RAM is trading 9.7% down today as the sharp pullback in DRAM and memory-chip stocks continues, with the fund's 2x leverage magnifying the sector's downside move.
- Sector-wide profit-taking is pressuring the theme following a parabolic run for memory-related equities.
- Growing fears of future oversupply are weighing on sentiment, fueled by rising Chinese competition and a reported IPO by ChangXin Memory Technologies.