Viral DRAM ETF Stock Just Crashed By 20%, Highlighting Key Risk - Micron Technology (NASDAQ:MU), SanDisk

The viral Roundhill Memory ETF (CBOE: DRAM) has been in the spotlight since going public in April this year.

Its stock jumped from $28 to $70 as its constituent companies surged.

This growth, together with the inflows, pushed its total assets to over $16 billion.

DRAM stock ended last week at $55.80, down by over 20% from its highest point on record as investors dumped technology stocks.

This retreat was steeper than that of the broader market, with the Nasdaq 100 Index falling by 5.9% from its highest point this year.