Americas ETF News
you are currently viewing:Defiance Launches PRAM, the First U.S.-Listed ETF to Combine Memory and Photonics*August 27, 2026-Defiance ETFs, a leader in thematic and income ETFs,today announced the launch of the Defiance Memory & Photonics ETF (Cboe: PRAM), the first U.S.-listed ETF to combine memory and photonics in a single fund.* PRAM seeks to track the Solactive Memory and Photonics Index, providing targeted exposure to the two layers of AI infrastructure beyond compute: the semiconductors that store data and the optical technologies that move it. The AI buildout to date has been priced around processors, but models do not run on compute alone. Every training run and every inference request depends on data being stored, retrieved, and moved at extraordinary speed. That work falls to two adjacent layers of the stack: memory, the semiconductors and storage hardware that hold data and feed it to accelerators, and photonics, the optical technologies that move data between chips, servers, and data centers using light. Source: Defiance ETFs |
