Why Micron Stock Crashed Today

Easy come, casual go. After 4 consecutive days of going obscurity but up -- culminating successful a humble 1.5% summation Wednesday -- shares of Micron (NASDAQ: MU) banal took a U-turn this morning, falling 7.3% done 11:50 a.m. ET.

You tin astir apt blasted Broadcom (NASDAQ: AVGO) for that.

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How Broadcom Q2 net sank Micron banal

It's a shame, really. Just 1 time aft Morgan Stanley gave Micron its last boost -- much than doubling its terms people aft seeing DRAM prices spike done May -- Micron banal collapsed this greeting connected Broadcom's net quality and consequent 15% sell-off.

But however atrocious was this news, exactly?

Reporting net for its fiscal Q2 2026, Broadcom bushed expectations connected some income and earnings, reporting a pro forma nett of $2.44 per stock connected $22.2 cardinal successful sales. Management besides bushed forecasts for Q3 guidance, predicting income of $29.4 cardinal versus Wall Street's forecast of $28.5 billion. Broadcom reported 85% profits maturation successful the quarter, and escaped currency travel up 60% twelvemonth implicit year.

And this is the "bad" quality that's sinking Micron banal today?

What's adjacent for Micron?

It doesn't marque a batch of consciousness to me.

Running down the quarter, Broadcom CEO Hock Tan confirmed that the artificial quality gyration is live and well, pointing to 143% year-over-year maturation successful the company's AI semiconductor spot sales, and noting astir fractional the wealth Broadcom present makes comes from income for AI information centers.

To me, this implies that request for Micron's representation chips should stay likewise beardown and, according to Morgan Stanley's enactment conscionable yesterday, "there's nary speedy hole to the representation shortage," with observed prices inactive rising.

Long communicative short, I deliberation Micron's going to bash conscionable fine, and today's sell-off is conscionable a bump successful the road.

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