DRMP is trading at $21.13 (-3.50%) as semiconductor and memory-chip stocks weaken ahead of Nvidia’s August 26 earnings report.
- Investors are taking profits amid concerns about elevated AI valuations, while higher Treasury yields continue to pressure growth-oriented technology shares.
- Fresh U.S. sanctions planning involving Iran and broader risk aversion are adding to the sector’s decline.
- Reuters reported the S&P 500 Information Technology sector had already fallen more than 3% for the week.