🔴 Tech ETF (DRAM) is trading 5.2% down today after profit-taking

DRAM is trading at $57.24 (-5.22%) as profit-taking appears to be driving the decline.

• Profit-taking appears to be the primary ETF-specific driver after DRAM advanced 19.7% from August 10 through August 17.
• The decline is occurring despite stronger memory-sector fundamentals: SK Hynix rose 8.15% and Samsung Electronics gained 3.64% on August 18 amid continued AI-driven supply shortages.
• Higher oil prices and Treasury yields, linked to worsening U.S.-Iran tensions, are pressuring technology valuations and risk appetite.