Illiquid(@illyquid):CXMT achieved an 82% EBIT margin for the April-June quarter, ahead of peers. As Hynix and Samsung shifted attention to AI servers, DDR5 prices skyrocketed, and CXMT benefited greatly. Since the first quarter of this year, the profitability of HBM has fallen below that of DDR5, according to TrendForce. SK Hynix, Samsung, and Kioxia shares trade at multiples in the single digits. But CXMT's ratio is nearly 20, reflecting investors' high expectations for the company's growth.

2026.09.10 18:34

CXMT achieved an 82% EBIT margin for the April-June quarter, ahead of peers. As Hynix and Samsung shifted attention to AI servers, DDR5 prices skyrocketed, and CXMT benefited greatly. Since the first quarter of this year, the profitability of HBM has fallen below that of DDR5, according to TrendForce. SK Hynix, Samsung, and Kioxia shares trade at multiples in the single digits. But CXMT's ratio is nearly 20, reflecting investors' high expectations for the company's growth.