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Benzinga
Benzinga
Business
Piero Cingari

EXCLUSIVE: Why TEMA ETF Is Buying China’s Memory Champion Without Selling Micron

Memory Micron Tema China CXMT ETF United States ChangXin Memory Technologies Shanghai
Blocks,Of,Computer,Memory,Sit,On,Top,Of,Hundred,Dollar

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.

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