$Invesco QQQ(QQQ)$ Price target $3000.
CXMT claimed they would make DDR5 memory, but it isn't being sold in China or anywhere else.
CXMT doesn't have EUV, so they can't make 4E2 memory.
$SK hynix(SKHY)$ is 2-4 years ahead of CXMT in 4E2, and they have no production plans for it.
4E2 memory has issues with leakage and ECC failures.
CXMT can't make HBM4 or HBM4E, and there's no plan for it either.
$Micron Technology(MU)$ , $SK hynix(SKHY)$ , and Samsung generate most of their profits from HBM. They do make some other memory products, but the HBM revenue is what keeps their margins stable.
CXMT can only sell the limited amount of memory they produce within China.
It's pretty clear CXMT is misleading everyone about what they're actually making and what they plan to make.
We've been hearing about CXMT memory for 6 months now, and prices just keep climbing.
Why would CXMT lie just to push their stock price higher?
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