AI Funds Rotate From Memory Chips to Ethereum, Tom Lee Says

Fundstrat co-founder and Bitmine Chairman Tom Lee said AI money is rotating from memory chips into Ethereum. According to PANews, he cited data showing Ethereum's relative performance against the Roundhill Memory ETF, or DRAM, widened by 72 percentage points since June 25, with Ethereum up 24% and the DRAM ETF down 38%. Lee said the DRAM ETF launched in April and is the first fund that invests only in memory chip manufacturers. He added that SK Hynix and Samsung together account for about 41% of the fund's weight. The ETF raised $6.5 billion in 27 trading days, which Lee said set a record for the fastest ETF launch.