---
symbol: "DRAM"
name: "Roundhill Memory ETF"
date: 2026-11-05
change_pct: -8.606809830285265
direction: "down"
event_type: "sector_sympathy"
url: "https://perplo.app/why/DRAM/2026-11-05"
updated_at: 2026-11-05T12:07:29.485Z
---

# Why Roundhill Memory ETF (DRAM) fell 8.61% on November 5, 2026

Roundhill Memory ETF (DRAM) fell 8.61% on November 5, 2026 — AI memory selloff drags memory ETF lower.

## What happened

Asian chip stocks slid as disappointing Qualcomm and Arm earnings weighed on the group, sending the Roundhill Memory ETF down 8.6%. The ETF's basket of memory names fell together.

## Why it moved

The ETF holds a basket of memory makers, so it moves with the group's shared exposure to chip demand and memory pricing. Its 8.6% drop tracks the sector-wide selloff rather than any single holding's news.

## Why it matters

The ETF is a direct proxy for the AI Memory theme, where AI data demand tightened DRAM, HBM and NAND supply for months. That theme is now breaking as AI-spend doubts and weak mobile demand weigh on the group.

## What would break the thesis

A recovery in memory pricing or a rebound in AI server demand would reverse the basket's drop.

## Sources

- [Asian chip stocks slide as disappointing Qualcomm, Arm earnings weigh](https://www.investing.com/news/stock-market-news/asian-chip-stocks-slide-as-disappointing-qualcomm-arm-earnings-weigh-5002173) — Investing.com

---

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