🟢 DRAM 2X ETF (RAM) is trading 4% up in pre-market on tightening memory supply

RAM is trading at $14.04 (+4.00%) as investors continue repricing DRAM and HBM shortage expectations.

• RAM is extending its September 17–18 rally.
• Citi forecasts memory shortages will deepen through 2031, with DRAM demand growth outpacing supply as AI systems expand.
• The broader risk-on backdrop is supportive, with U.S. equity futures higher, Asian markets firmer, and improving U.S.-China sentiment. The primary catalyst appears sector-specific: persistent AI infrastructure demand and constrained memory capacity.