Quick Read – Broadcom’s Q3 AI chip guidance of $16 billion missed the $17.2 billion estimate, sending AVGO down 14% and dragging MU down 7% in sympathy. – SanDisk fell 3% and Western Digital dropped 2% as Broadcom’s underwhelming AI outlook spread contagion across the broader…
mory chip complex. – Micron’s revenue grew 57% last quarter and HBM orders stretch into 2027, but its 865% run amplifies every AI sentiment wobble. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Broadcom wasn’t one of them. Get them here FREE
Shares of Micron Technology (NASDAQ:MU) are down by about 7% to $1,004 in mid-morning trading on Thursday, June 4, after Broadcom (NASDAQ:AVGO) delivered an AI chip outlook that markets viewed as underwhelming. Broadcom shares are down 14% to $411 and change. The drop comes despite no Micron-specific news.
It’s evidently a sympathy move tied to Broadcom’s post-earnings reaction, which has pulled the entire memory and AI chip complex lower into late morning. The Broadcom stock slump is a trigger for today’s broad semiconductor reset. The AI capex narrative that powered MU stock’s parabolic run is being repriced in real time.