RAM, a 2X leveraged ETF on the Roundhill Memory ETF (DRAM), is slightly lower as of the July 02, 2026 session but follows a massive two‑day drawdown from $26.00 on June 30 to $19.04 on July 02. The move is driven by sharp volatility in AI memory leaders Samsung and SK hynix and broad concerns about overinvestment in AI data center capacity, which have hit global memory and high‑bandwidth DRAM stocks.