Micron's Chinese Rival CXMT Just Grew Its Sales More Than Sevenfold. I'd Buy Micron Stock Now.

Chinese DRAM maker CXMT reported a 613% year-over-year revenue increase in Q3 2026, driven primarily by a global memory shortage that boosted both chip sales volumes and prices. Despite CXMT's sevenfold growth, Micron remains significantly larger with quarterly revenue three times that of CXMT. The analyst argues CXMT's surge reflects industry-wide pricing strength rather than a fundamental threat to Micron, and recommends buying Micron stock at current valuations, though suggests building positions gradually given the cyclical nature of memory markets.