Memory chip ETFs surge to $28B amid AI infrastructure demand

The Roundhill Memory ETF (DRAM), the first US-listed fund focused exclusively on the memory chip sector, has seen assets surge to approximately $28 billion following its April 2 launch. The fund has attracted roughly $27 billion in net inflows, driven by intense retail investor demand that has persisted despite price fluctuations in underlying holdings.

The ETF is an actively managed portfolio concentrated on major global memory producers, including Micron Technology (26%), Samsung Electronics (25%), and SK Hynix (20%). It targets core technologies such as DRAM, high-bandwidth memory (HBM), and NAND flash storage.

This surge in capital coincides with a perceived memory chip ‘supercycle,’ fueled by the expansion of AI infrastructure by cloud providers like Amazon, Microsoft, and Google. Additionally, retail investor interest in semiconductor ETFs has been bolstered by Nvidia’s financial maneuvers, which have signaled strong backing for foundational hardware infrastructure and mitigated insolvency fears across the sector.