RAM is trading 4.5% down today as the memory-chip and DRAM sectors face continued pressure following a sharp multi-day selloff.
- Reports of a state-backed Chinese firm ramping mass production of advanced chipmaking equipment have intensified fears of future oversupply and eroding pricing power for established industry leaders.
- Broader risk-off sentiment in U.S. equities and uncertainty regarding Federal Reserve policy are magnifying volatility for this 2x leveraged ETF.