So I was reading some market news today and came across this.
There is a fund in the US launched about 2 months back that invests in memory chip companies. The chips that go inside your phone, laptop, and every AI server out there. The fund ticker is $DRAM if anyone wants to look it up.
This fund has already grown to $10 billion. Even the Bitcoin ETF, which was a big deal when it launched, took more time to hit this number. This one did it faster than any fund ever has. And it is up 84% since launch.
The reason is every AI tool you use, ChatGPT or anything else, runs on servers that need a massive amount of memory. As AI grows, demand for these chips keeps going up.
Investors in the US are putting serious money behind this theme. So, anyway we can put money in this?
I checked and the closest options I found are funds like NASDAQ 100 or FANG+ but those are US tech company. I need more focused on AI specifically.
Anyone in India found a way to get into this?
