ChipsQuartzabout 1 hour ago
CXMT Stock Falls 7.8% on Profit Forecast
2 min read
ChangXin Memory Technologies forecasts 2026 net profits between 131 billion yuan and 132.5 billion yuan, causing its stock to drop 7.8% on Monday. The company anticipates sales of 265 billion yuan to 270 billion yuan, driven by AI demand. Chairman Zhu Yiming also proposed a 1 billion yuan to 2 billion yuan repurchase program.
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