By Erica Kollmann
Publication Date: 2026-06-15 17:29:00
The logic behind the selloff was sloppy at best — and the tape has since punished anyone who sold into it.
Dip buyers who stepped in near $751 are sitting on gains of roughly 43.1%. Micron trades at $1,074.66 as of Monday afternoon, within striking distance of its 52-week high, according to Benzinga Pro.
What Broadcom Actually Said
Broadcom’s Q2 transcript makes clear why the Micron selloff was misdirected.
CEO Hock Tan guided Q3 AI semiconductor revenue to approximately $5.1 billion, up 60% year over year. He went further, telling analysts that Broadcom “may actually see an acceleration of XPU demand into the back half of 2026 to meet urgent demand for inference.”
He confirmed the 60% AI revenue growth rate seen in fiscal 2025 should “sustain into fiscal 2026.”
Broadcom’s accelerator story is about custom XPUs and Ethernet networking — not high-bandwidth memory. Broadcom does not compete with Micron for HBM supply.
Tan’s commentary on inference acceleration is,…
