Micron’s Chinese rival just reported its first earnings as a public company — and sales are booming
Reported by MarketWatch · marketwatch.com · August 28, 2026
CXMT, the Chinese memory-chip producer, on Friday reported its first financials as a public company that showed that how much it is benefiting from surge in artificial-intelligence services lifting prices.
What the tape says
What to watch: AI infrastructure spend continues to concentrate in compute, memory, and power equipment.
Market reaction today: $MU +6.10%
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