DRMP is trading 3.6% higher in pre-market as memory-semiconductor stocks rebound from last week’s selloff and oversold conditions. The recovery is driven by a bullish Morgan Stanley report calling the recent dip a buying opportunity and forecasting a prolonged memory shortage with rising chip prices.
- Analyst Outlook: Morgan Stanley expects a sustained supply deficit in the memory segment, which is lifting the entire DRAM sector.
- Sector Momentum: Broader tech futures and strong gains in Micron are reinforcing the recovery for this semiconductor-focused ETF.