China Chip Concerns Hit Micron, SanDisk: Monday's Selloff Brings Double Pain for This ETF - Roundhill Mem
Roundhill Memory ETF (DRAM) and its leveraged counterpart (RAM) fell 4.4% and 8.8% respectively due to concerns over Chinese chip competition. Micron, SK Hynix, and SanDisk lost $108B in market value. China's CXMT reported progress in chip design, raising fears of price pressure. DRAM's top holdings include Samsung, SK Hynix, and Micron. RAM's leverage magnifies daily performance. Analysts debate AI demand vs. supply and Chinese competition impact.