On August 18, Roundhill Memory ETF declined 5.71% in regular trading, trading at $57.28/share with turnover of $689 million.
The selloff followed the ETF's prior-session surge of over 5%, with the broader memory chip sector experiencing significant profit-taking after accumulating substantial gains. The sector had rallied on SK Hynix chairman's warning of the most severe memory shortage next year and massive expansion plans. However, Bernstein forecast that Q3 DRAM and NAND contract price increases would narrow to approximately 20%, fueling concerns that the memory pricing upcycle may be approaching its end. Additionally, Xiaomi's management indicated storage chip price increases are expected to decelerate in the second half. Across the sector, SanDisk fell over 6%, Western Digital dropped over 7%, SK Hynix declined over 5%, and Micron Technology lost over 4%, reflecting broad-based selling pressure.
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