On May 11, Brian Emes, a 43-year-old retail store manager in Lethbridge, Alberta, purchased 55 shares of the Roundhill Memory ETF (DRAM), which had only launched in early April. The position now accounts for approximately 7% of his portfolio, making it a concentrated bet on artificial intelligence and memory chip stocks.
Emes made the purchase based on discussions on Reddit threads and YouTube videos highlighting AI-driven demand for memory chips, viewing it as a trade opportunity he could not afford to miss.
Related News
Bit Digital Posts $146M Q1 Loss as Ethereum Treasury Tops 155,000 ETH
Cerebras IPO raises $5.55 billion, with day-one marketcap reaching $95 billion
Dartmouth College’s endowment fund holds its first Solana-staking ETF, with a total crypto investment portfolio value of $14 million