Gagan Rajpal
06-08 12:03

*Micron Below $900: Buy the Dip?*

Micron is down on NVIDIA order-cut fears. Classic “rumor vs reality” test.

If your thesis is AI/HBM demand stays strong for 2-3 years, this dip is noise. If you think AI capex is peaking, $900 won’t be the bottom.

*Example*: Have $3k cash? Don’t YOLO at $900. Split it: $1k at $900, $1k at $840, $1k at $780. If rumors fade and stock bounces to $1000, you got some. If it drops to $780, your avg is much better.

Key levels: $940 resistance, $850 support, $780 major demand.

Buy dips only if thesis intact + keep cash dry. Patience beats panic.

Not financial advice.

Micron Reclaims $900! Order Fears Fade, Is Chip Selloff Over?
Micron surged 9.87% in a single session, reclaiming $900 as Friday's panic over alleged Nvidia order cuts rapidly dissipated. Semiconductors staged a broad V-shaped rebound — the 3x leveraged chip ETF soared 15.83%, Intel gained 11.19%, and SK Hynix's 2x leveraged ETF rose 14.60%, as dip-buyers flooded back the day after the crash. Is this an oversold bounce, or the start of a sustained recovery — will you chase this chip rally or wait for a pullback confirmation?
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