Top Three DRAM ETF Stocks to Watch This Week: Samsung, SK Hynix, Seagate

The Roundhill Memory ETF (CBOE: DRAM) has lost momentum in the past four weeks.

After peaking at $81.35 on June 22nd, it has slipped by 35% to the current $53.20.

Even so, investors have continued to allocate cash to the fund, hoping that most memory stocks will rebound.

The fund has had over $10 billion in inflows in the last 30 days, bringing its assets under management to $23 billion.

This article looks at the top 3 DRAM stocks to watch this week.

DRAM ETF inflows | Source: ETF Db Samsung Secured a $200 Billion Deal From Broadcom Samsung Electronics, the second biggest constituent in the DRAM ETF, will be in the spotlight this week after it inked a large deal with Broadcom (NASDAQ: AVGO ).

In a statement, Samsung said that it will manufacture some products for Broadcom, in a deal estimated to be worth $200 billion.

Samsung will provide High Bandwidth Memory (HBM) solutions to Broadcom, supporting its AI accelerators.

Broadcom will also take advantage of Samsung’s 2-nanometer and below process technologies for products like Wireless Broadband Communications solutions.

Therefore, there is a likelihood that Samsung stock will bounce back after it dropped by over 33% from its highest point this year.

In addition to this, Samsung will publish its earnings on July 30.

It has already published its preliminary report, which showed that its business boomed in the second quarter.

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These results come a few weeks after it launched its ADRs in the United States.

These numbers come at a time when SK Hynix’s stock has plunged by over 40% from the year-to-date high.

As a result, bulls hope that the results will provide a catalyst to boost its stock.

Analysts expect these results to show that its revenue jumped to 84.1 trillion won ($52 billion).

The operating profit is also expected to soar to $43.7 billion, representing an operating margin of 75%.

Judging by the recent Samsung and Micron earnings, there is a possibility that its numbers will be stronger than that.

Seagate to Release Earnings on July 28 Seagate Technology (NASDAQ: STX ) stock has also retreated by over 25% from its highest point this year, with its valuation falling from $246 billion to $190 billion.

STX accounts for 4.90% of the DRAM ETF, making it a smaller name than Samsung, SK Hynix, and Micron. data shows that Seagate’s revenue jumped by 42% in the last quarter to $3.5 billion.

Its guidance for the current quarter is that its revenue will jump by 42% to $3.75 billion.

In addition to these companies, the DRAM ETF will react to Magnificent 7 earnings reports.

These firms, including Meta Platforms, Microsoft, and Amazon, will provide more information about planned capital spending in the data center industry.

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