🔴 DRAM is trading 6.85% down today on a broad memory-chip selloff

DRAM is trading at $48.84 (-6.85%) following a broad memory-chip selloff driven by profit-taking and rising competitive pressure.

• The sector is down 4.22% in pre-market trading amid concerns over CXMT’s IPO and potential DRAM pricing pressure.
• Bearish sentiment from Michael Burry regarding Micron is further weighing on memory stocks as a group.