Shares of ChangXin Memory Technologies (CXMT) fell 6.5% on Monday, even as the Chinese chipmaker forecast a net profit of 131 billion to 132.5 billion yuan ($19.58 billion) for the first nine months of 2026. This reverses a net loss of 5.28 billion yuan a year earlier. The company expects revenue of around 265 billion to 270 billion yuan, attributing the sharp improvement to rapidly growing demand for AI computing power, which has boosted the global DRAM market. CXMT accounted for 10% of global DRAM revenue in Q3 2026, up from 5% a year earlier.