🔴 DRAM is trading 5.3% down today on profit-taking and rising competition from Chinese suppliers

DRAM is trading 5.3% down in pre-market, extending a multi-day slide as investors lock in gains following an extreme rally in memory-chip stocks.

• The decline is fueled by heightened concerns over increased competition from Chinese memory suppliers and broader weakness in the global tech sector.
• Sentiment is further pressured by TSMC’s massive capital expenditure plans and hawkish commentary from the Federal Reserve.
• The ETF is moving in tandem with the broader memory-chip complex, with no fund-specific news reported.