🔴 Technology ETF (DRAM) is trading 3.2% down as memory stocks slide amid AI-spending doubts

DRAM is trading at $47.58, down 3.21%, as memory and AI-linked stocks weaken amid renewed doubts about AI spending and rising oil prices amid Middle East tensions.

• DRAM fell 4% premarket, pulled lower by Micron, SanDisk, Seagate and Western Digital.
• Nasdaq futures fell nearly 2%, while chip stocks, including Micron, were down 2.9%–5.3% in early trading.
• Samsung and SK Hynix’s China NAND upgrades offered longer-term demand context but did not offset the risk-off move.