On August 18, Roundhill Memory ETF fell 5.02% in pre-market trading, trading at $57.27/share, with turnover of $18.6083 million. The memory chip sector faced broad selling pressure as investors locked in gains following a sharp multi-day rally.

The ETF had surged over 5% in the prior session, driven by SK Hynix chairman's warning that next year could see the most severe memory shortage in recent history, alongside the company's $7,200 billion long-term capacity expansion plan. The rapid cumulative gains intensified profit-taking pressure. Sector peers declined in tandem, with SK Hynix down 3.82%, SanDisk down 4.3%, Micron Technology down 3.59%, and Western Digital down 3.48%.

Adding to bearish sentiment, analyst firm Bernstein projected DRAM and NAND contract price increases narrowing to approximately 20% in Q3, suggesting the memory pricing upcycle may be approaching its tail end. Multiple Korean brokerages also recently cut SK Hynix target prices by roughly 30%, reflecting growing concerns that sector fundamentals may be peaking.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)