economy
Chipmaker ETF rides AI excitement to quickest $10bn valuation on record
Roundhill Memory ETF, known as DRAM, surges 87% within 50 days of April launch
TL;DR
- Roundhill Memory ETF (DRAM) launched in April.
- The ETF surged 87% within its first 50 days.
- DRAM reached a $10 billion valuation.
- This is the quickest valuation of $10 billion on record for an ETF.
- The surge is linked to excitement surrounding AI.