On June 1, Roundhill Memory ETF (DRAM) rose 5.11% in pre-market trading, trading at $66.44/share, with trading volume of approximately $10.91 million. The gain extends the rally driven by the global memory super cycle and surging demand for high-end storage chips.
The movement follows Micron Technology briefly surpassing $1 trillion in market capitalization, with industry experts noting that memory chip prices have risen significantly and are expected to remain elevated for the next couple of years. The AI industry's evolution from training to inference is generating structural demand for High Bandwidth Memory (HBM) and DDR5, while major investment banks such as UBS have raised price targets on memory stocks, projecting DRAM supply shortages to persist through 2028.
The ETF had already surged 8.95% in regular trading on May 26, reflecting sustained investor enthusiasm for pure-play memory assets amid tightening supply conditions. Samsung and other major manufacturers have cut conventional DRAM capacity, widening the global supply gap and driving prices sharply higher across the memory sector.
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