RAM is trading 17.4% down today as a sharp decline in the underlying DRAM sector and a selloff in SK Hynix following its U.S. listing trigger a significant unwind in the leveraged ETF.
- The 2x leveraged structure is amplifying an 8–9% sector decline into a near-20% move, driven by profit-taking and sentiment-driven unwinding after a parabolic AI-memory rally.
- While broader tech weakness is adding pressure, the move is primarily characterized as a concentrated selloff within the DRAM space.