Amazing May To Be Followed by Phenomenal June?
πππIt is simply amazing that despite the Iran War, May 2026 will go down in history as the best May ever with a clean sweep of record shattering all time highs for the US indices. On Friday May 29 2026, the Nasdaq Composite closed at a record 26,972.62, the S&P500 finished at 7,580.06 and the Dow Industrial Average landed at 51,032.46.
But behind that glittering curtain lies a terrifying statistical anomaly. Only 4% of individual stocks actually made new highs.
Out of this top heavy illusion, 2 massive unstoppable thematic liftoffs emerged. May was a tale of 2 distinct hardware and software empires. As we go into June, they are setting a high velocity tug of war for institutional capital.
The Undisputed King of May: The DRAM HBM Super Cycle
The semiconductor sector was the absolute uncontested King of May. It is no longer treated as a gritty cyclical industrial commodity. The memory chips have been completely repriced as mandatory sovereign infrastructure.
Leading the charge was the $Roundhill Memory ETF(DRAM)$ which put on a masterclass in capital compounding. DRAM skyrocketed by an astonishing 56.4% in May alone, to close at an all time high of USD 63.20.
This historic run cemented DRAM ETF as the fastest growing thematic product launch in history, sprinting past a massive USD 12.1 billion in Assets Under Management in less than 60 days from its April debut.
The Silicon Squeeze: Why Memory Dominates
High Performance Artificial Intelligence accelerators cannot compute large language models without High Bandwidth Memory (HBM). Because the physical fabrication of this high grade silicon is entirely monopolized by a small cartel , these suppliers possess absolute pricing power to continuously expand their net cash margins into June.
DRAM ETF holds the creme de la creme of the memory stocks in just 1 powerful ETF. The Top holdings include the Big 3: Micron at 28.2% weightage, SK Hynix at 27.11% and Samsung Electronics at 17.91%. That is 73.22% weightage for just 3 stocks.
The rest includes Kioxia Holdings, SanDisk, Seagate Technology, Western Digital and many more. Total number of holdings is 15.
DRAM is an actively managed ETF with an expense ratio of 0.65%. It currently does not pay dividends but look at its performance - 127.67% since its launch on April 2 2026!
Micron Was the Star of May 2026
$Micron Technology(MU)$
To put the raw emotional scale of this achievement into perspective, it took Micron just 48 trading days to double its market capitalisation from USD 500 billion to USD 1 trillion. This legendary velocity completely shatters the previous historical world record of 82 days set by Samsung, and smashed the record set by NVIDIA at 180 days, Meta at 104 days and Apple at 728 days.
The message is loud and clear: Memory is no longer a boring, cyclical commodity. It is a strategic sovereign infrastructure.
The Catalyst that Re-Rated Micron to the Moon
The spark that ignited this historical multi billion dollar explosion occured on Tuesday May 26, when Micron shares surged 19.3% in a single trading session, closing at an unprecedented USD 895.88 and pushing its market cap to USD 1.01 trillion.
The rocket fuel was delivered straight from the research desk at UBS, which tripled its price target on Micron from USD 535 to a staggering USD 1,625 per share.
Can Micron Sustain Its Performance?
Unlike speculative software bubbles, Micron's massive run is backed by physical fundamentals. Micron's entire HBM capacity for 2026 is completely sold out, forcing hyperscalers like Microsoft, Meta and Alphabet to sign long term fixed price agreements just to secure allocations.
Analysts are forecasting adjusted earnings to explode past USD 105 per share by fiscal 2027, a staggering 1,200% acceleration over prior cycles.
Micron's Vertical Ascent Has Caused Major Indices and Thematic ETFs to Jump too.
Share Price Performance: Micron closed out the month of May at a fresh historic high of USD 971 per share, locking in a breathtaking 850% trailing 12 month return. It was the absolute primary force lifting benchmark S&P500 into record territory in May.
DRAM ETF Lift: Micron's vertical run directly crowned DRAM ETF as the best performing ETF for May, exploding 56.4% to close at USD 63.20. Micron is the top holding of DRAM with 28% core allocation, allowing diversified investors to harvest its historic re-rating on autopilot.
The June Rebound Challenger: The IGV ETF's SaaS Revolution
While semiconductors ruled May, June is shaping up to be the month of a massive institutional rotation into select software and SaaS stocks, marking a grand exit from the SaaS apocalypse narrative.
Following a brutal multi month beatdown over existential AI disruption panic, the software sector staged its strongest monthly performance since October 2001. $iShares Expanded Tech-Software Sector ETF(IGV)$ skyrocketed an astonishing 21% in May to close the month at an all time high of USD 101.66. This astonishing trend reverse was ignited by $Snowflake(SNOW)$
IGV packages 111 of America's elite software companies into a single diversified powerhouse. Backed by an efficient expense ratio of 0.39%, IGV share price action completely reversed a painful multi month base near USD 73.93, firmly reclaiming its bullish multi year moving averages.
This technical liftoff is driven entirely by IGV's top 10 holdings:
Microsoft, Oracle, Palantir, Salesforce, Palo Alto Networks, AppLovin Corp, Crowd strike Holdings, Adobe, Intuit and Synopsys.
The Turbo Charged Double Play of IGV
The smart money is rotating capital out of overextended semiconductor charts to capture a double play on software stocks. Firstly, these software companies win because their actual earnings are spiking as they successfully monetise AI. Secondly, they win because Wall Street realises the AI doom narrative was fake.
Will the Trajectory Continue into June?
Yes both the DRAM hardware bottleneck and the IGV software rebound are fundamentally primed to extend their advances directly across June.
The Leveraged Memory Multiplier:
The Leveraged Shares 2x Long Memory Daily ETF will be launched by Themes Trust in June 2026. This high velocity derivative backed vehicle is designed specifically to capture and double (200%) the explosive daily price action of DRAM ETF. This ETF essentially concentrates double the financial weight onto a highly restricted 9 stocks dominated by SK Hynix , Samsung Electronics and Micron.
The Software Valuation Vacuum
Institutional funds are now realising that the market painted the entire software industry with a panicked brush, creating a beautiful clearance rack opportunity to buy elite software companies at a steep discount.
Concluding Thoughts
Investors who sold in May and go away, may have missed out on the incredible performance of the S&P500 and Nasdaq reaching their all time highs.
June is not a month to retreat into cash as it will be jam packed with more exciting events ahead. Investors can look forward to SpaceX IPO historic launch on June 12 2026. This will be the largest IPO ever with a USD 1.8 trillion debut.
DRAM and IGV ETFs are set to continue their upward trajectories straight through the month of June. We are witnessing a unique market phenomenon: a high velocity tug of war where DRAM represents the absolute physical bottleneck of the AI infrastructure boom, while IGV represents the ultimate value clearance rack as institutional capital rotated back into enterprise software.
Let's get ready to deploy our war chests for June!
@Tiger_comments @TigerStars @Tiger_SG @WallStreet_Tiger @CaptainTiger @TigerClub
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