$7 Billion Gone: DRAM ETF Investors Crushed As Memory Chip Mania Unravels
DRAM ETF investors face $7 billion in estimated losses as a 40% plunge rattles the artificial intelligence memory chip trade.
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U.S. futures rose, but NetApp fell 8.2% after earnings. Ultragenyx plunged 45% on a failed trial; HPE, Methode and others also traded lower premarket.
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DRAM ETF investors face $7 billion in estimated losses as a 40% plunge rattles the artificial intelligence memory chip trade.
The UK Medicines and Healthcare products Regulatory Agency (MHRA) has accepted the Marketing Authorisation Application for Ultragenyx's investigational gene therapy, rebisufligene etisparvovec, for the treatment of MPS IIIA.
SK Hynix shares experienced a significant decline as part of a broader technology sector sell-off triggered by concerns over artificial intelligence infrastructure spending.
Ultragenyx announced that the UK Medicines and Healthcare Products Regulatory Agency (MHRA) accepted its Marketing Authorisation Application for rebisufligene etisparvovec (UX111), an investigational gene therapy for MPS IIIA (Sanfilippo syndrome Type A). The company has also coordinated with NICE to align the evaluation timeline with the regulatory review process. The therapy received FDA approval in September 2026 and is also under review by the European Medicines Agency.