Wire · operational-macro
Defiance Launches PRAM, the First U.S.-Listed ETF to Combine Memory and Photonics
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Fusion42 · 27 August 2026 · Fusion42 review
Defiance ETFs launched PRAM, the first U.S.-listed ETF combining memory semiconductors and photonics technologies, targeting AI infrastructure data storage and movement layers. The fund tracks the Solactive Memory and Photonics Index with diverse global semiconductor and photonics companies.
This Wire brief sits within Fusion42's coverage of Semiconductors.
◆ ◆ The Wire takeaway
You see demand growing beyond processors in AI infrastructure. PRAM simplifies access to key memory and photonics firms, opening a clear investment path into the multi-layer data economy of AI.
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1 source · 27 Aug 2026
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