CXMT sales jump sevenfold but growth slows

Chinese memory maker CXMT posted a sevenfold rise in quarterly revenue and swung to a profit after aggressive capacity expansion. The slowing pace suggests the AI-driven rally in Chinese DRAM prices may be losing steam.

• Quarterly revenue rose sevenfold year over year
• CXMT swung from a loss to a profit after capacity expansion
• Growth decelerated as DRAM price momentum cooled