On August 17, Roundhill Memory ETF rose 5.15% in pre-market trading, trading at $60.32/share, with turnover of $20.426 million.
On the news front, the global memory chip sector continues to strengthen broadly. Counterpoint Research's latest data shows that driven by AI inference workloads, enterprise SSD demand continues to surge, with Yangtze Memory reaching 14% shipment share to become the world's third-largest NAND flash supplier for the first time. Meanwhile, U.S. July CPI rose 3.4% year-over-year, below the prior reading of 3.5%, with moderate inflation easing rate hike pressure. The Philadelphia Semiconductor Index previously closed up 2.49%, with Micron Technology rising nearly 5%. Separately, NewStreet Research significantly raised Micron's price target to $1,250, citing long-term AI-driven memory demand. The ongoing memory pricing uptrend and SK Hynix's active site selection for a U.S. front-end wafer fab further reinforce bullish sentiment across the storage sector.
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