---
symbol: "DRAM"
name: "Roundhill Memory ETF"
date: 2026-08-05
change_pct: -3.440935200308308
direction: "down"
event_type: "theme_sympathy"
url: "https://perplo.app/why/DRAM/2026-08-05"
updated_at: 2026-08-05T23:06:30.850Z
---

# Why Roundhill Memory ETF (DRAM) fell 3.44% on August 5, 2026

Roundhill Memory ETF (DRAM) fell 3.44% on August 5, 2026 — SanDisk misses forecast; AI Memory selloff drags peers.

## What happened

SanDisk's weaker-than-expected revenue forecast triggered a selloff across the Roundhill Memory ETF, a basket tracking NAND and DRAM suppliers globally.

## Why it moved

The ETF holds multiple names exposed to the same hyperscaler capex cycle; SanDisk's guidance miss signals slower memory demand broadly, pressuring the entire basket's valuations and near-term earnings expectations.

## Why it matters

The AI Memory theme rode a cohesive narrative of unstoppable datacenter provisioning; SanDisk's reset forces a repricing of the whole ecosystem's growth profile, as investors reassess how long the capex surge will…

## What would break the thesis

ETF flows and rebalancing can amplify or dampen the move; if institutions rotate back into memory on any tactical bounce, the ETF could recover faster than its individual holdings if the theme narrative stabilizes.

## Sources

- [Sandisk’s stock falls as the company’s forecast doesn’t live up to high expectations](https://www.marketwatch.com/story/sandisks-stock-falls-as-the-companys-forecast-doesnt-live-up-to-high-expectations-8fd13d9b?mod=mw_rss_topstories) — MarketWatch

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