🔴 2x Long DRAM ETF (RAM) is trading 3.18% down in pre-market after SanDisk’s weaker-than-expected guidance

RAM is trading at $10.05 (-3.18%) as memory and storage weakness appears sector-driven after SanDisk issued weaker-than-expected forward guidance.

• Western Digital shares fell sharply as the memory-stock selloff intensified.
• Overnight semiconductor sentiment remains fragile, with Korean chip stocks under pressure and the Philadelphia Semiconductor Index reportedly more than 20% below its late-June peak.
• Broader futures are mixed-to-positive, suggesting weakness is concentrated in memory and storage names rather than broad market risk aversion.