The Roundhill Memory ETF (DRAM) surged over 12% in premarket trading on June 25. This rally followed Micron Technology’s (MU) Q3 results announced late on June 24.
Micron reported record revenue driven by high-bandwidth memory demand for AI servers. The company also issued a strong financial forecast based on this sector growth.
Top holding SK Hynix announced plans for a U.S. listing to fund expanded AI memory chip production. These developments highlight the intensifying demand for memory components within the AI supply chain.