Tuttle’s HBMX ETF adds CXMT exposure, giving investors access to China’s $488 billion memory-chip giant as AI demand fuels the global memory boom.
CXMT's blockbuster Shanghai debut put a half-trillion-dollar price tag on the memory bottleneck HBMX was built to seek exposure to.HBMX has added exposure to ChangXin Memory Technologies (CXMT) (Shanghai: 688825), one of the fastest-growing producers in the memory-semiconductor complex at the center of the AI buildout. CXMT lists only in Shanghai and has no U.S.-listed ADR. As a China A-share, it is effectively out of reach for most U.S. investors - and many U.S. funds. HBMX obtains its economic
Demand for memory chips needed to fuel the artificial intelligence buildout has sparked a wave of new ETFs.
Roundhill's memory fund has been the debut of the year. Three rivals are now betting on different corners of the theme.
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