DRMP is trading at $20.85 (-6.46%) as memory-chip and semiconductor stocks face broad pressure from a sector-wide selloff rather than fund-specific news.
- Profit-taking following a strong AI-led rally, combined with renewed concerns regarding valuations and competition from China, are the primary drivers of the move.
- The decline aligns with a weaker overall tech backdrop, with the Nasdaq and major semiconductor names under significant selling pressure as memory stocks drop sharply.