Roundhill Memory ETF sees unprecedented demand as investors target AI-driven data storage and memory stocks.
The Roundhill Memory ETF (DRAM) secured $1 billion in inflows in a single day, part of a $5 billion total since its launch less than two months ago. The fund targets AI-related memory and data storage companies, reflecting strong investor interest in the sector.
The ETF holds 13 companies, including Micron Technology (MU), Sandisk (SNDK), and Western Digital (WDC). Western Digital reported a 45% revenue increase to $3.3 billion in Q3, with non-GAAP earnings per share rising 97% to $2.72, driven by AI-driven demand for high-capacity storage.
Management highlighted sustained demand for hard disk drives (HDDs), citing limited supply and rising gross margins, which recently exceeded 50%. The fund’s rapid growth underscores investor confidence in AI infrastructure plays.