Apple's Rumored China Chip Deal Could Blow a Hole in Micron and Trap the US for Years

Memory stocks moved on a CNBC Fast Money segment (June 29) discussing a report that Apple is seeking to source memory chips from China-based manufacturer CXMT. The article focuses on supply-chain sourcing rather than financial results or guidance, implying limited fundamental change in the near term for memory names.

Analysis

Memory stocks moved on a CNBC Fast Money segment (June 29) discussing a report that Apple is seeking to source memory chips from China-based manufacturer CXMT. The article focuses on supply-chain sourcing rather than financial results or guidance, implying limited fundamental change in the near term for memory names.