DRMP is trading at $20.50, down 5.31% from the September 11 close of $21.65, as a 5.97% memory-chip decline drove the selloff.
- Nasdaq futures fell 1.84%, while technology stocks led broad pre-market weakness.
- AI leadersβ calls to slow frontier-AI development raised concerns about future AI infrastructure and memory demand, driving sharp global semiconductor declines; weaker Asian technology markets, higher oil prices, and increased expectations for a Federal Reserve rate hike this week added risk-off pressure to growth stocks.