Memory Trade Reprices Fast Tuesday drove most of this week’s rebound, with the Roundhill Memory ETF (DRAM) posting its best day in over a month. Asian memory names followed on Wednesday. The focus now shifts to Alphabet’s earnings today. In April, it raised its 2026 CapEx guidance to $180B-$190B and signaled a significant increase in 2027. Any hint that spending is starting to pause could hit the broader AI and semiconductor trade.
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