Roundhill’s New DRAM ETF Targets AI Boom — Betting on Micron, Samsung & SK Hynix Stocks

Asset manager Roundhill Investments launched the first-ever Memory ETF (DRAM) in the U.S. on Thursday, April 2. The fund lets investors gain exposure to top memory chip makers like Micron (MU), SK Hynix, and Samsung (SSNLF), tapping into growing demand for memory in AI, cloud computing, and data centers. The DRAM ETF jumped about 3% on its first day of trading, then added another 5% in after-hours trading on Thursday.

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For context, Roundhill Investments is a U.S.-based asset manager specializing in thematic and sector-focused ETFs such as technology, AI, and semiconductors. Other popular Roundhill ETFs include the Magnificent Seven ETF (MAGS) and the Generative AI & Technology ETF (CHAT).

What You Should Know About the Roundhill Memory ETF

• The Roundhill Memory ETF (DRAM) focuses on companies across the DRAM, HBM, NAND flash, and SSD ecosystems, rather than broad, diversified chipmakers. Its portfolio includes key memory producers in Asia and the U.S., reflecting the industry’s geographic concentration.
• Expense ratio: 0.65%
• Holdings: Three companies — Micron, Samsung Electronics, and SK Hynix — make up roughly 75% of the DRAM ETF, about 25% each. The remaining shares are spread across Kioxia (KXHCF), SanDisk (SNDK), Western Digital (WDC), Seagate (STX), Nanya Technology Corp (NNYAF), and Winbond Electronics Corp.

What Makes the DRAM ETF Special?

Although DRAM is a niche segment of the semiconductor market, its companies have been major beneficiaries of the AI boom. Over the past year, they have even outperformed other parts of the AI trade, including GPU makers like Nvidia (NVDA). For instance, Micron has been a standout performer and is one of the three main producers of high-bandwidth memory (HBM).

What sets the DRAM ETF apart is that the other two key memory players — Samsung and SK Hynix — don’t trade in the U.S. and aren’t included in major semiconductor ETFs like the iShares Semiconductor ETF (SOXX) or the VanEck Semiconductor ETF (SMH). By focusing specifically on memory, the Roundhill Memory ETF allows investors to capture this growing demand with a more targeted approach.

Which Memory Stock Is the Better Buy, According to Analysts?

Using TipRanks Stock Comparison tool, we have placed memory chip stocks against each other to find out the best pick. On Wall Street, analysts see Micron (MU) as the memory stock with the most upside. MU’s price target of $533.40 per share suggests roughly 45% potential gains from current levels.