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Micron beating earnings with accelerating revenue growth is the most bullish possible signal for the Roundhill Memory ETF. x.comÂ
Memory stocks are one of the easiest buys right now because supply has no visible path to catch up with demand. Micron CEO Sanjay Mehrotra said the company currently has no line of sight on when memory supply will catch up with increasing demand. x.comÂ
SK hynix's new direct US listing is a small disadvantage for the Roundhill Memory ETF, which investors had bought partly to own SK hynix indirectly. Owning memory companies directly is preferable to the ETF. x.comÂ
Rising memory contract prices strengthen the case for memory stocks still far below their highs. JPMorgan forecasts Q4 DRAM prices up 13% and NAND up 18%; Micron is 28% below its 52-week high, Seagate 44%, Sandisk 47% and Western Digital 55%. x.comÂ
The Roundhill Memory ETF's uptrend remains intact: a two-month base gave way to higher highs and higher lows, matched by steady whale accumulation now at 58.21%. Support sits at $54, $57 and the $60 zone, with near-term resistance at $64 and the $70 zone. Clearing one of the longer momentum bars has historically been a reasonable point to buy or add on the way up. x.comÂ
The Roundhill Memory ETF is hard to justify because 75% of its holdings sit in just three stocks, so investors pay a fee for little diversification. x.comÂ
Memory, neocloud, photonics, space and copper ETFs are the top picks-and-shovels plays on the next technological revolution. The five are DRAM for memory, NCLD for neoclouds, LYTE for photonics, NASA for space and COPX for copper. x.comÂ
Memory should outperform over the next 6-12 months because demand is not slowing and supply is not catching up. The DRAM ETF is the easiest way to gain exposure, with Micron, Samsung and SK hynix as its top three positions. x.comÂ
Memory stocks are a temporarily hot theme that is likely to be replaced within months or years, which makes them a poor fit for long-term holders. x.comÂ
SK hynix's five-year agreements with 14 major customers cover more than half its 2027-28 capacity, giving its memory earnings unusually long visibility. DRAM prices rose 28% and NAND 25% in the quarter, while operating profit reached 62.8 billion against 58.5 billion expected; Q4 DRAM shipments are guided up 25% from Q3. Those commitments support the view that demand is not peaking yet. Overweight, $400 target. x.comÂ