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

Micron stock experienced an unjustified selloff following Broadcom's Q2 earnings, as investors misinterpreted guidance about XPU margins as negative for HBM suppliers. Dip buyers who purchased near $751 are now up 43.1%, with Micron trading at $1,074.66. Broadcom's accelerator business doesn't compete with Micron's HBM supply, and Micron's 2026 HBM inventory is already sold out with 2027 negotiations underway.