China's CXMT shares fall nearly 8% as investors look past chipmaker's profit turnaround

China's CXMT shares fall nearly 8% as investors look past chipmaker's profit turnaround — Live Feedhttps://www.live-feeds.com/feed/china-s-cxmt-shares-fall-nearly-8-as-investors-look-past-chipmaker-s-profit-turnaroundContinuously updated, source-cited coverage. CXMT Shares Fall Nearly 8% Despite Profit Turnaroundhttps://www.live-feeds.com/feed/china-s-cxmt-shares-fall-nearly-8-as-investors-look-past-chipmaker-s-profit-turnaroundhttps://www.live-feeds.com/feed/china-s-cxmt-shares-fall-nearly-8-as-investors-look-past-chipmaker-s-profit-turnaround#u149725Fri, 23 Oct 2026 11:57:05 +0000Shares of ChangXin Memory Technologies dropped nearly 8% on Monday following the release of the Chinese memory chipmaker's earnings forecast for the first nine months of 2026. Investors looked past the company's profit turnaround and an anticipated surge in revenue, which comes amid a wider memory chip price squeeze. The market slide follows a record financial outlook and arrives in the shadow of a post-outlook slide from Samsung. Analysts note that global chip investors are watching market moves closely ahead of upcoming quarterly reports from Micron and SanDisk.Why it mattersThe sh