Memory is the new “don’t blink” trade
Roundhill is turning its hot DRAM theme into a caffeinated sequel: the new T-REX 2X Long DRAM Daily Target ETF, ticker RAM, is built to chase 200% of DRAM’s daily move before fees and expenses. In plain English, if you thought the memory-chip trade was already spicy, Roundhill basically handed it an extra shot of espresso.
Why this matters
The pitch is simple: memory has become one of the bottlenecks in the AI infrastructure buildout. That means investors aren’t just betting on GPUs and data centers anymore — they’re also piling into the boring-but-essential stuff that helps all that AI hardware actually remember things.
And DRAM has been on a tear. Since launching on April 2, it’s reportedly pulled in more than $20 billion in assets and generated a return of over 150%. That kind of momentum tends to attract copycats, leverage, and a whole lot of trader attention.
The fine print, but make it market-y
- RAM starts with about $250,000 in net assets and a $25 NAV.
- It charges a 1.25% expense ratio, temporarily waived from 1.50% through Sept. 30, 2027.
- The fund is aimed at active traders who want amplified exposure to memory chips, not your sleepy buy-and-hold crowd.
Big picture
This isn’t just another ticker with a clever name. It’s a sign that the AI trade has moved deeper into the supply chain, from the flashy chip designers to the unglamorous memory layer underneath. When product launches start getting levered, you know the crowd has gone from interested to fully caffeinated.