{
  "id": 17529952,
  "title": "Micron's Chinese Rival CXMT Just Grew Its Sales More Than Sevenfold. I'd Buy Micron Stock Now.",
  "url": "https://urgent.news/2026/11/01/microns-chinese-rival-cxmt-just-grew-its-sales-more-than-sevenfold-id",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-01T03:13:01.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/10/31/micron-s-chinese-rival-cxmt-just-grew-its-sales-more-than-sevenfold-i-d-buy-micron-stock-now/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Micron Technology's shares have faced a challenging period, with the stock falling around 26% from its June high. However, on October 30, China's largest DRAM maker, CXMT, reported impressive revenue growth. CXMT's third-quarter revenue surged 613% year-over-year, reaching approximately $18 billion, a sevenfold increase compared to the same period last year. This remarkable growth can be attributed to a global DRAM shortage, which drove up both sales volumes and prices. CXMT's gross margin reached an astounding 89.5% in the third quarter, up 2 percentage points from the previous quarter, and its net profit attributable to shareholders was around $8 billion, marking a significant turnaround from a loss in the previous year. While CXMT's revenue was only a third of Micron's $54.2 billion in the same quarter, Micron's cloud memory and core data center units, which make up about 63% of its revenue, are growing rapidly. Despite CXMT's strong performance, Micron remains a compelling buy, with a current stock price reflecting the industry's overall risk, and investors advised to gradually build their positions.",
  "summary": "What does a sevenfold sales leap for a Chinese rival say about the memory maker's stock?",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Micron's Chinese Rival CXMT Just Grew Its Sales More Than Sevenfold. I'd Buy Micron Stock Now.",
        "url": "https://urgent.news/2026/11/01/microns-chinese-rival-cxmt-just-grew-its-sales-more-than-sevenfold-id-17531103",
        "published": "2026-11-01T03:33:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}