CXMT's blockbuster IPO sparked fears of rising Chinese competition across the memory industry. But Tema ETFs CIO Yuri Khodjamirian tells Benzinga investors are overlooking a crucial distinction between commodity DRAM and high-bandwidth memory, where Micron, SK Hynix and Samsung still hold a formidable technological edge.
ChangXin Memory Technologies (CXMT) debuted in Shanghai with +466%; Tema ETF allocated 10.56% of its Memory ETF to CXMT as top holding, contrasting Wall Street's selloff fears. The DRAM market remains undersupplied through 2028 driven by AI infrastructure; Micron's HBM moat is protected by technical barriers, while CXMT's impact comes via Chinese domestic substitution, not global price pressure.
China's newest memory champion – ChangXin Memory Technologies (CXMT) – is finally public on the Shanghai market.
Investors immediately assumed that meant more trouble for Micron Technology Inc.
(NASDAQ:MU) and SanDisk Corp.
(NASDAQ:SNDK), two of the best-performing names in the S&P 500 this year.
Following CXMT's eye-popping 466% debut, Wall Street dumped virtually every memory stock in sight.
Micron shares drop 8% as Chinese memory chip rival CXMT captures market attention
China Memory Giant CXMT Becomes a Top Holding in Tema Memory ETF (DISK)
China's $85 billion DRAM challenger starts trading Monday, and Micron investors are already feeling the pain
‘Run for the Hills,’ Says Investor About Micron Stock
Memory Chipmaker CXMT Soars 466% On Debut—Becomes China’s Most Valuable Company
Chinese chipmaker CXMT soars more than 500% on debut
CXMT projected to further soar as it narrows gap with Samsung, Micron, SK Hynix
Goldman Warns 'Memory Industry Has A New Problem' As China Chipmaker CXMT Explodes Over 450% In IPO Debut
Memory frenzy fuels CXMT's historic debut
CXMT shares soar in blockbuster listing - Taipei Times
