CXMT shares fall despite chipmaker's profit turnaround
Shares in Chinese memory-chip maker CXMT fell more than six per cent on Monday after the company issued an earnings forecast for the first nine months of 2026, CNBC Tech reported. The decline suggested investors were looking beyond the reported profit turnaround, though the RSS item provided no further financial detail.
Why it matters
The reaction highlights investor uncertainty around China’s closely watched effort to build a competitive domestic chip industry.
Sources
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Part of the October 19, 2026 brief.