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Xiaomi Faces Investor Skepticism as Memory Chip Costs Surge

Traders pushed bearish bets on Xiaomi Corp. to record levels ahead of first-quarter earnings. They cited concerns over elevated memory chip expenses and intensifying competition in China's electric vehicle sector. The smartphone maker faces a challenging backdrop as manufacturers globally confront mounting semiconductor procurement costs. Supply chain pressures remain elevated, with firms stockpiling inventory at levels unseen since the 2022 crisis as they brace for further price increases. Transportation expenses have simultaneously climbed to record highs, particularly across Asia. Higher input costs and competitive pressures in the EV market underscore near-term headwinds for Xiaomi's profitability.