The ETF surged 90% since April 2 launch, driven by AI data center demand for high-bandwidth memory chips.
The Roundhill Memory ETF (DRAM) has amassed $6.5 billion in assets within 27 trading days, marking the fastest ETF launch in history. The fund holds 73% of its assets in SK Hynix, Micron (MU), and Samsung, with an additional 9% in leveraged Micron derivatives, amplifying gains and risks.
AI data centers require six times more DRAM than traditional servers, fueling demand for high-bandwidth memory (HBM). This shift has granted memory chipmakers pricing power after decades of commodity-driven cycles, transforming them into critical infrastructure providers.
The ETF has climbed 90% since its April 2 debut, reflecting investor enthusiasm for the AI-driven memory chip boom. The surge underscores the growing importance of memory chips in powering large language models and hyperscale data centers.