The Roundhill Memory ETF (DRAM) climbed 4.2% during Wednesday’s pre-market session.
Top holding SK Hynix plans to raise $29.4 billion via a new share offering. This capital supports a Nasdaq listing for its American Depositary Receipts scheduled for July 10.
The memory sector remains in a strong upcycle fueled by AI demand. Micron Technology reports fiscal third-quarter earnings after the market closes on June 24. Analysts expect a beat and raise performance driven by high-bandwidth memory sales.