U.S. chip stocks and semiconductor ETFs broadly declined on June 23, with Roundhill Memory ETF leading losses after weakness in Asian memory stocks spilled into U.S. premarket trading.
U.S. semiconductor-related stocks and ETFs broadly fell on June 23, with the Roundhill Memory ETF (DRAM.US), described as the world’s first pure-play memory ETF, leading declines at about 13.4% to 13.5% and trading around $69.87 in U.S. premarket trading. BlockBeats, citing Bitget market data, said the drop followed a sell-off in Asian memory stocks and was part of wider pressure across the chip sector. Marvell fell 9.2%, Applied Materials 9.7%, Intel 9%, Arm 8.5%, AMD 7.5%, Qualcomm 6.9%, Microchip 5.4%, Nvidia 3.7% and Broadcom 2.8%.