re: AI Memory ETF | DRAM

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DRAM has seemed like it goes up to about $70-80 & then drops back down to around $55 week to week for the past couple of months.

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We’ve cleared most of the high 50s sellers - we had one large run from low 60s to $82. Sold the whole way back down into $54 range, in large part due to Korean population getting margin called due to use of excessive leverage.

Likely we start testing upside extremely soon, but will have to break through any selling pressure throughout upper 60s into the 70s and then once that selling pressure is cleared we can set our sights on $80 again.

Time will tell. DRAM is subject to moving violently (along with rest of memory sector), so it’s really anyone’s best guess. Doubt it’ll be a straight shot to ATH due to selling pressure in 70s range.

We are still below 60 so it’ll be intriguing to watch over the next month or so.

ETA: Up 3% after-hours to mid $59 share price ($59.51) as of most recent edit