How many times Chinese memory-chip maker CXMT expects its revenue to have jumped over the first nine months of the year, as it continues to cash in on an AI-fueled crunch.
"Products are in short supply, and prices have risen significantly," it said.
Still, CXMT's shares tumbled today, amid a broader tech selloff centering on fears around whether supersized investments into AI will pay off, and whether stocks tied to this trade are overvalued. The stock has lost about 10% of its value since its July IPO.
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