MU ▲ +2.8% - Micron Technology, Inc. China's largest DRAM maker, CXMT, fell 6.5% Monday despite forecasting a sharp profit turnaround driven by surging AI demand and higher memory-chip prices. * Earnings outlook: CXMT expects January–September net profit of 131 billion–132.5 billion yuan ($19.6 billion–$19.8 billion), reversing a 5.28 billion yuan loss a year earlier. * Revenue: Nine-month sales are projected at 265 billion–270 billion yuan, reflecting strong AI-driven demand, DRAM shortages and rising prices. * Market share: CXMT captured 10% of global DRAM revenue in Q3 2026, doubling its 5% share from a year earlier, according to Counterpoint Research. * Competition: The Chinese chipmaker continues expanding its position against Samsung, SK Hynix and Micron ($MU). 19-OCT-2026 05:23 AM ET