🔴 Memory-chip ETF (RAM) is trading 8.2% down in pre-market as CXMT advances DRAM plans

RAM is trading at $10.22 (-8.18%) as CXMT’s next-generation DRAM plans raise competition and pricing concerns.

• CXMT signaled server-memory products by year-end, adding to pressure on memory-sector shares.
• The global chip selloff intensified overnight: South Korea’s KOSPI plunged, while Samsung and SK Hynix were among the hardest-hit stocks.
• Mixed U.S. futures and Monday’s nearly flat U.S. session are less direct explanations; the upcoming U.S. CPI report is also in focus.