On July 17, Roundhill Memory ETF declined 5.01% in pre-market trading, trading at $49.47/share, with turnover of $27.99 million. The ETF, which tracks global memory and storage chip companies, continues to face severe selling pressure amid a broad sector rout.

The decline extends the previous session's sharp selloff, during which core holdings Micron Technology and Western Digital fell over 8%, SanDisk plunged over 12%, and SK Hynix ADR dropped over 13%. Korea's KOSPI index triggered a circuit breaker as losses intensified. Guangfa Hong Kong downgraded its Q3 DRAM price increase expectations, citing strong customer resistance to proposed 30% hikes. Concerns over AI memory chip overvaluation are being collectively unwound, with profit-taking and panic selling accelerating the downturn. Korean prosecutors also raided offices of Montage Technology, Renesas Electronics, and Rambus in Korea over alleged semiconductor component price collusion, further weighing on sentiment.

J.P. Morgan noted that the recent AI sector pullback represents leveraged position unwinding rather than fundamental deterioration, suggesting long-term AI investment logic remains intact.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)