🔴 RAM is trading 13.2% down today on a sharp memory chip sector selloff and a short bet against Micron

RAM is trading 13.2% down in pre-market action, extending a multi-day slide as the memory chip sector faces a sharp correction.

• The broader memory chip sector fell more than 4% overnight, driven by profit-taking after a significant rally and mounting concerns regarding high valuations and new competition in AI memory.
• Market sentiment was further pressured by a high-profile short bet against industry leader Micron, weighing heavily on leveraged DRAM-focused equities.