Memory Chip ETFs Surge as AI Demand Drives $20 B in Assets

The Roundhill Memory ETF (ticker DRAM) reached more than $20 billion in assets under management just weeks after its launch, reflecting strong investor interest in companies that produce DRAM, NAND flash and high‑bandwidth memory. Its top holdings are Samsung, SK Hynix and Micron, and the fund is actively managed with a 0.65% expense ratio.

Defiance has launched a Europe‑focused UCITS memory ETF, also named DRAM, to give European investors exposure to the same memory‑chip sector. The fund will invest in manufacturers and storage‑system providers and is marketed as a way to capture the growing demand for memory driven by artificial‑intelligence, cloud‑computing and data‑centre workloads. Both products underline the broader shift of capital toward highly specific AI‑supply‑chain bets.

Analysts expect memory prices to rise sharply as AI infrastructure expands, with Gartner projecting price gains of up to 130% by the end of 2026. The rapid growth of these ETFs highlights how investors are seeking targeted exposure to the foundational layer of the AI economy.