Direxion Daily MU Bull 2X Shares (MUU) fell 26.65% in one day following a 13% drop in Micron Technology (MU) stock, reflecting the fund's 2x daily leverage. The sharp selloff was triggered by Broadcom's weaker AI chip revenue guidance and strong US job data that revived rate hike concerns, hitting semiconductor stocks hard. Micron's fundamentals remain strong, but memory chip cyclicality and supply expansions by competitors add pressure. Investors await Micron's June 24 earnings report for clarity on whether the selloff signals a cycle break or a temporary dip.
On June 8, three major Wall Street analysts issued bullish 12-month price targets for SanDisk stock, with estimates ranging from $2,100 to $2,900. Bank of America raised its target to $2,100 citing strong pricing and demand, while Mizho highlighted A...
Micron Technology's stock rose sharply after a recent chip-sector selloff, signaling renewed investor interest in the memory chip market. Analyst C.J. Muse from Cantor Fitzgerald noted that the memory trade remains strong, with long-term supply agree...
Memory and storage stocks like Micron, Western Digital, and SanDisk surged Monday morning, recovering part of Friday's steep losses. The bounce is driven by technical factors, with traders covering shorts and re-entering positions after a sharp senti...
The SPDR S&P Semiconductor ETF (XSD) fell 11.27% on June 5, 2026, its worst session in years, driven by a broad selloff across semiconductor stocks rather than just Broadcom's decline. Broadcom reported strong AI revenue growth but slightly missed hi...
The Roundhill Memory ETF fell 15% on June 5, 2026, after a two-day 20% drop driven by concerns over AI semiconductor demand and rising interest rates. Broadcom's weaker-than-expected AI revenue guidance and a strong May payroll report raised fears of...
