Broadcom's AI forecast miss drags memory names MU, SNDK, WDC as retail buys the dip
TL;DR
Broadcom’s forecast for AI chip revenue in Q3 came in below expectations and left its FY2027 outlook unchanged, triggering a broader dip in memory stocks MU, SNDK, and WDC as investors reassessed AI demand. Micron led the declines after Broadcom’s results, while retail traders on StockTwits swung MU to bullish as they bought the dip, though sentiment for SNDK and WDC remained bearish. Demand for memory chips remains strong with much of output already booked for the next two years.
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