According to Bloomberg Intelligence, Roundhill Memory ETF (DRAM) surged 6.44% to $56.20 on Monday, crossing $6.5 billion in assets in just 36 trading days—the fastest exchange-traded fund ever to reach that milestone, surpassing Bitcoin ETFs that took 43 to 51 days. The rally was driven by strong demand for AI memory chips, with Micron Technology, the ETF’s largest holding at 27%, gaining 5% on Monday following a 13% surge on Friday that attracted $1 billion in inflows.
D.A. Davidson reiterated its Buy rating on Micron with a $1,000 price target, representing roughly 34% upside, citing strong demand for memory capacity in advanced AI systems. SK Hynix and Samsung Electronics also rank among the ETF’s top holdings at 26% and 20% respectively.
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