Roundhill Memory ETF (DRAM) perpetual market

DRAM is the Roundhill Memory ETF, an exchange-traded fund managed by Roundhill Investments that invests primarily in the equity securities of companies tied to the memory chip industry. Its holdings focus on firms that design, manufacture and supply memory semiconductors such as DRAM and NAND flash, along with the equipment and materials that support their production. The fund gives investors a single instrument for exposure to the memory segment of the semiconductor market, whose pricing moves in pronounced boom-and-bust cycles driven by supply, capacity investment and demand from data centers, personal computers, smartphones and, increasingly, artificial intelligence hardware. Because memory is a commoditized and cyclical corner of the chip industry, the fund's performance tends to track the broader memory pricing cycle and the fortunes of its concentrated roster of specialist manufacturers.