Changxin Memory Technologies or CXMT is China's premier, state backed DRAM manufacturer. Its blockbuster IPO on Shanghai's STAR market saw its share price skyrocketed 460% on Day 1.
Analysts expect CXMT to capture 18% of the global DRAM market within 2 years, up from its current 8%.
Why investors should not panic: The HBM market remains heavily dominated by the Big 3 - SK Hynix, Samsung and Micron. CXMT is currently estimated to be 2 to 3 years behind the global leaders in advanced processes.
I bought $Roundhill Memory ETF(DRAM)$ because HBM is completely sold out through 2026 & well into 2027. Tech giants like Microsoft , Google and Meta are waiting in long lines for these components.
As Warren Buffett likes to say "When there is fear in the market it is time to be greedy."
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