$DRAM

The Roundhill Memory ETF (DRAM) fell to $46.45, down 43% from its peak, amid $481 million in daily outflows. The fund, heavily concentrated in memory stocks like Samsung, Micron, and SK Hynix, has seen $2.24 billion in outflows over 30 days. Declines coincide with AI bubble concerns and competition from Chinese firms, despite strong revenue reports from Micron and Samsung.

Elon Musk praised Micron (MU) for its approach to memory pricing, highlighting the importance of memory suppliers in AI infrastructure. Micron's stock is down 25% from its 52-week high, while the Roundhill Memory ETF (DRAM) offers diversified exposure to memory-chip makers. Investors are weighing the risks and opportunities in the memory sector, with analysts noting Micron's low forward P/E and expected earnings growth.

The article cites a definitive agreement under which Vertex Pharmaceuticals will acquire Crinetics for $85 per share in cash, valuing equity at about $10 billion. It also notes picks for VNQ and Nvidia (NVDA), with Nvidia shares up 3.7% to $204.12 after reports that China may allow limited Nvidia H200 chip purchases.

Nvidia CEO Jensen Huang said on a trip to South Korea that semiconductor supply chains, from wafers to packaging and silicon photonics, are in short supply due to high demand and “will persist for several years,” according to his remarks. The article links this to AI-driven memory demand, especially HBM, and notes the Roundhill Memory ETF (DRAM) holds memory/storage firms (e.g., Micron, Samsung, SK Hynix) with a 0.65% expense ratio.