DRAM ETF Sees $7B Disappear As Memory Chip Mania Fades - Roundhill Memory ETF (BATS:DRAM)

Benzinga · Chandrima Sanyal ·

DRAM ETF investors face $7 billion in estimated losses as a 40% plunge rattles the artificial intelligence memory chip trade.

The memory chip trade has gone from Wall Street darling to portfolio nightmare, and the Roundhill Memory ETF (BATS:DRAM) is feeling the heat.

The ETF plunged 18% on Thursday, extending its one-month decline to roughly 40%.

The steep reversal is particularly striking for an ETF that rode the artificial intelligence-driven memory boom to extraordinary gains earlier this year.

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