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One ETF Is Making a Killing on Micron's Stock Meltdown — Can It Keep Cashing In?

BenzingaChandrima Sanyal

MUZ ETF surges over 25% as Micron tumbles. Bullish technical indicators had signaled building momentum, but can the leveraged trade sustain its rally?

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    Why Micron Stock Keeps Going Down

    Micron stock has declined nearly 30% over six trading days amid concerns about Chinese competition. Chinese chipmaker CXMT announced $1 billion in DRAM prepayments and is developing high-bandwidth memory (HBM) chips. However, CXMT faces significant challenges with only 20-30% yield rates on next-generation HBM3E products, suggesting limited near-term threat to Micron's market position where SK Hynix currently dominates.