Micron's Broadcom‑Driven Drop Never Made Sense — Dip Buyers Are Up 40%

Micron Technology, Inc. (NASDAQ: MU ) shares took a hit in the aftermath of Broadcom Inc. 's (NASDAQ: AVGO ) second-quarter earnings release . The logic behind the selloff was sloppy at best — and the tape has since punished anyone who sold into it. MU stock is climbing. See the chart and price action here.   Dip buyers who stepped in near $751 are sitting on gains of roughly 43.1%. Micron trades at $1,074.66 as of Monday afternoon, within striking distance of its 52-week high, according to Benzinga Pro . What Broadcom Actually Said Broadcom’s Q2 transcript makes clear why the Micron selloff was misdirected.   CEO Hock Tan guided Q3 AI semiconductor revenue to approximately $5.1 billion, up 60% year over year. He went further, telling analysts that Broadcom “may actually see an acceleration of XPU demand into the back half of 2026 to meet urgent demand for inference.”  data-variant="card" data-news-mode="manual" > Read Also: Full story available on Benzinga.com