🔴 DRAM 2X Leveraged ETF (RAM) is trading 4.44% down in pre-market amid profit-taking

RAM is trading at $12.07 in pre-market, down 4.44% from the August 27 close; the decline appears to reflect profit-taking.

• Gains of 1.61% on August 27 and 7.17% on August 25 highlight amplified daily volatility.
• Memory-chip sentiment remains strong following NVIDIA’s earnings beat; Samsung and SK Hynix benefit from stronger AI-memory demand expectations.
• Broader U.S. futures are slightly lower as investors await Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole speech and Michigan sentiment data.