CXMT’s Blockbuster IPO Hits MU, SNDK and WDC—Is the Memory Rally at Risk?
Memory and storage stocks came under pressure on July 27 after China's leading semiconductor manufacturer, ChangXin Memory Technologies (CXMT), delivered a blockbuster Shanghai stock market debut to surpass a $500 billion valuation. Micron Technology, Inc. (NASDAQ:MU) shares fell 5%, Sandisk Corporation (NASDAQ:SNDK) declined around …