🔴 Memory-chip ETF (RAM) is trading 2.71% down in pre-market on competition concerns after CXMT DRAM progress

RAM is trading at $11.84, down 2.71%, as concerns about rising competition followed reports of CXMT progress on next-generation DRAM.

• On October 12, South Korean memory-chip shares weakened, with Samsung and SK Hynix among decliners; the Kospi also fell.
• U.S. equity futures were modestly higher, while Asian markets were mixed, pointing to sector-specific weakness.
• RAM targets twice the daily performance of memory-related stocks, which can amplify sector moves.