RAM is trading 22.3% down at $13.99 in pre-market action as investors unwind leveraged exposure to memory chips following a profit warning from SK Hynix.
- The decline extends a multi-day drawdown for the 2x leveraged ETF after a recent parabolic run, fueled by renewed volatility across the semiconductor sector.
- Cautious sentiment ahead of the US June CPI print and rising geopolitical risks are further pressuring high-beta AI and memory-related assets.