 8% despite profit turnaround

· Tech · China

Shares of Chinese memory chipmaker CXMT fell nearly 8% after the company released its earnings forecast for the first nine months of 2026, as investors looked past its profit turnaround amid broader doubts about AI and chip spending.

Why it matters：The drop suggests investors are questioning whether China's chipmakers can turn AI-driven demand into durable profits.

Key points

  • CXMT shares fell nearly 8%
  • The company released a forecast for the first nine months of 2026
  • Investors are wary of chip-sector spending

Sources (original reporting)

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