CXMT is trading at CNY 41.52, down 7.77%, following its October 19 decline after a nine-month profit forecast projected a sharp turnaround but reportedly showed much slower sequential profit growth in Q3.
- The forecast cited strong AI-related demand and rising memory prices.
- Investors appeared concerned the DRAM upcycle could be peaking. Broader chip-sector weakness may also have added pressure, but reporting pointed to the earnings outlook as the key company-specific catalyst.