Explore the latest developments concerning AI Is Now.
Memory ETF DRAM Rallied 70% In One Month – Here's Why – Roundhill Memory ETF (BATS:DRAM), iShares MSCI So
An exchange-traded fund that did not exist five weeks ago has just become the loudest signal in the entire AI infrastructure trade.
The Roundhill Memory ETF (CBOE: DRAM) — the first U.S.-listed fund offering pure-play exposure to global memory semiconductor companies — has rallied over 70%, a month after Roundhill Investments brought it to market on April 2.
Inflows tell a similar story. The fund crossed $1 billion in assets in 10 trading days, and Dave Mazza, chief executive officer of Roundhill Investments, told Benzinga that DRAM has now pulled in over $2.5 billion since inception.
“The strong returns since inception validated our thesis that memory chips are the most critical and supply-constrained layer of the AI infrastructure buildout, and the companies making them were being systematically undervalued,” Mazza said.
The hottest ETF since bitcoin-mania just added $1 billion in a day
The fastest-growing ETF in years is the latest AI play to go skyward â in more ways than one.
Roundhill Investment's Memory ETF (DRAM) tracking the red-hot memory sector has raised more than $5 billion since its April 2 launch, including $1.1 billion on Thursday alone. It started out of the gates red hot, garnering $1 billion its first 10 days of trading, a milestone that trails only the big bitcoin ETFs rollout three years go and the debuts of iShare's popular 'LQD' bond fund, the staple GLD gold ETF from SPDR, and JP Morgan's BBCA Canadian equity fund, according to Goldman.
"Memory has been identified as the clear AI bottleneck and there's a shortage of these chips that's going to last not for a quarter but multiple years," Roundhill CEO Dave Mazza said on the phone.
Artificial Cherry Trees Indoor Decor: Handmade Natural Fake Cherry Blossom Pink Tree Outdoor For Party Wedding Christmas
The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.
For more detailed information, explore updates concerning AI Is Now.
0 Comments