Memory Upcycle Extends

CXMT's return to profit is treated as confirmation that the AI-led DRAM shortage remains strong rather than as a sign of imminent oversupply. Investors expect high-bandwidth and server-memory demand to absorb new Chinese capacity through late 2026 and early 2027.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.