🟢 RAM is trading 3.6% up today on short-covering after a 20% regular-session selloff

RAM is trading at $9.98 (up 3.6%) in after-hours trading as investors engage in short-covering and dip-buying following a significant sector-wide slump.

• The 2x leveraged memory-chip ETF experienced a steep 20%+ selloff during the regular session, driven by fears of a global memory-chip glut and rising Chinese competition.
• Market sentiment is stabilizing as traders look ahead to key megacap earnings reports and the upcoming Federal Reserve policy decision.
• The after-hours recovery suggests a potential bottoming for DRAM and NAND names after the recent aggressive drawdown.