China's CXMT, a major DRAM manufacturer, reported exceptionally strong first-half results as AI and data-center demand continue to support the global memory market. 🔹 Key Highlights 💰 H1 revenue reached approximately $22.37B, up 873.6% YoY. 📈 Adjusted net profit reached approximately $11.73B, compared with a $356M loss a year earlier. 🎯 Profit was approximately 36% above the high end of guidance. 💵 Q1 net profit was approximately $4.91B. 💰 Operating cash flow reached approximately $19.52B. 🏭 Total assets increased 39% to approximately $69.66B. 📊 Shareholder equity reached approximately $20.05B. 🤖 Strong global computing-power demand and supply constraints have supported DRAM pricing. 💡 Why It Matters CXMT's results highlight the strength of the AI-driven memory cycle and increasing demand for DRAM from data centers and high-performance computing. The developments could have broader implications for memory companies including #MU, #SNDK and #WDC. 🚀 Start Your 7-Day FREE ThinkSabio Trial https://www.thinksabio.com/ ThinkSabio — Stocks Simplified