CXMT is trading at CNY 56.81 (-3.09%) as memory-chip stocks broadly fell amid profit-taking and valuation concerns. - On September 24, 2026, the DRAM sector dropped 3.02%. - Investors questioned whether elevated valuations and peak earnings growth are sustainable. - CXMT’s fifth-generation DRAM platform entered mass production on September 20, but that bullish news does not explain the current decline.