<div id="readability-page-1" class="page"><div><p>The <span id="SpecialReportArticle-QuoteInBody-1">Roundhill Memory ETF (DRAM)<span><span id="-WatchlistDropdown"></span></span></span> just hit $9.8 billion in assets under management in 43 days— the fastest pace ever for an exchange-traded fund, according to TMX VettaFi.</p><p>Ahead of Thursday's milestone, the CEO of Roundhill Investments told CNBC's &#34;ETF Edge&#34; the rapid growth is tied to the limited number of companies involved in producing high-bandwidth memory or DRAM chips. They're considered integral to the artificial intelligence revolution.</p><p>&#34;Investors are waking up to the fact that the biggest bottleneck in the AI build-out is actually memory chips,&#34; Dave Mazza said Monday. &#34;There's an incredible amount of supply and demand imbalance with memory which is one of the reasons why the stocks have been performing so well.&#34;</p><p>Mazza notes just a small number of companies are involved in making high-bandwidth memory chips.</p><p>&#34;This is an area where memory has historically been incredibly cyclical. We've seen boom-and-bust cycles. And, one of the reasons why it was so cyclical is memory is actually found everywhere — in your smart TV to your phone in your car,&#34; he said. &#34;What's changed is actually data centers and the growth and build-out of AI.&#34;</p></div><p>Mazza estimates the supply and demand imbalance could extend into 2028 due to AI demand and the data center hyperscaler build-out. </p><div><p>In a special note to CNBC, TMX VettaFi's Todd Rosenbluth reacted to the DRAM's popularity, which is considered the hottest ETF since bitcoin mania. </p><p>&#34;I'm shocked by the rapid adoption of the ETF, as memory stock demand through an ETF was not pent up like it was for bitcoin exposure,&#34; the firm's head of research and editorial wrote on Thursday. &#34;Thematic ETFs continue to gain traction by offering exposure to fast-growing companies.&#34;</p><p>Citi Research's Drew Pettit is confident that the strong run will continue.</p><p>&#34;The price momentum has earnings momentum backing. So, this is the place where we have seen the best earnings revisions this year in the United States and globally,&#34; the firm's research director of U.S. equity and ETF strategy told &#34;ETF Edge&#34; in the same interview Monday with Mazza. &#34;If we're up 300%, but your earnings expectations are up six-to-eightfold for the next few years, it still comes back reasonably priced to us.&#34;DRAM is under pressure during Friday's trading. But it's up more than 80% since its inception.</p><p>DRAM is under pressure during Friday's trading. But it's up more than 80% since its inception.</p></div><div><p>Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.</p></div></div>

<p>The Roundhill Memory ETF (DRAM) reached $10 billion in assets, the fastest for an ETF, driven by demand for high-bandwidth memory chips crucial for AI. CEO Dave Mazza highlighted a supply-demand imbalance that may last until 2028. Despite recent trading pressure, DRAM has surged over 80% since inception, reflecting strong earnings momentum and investor interest in thematic ETFs.</p>

'Biggest bottleneck in the AI buildup' fuels DRAM ETF to record