🔴 Tech ETF (DRMP) is trading 3.2% down today as investors unwind crowded AI and memory-chip positions

DRMP is trading at $21.40, down 3.20%, reversing its pre-market strength as investors continue unwinding crowded AI and memory-chip positions.

• The broader memory-chip sector is down 8.33%, pressured by profit-taking, elevated Treasury yields, and U.S.-Iran tensions.
• Treasury’s expanded bond-buyback plan lowered long-term yields and supported broader equities, but that relief has not overcome sector-specific selling.