CXMT forecasts 131-132.5B yuan net profit for first three quarters of 2026, swinging from loss

The swing matters less as a profit story than as a signal about where DRAM pricing power now sits: a Chinese supplier moving from loss to a large profit on shortage conditions suggests AI compute demand is tightening supply even outside the incumbent Korean and US makers. That has read-through for anyone exposed to memory costs — server builders, module makers, and by extension the economics of AI infrastructure itself. Whether this pricing environment persists, or draws enough new capacity to loosen it, is the open question.