Investors Keep Buying the DRAM ETF Despite the Selloff. They Might Be Right About Memory Stocks.

Memory chip stocks have endured a sharp reversal in recent weeks as investors questioned whether the enormous sums being invested in artificial intelligence infrastructure can continue at the same pace. The selloff has swept through leading memory and data-storage companies, dragging the Roundhill Memory ETF (DRAM) sharply below its recent highs and testing confidence in one of the market’s most crowded AI trades.

Still, investors have responded to the weakness by buying rather than heading for the exits. The Roundhill Memory ETF reportedly attracted approximately $10 billion in fresh capital during its recent drawdown, an extraordinary show of conviction. The move suggests that many investors viewed the selloff as an opportunity to gain exposure to the memory sector at lower prices.