The DRAM ETF has tripled in value since April, driven by AI memory demand and strong gains in Micron, SK Hynix, and Samsung stocks.
The Roundhill Memory ETF (DRAM) has soared 191% since its April launch, reaching over $21 billion in assets. The fund’s performance is fueled by surging demand for AI memory, which has outpaced supply and lifted prices significantly.
Three stocks—Micron Technology (+319%), SK Hynix (+331%), and Samsung Electronics (+175%)—account for 72% of the portfolio. The ETF holds just 15 positions, making it a concentrated play on the AI memory theme.
While the fund’s rapid growth raises questions about valuation, its backers argue the AI infrastructure build-out will sustain long-term demand. However, cyclical risks in the memory sector could lead to volatility.