China's CXMT sees shares drop over 6% as investors look past chipmaker's profit turnaround

Memory maker experiences market retreat following medium-term forecast

By GPU Data Hub Desk · GPU Data Hub·Editorial standards·19 Oct 2026, 01:56·China

Shares in Chinese memory chip manufacturer CXMT dropped by more than 6% following the release of its financial guidance for the initial nine months of 2026. Despite projections indicating an operational turnaround, equity investors appeared cautious regarding the company's prospective trajectory.

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This summary was written by the GPU Data Hub desk from reporting published by CNBC Technology on 19 Oct 2026, 01:56. Read the full article at the original publisher.

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