CXMT is a Chinese memory chipmaker that produces DRAM. Recent coverage focused on its quarterly revenue growing roughly sevenfold year on year while turning profitable, and on its new memory-chip platform entering mass production. Its launch of a new memory chip also raised concerns about oversupply, and the pace of its growth was reported to have slowed.
CXMT quarterly sales surge sevenfold but growth pace slowsChina's memory chip leader CXMT posted roughly sevenfold year-on-year quarterly revenue growth and swung to a profit, helped by capacity expansion and a larger role as a global conventional DRAM supplier. But the acceleration slowed, suggesting the AI-driven rally in Chinese memory chip prices may be cooling.
AI euphoria fades as chip stocks slump nearly 9% in a weekAI-related stocks fell sharply as China's CXMT unveiled a new memory chip, stoking overproduction fears, and US September inflation came in above expectations; the SOXX index dropped nearly 9% over five sessions. Investors are questioning whether hundreds of billions in AI spending will deliver expected profits.
CXMT Says New Memory-Chip Platform Enters Mass ProductionChinese memory chipmaker CXMT says its new memory-chip platform has entered mass production. The news comes from a Reddit post and lacks specific product specs or capacity details.
The A.I. Daily