The Roundhill Memory ETF (DRAM) is approaching its longest weekly losing streak since its inception. The fund's price remains significantly below its previous peak.
Investors withdrew over $1.6 billion from the ETF in the last month. Major holdings including Micron, Samsung Electronics, and SK hynix led the downward movement.
Market concerns include potential Chinese competition and cautious commentary from industry executives. A challenging macroeconomic environment further pressures the sector.
Industry reports indicate memory-chip demand is sold out through 2027. Analysts suggest technical indicators point to further near-term downside despite strong long-term AI demand.