🔴 Technology ETF (DRMP) is trading 3.9% down after CXMT reports progress on denser DRAM design

DRMP is trading at $20.69, down 3.89%, after China’s CXMT reported progress on a denser DRAM design, raising concerns about future competition and pricing pressure.

• Micron also fell in premarket trading amid the news.
• The decline appears sector-driven: DRMP focuses on memory-semiconductor companies, while broader indexes are mixed.