Micron shares fell 7.74% on June 4, closing at $996.00, after Broadcom maintained its full-year AI semiconductor revenue target of $100 billion.
According to NS3.AI, Broadcom reported fiscal Q2 revenue of $22.19 billion and guided for fiscal Q3 revenue of $29.4 billion.
Separately, Morgan Stanley raised its price target on Micron to $1,050, while Raymond James set a $1,100 target.
STOCKS | Micron Drops 7.74% After Broadcom Maintains $100 Billion Full-Year AI Chip Revenue Target
2026-06-05 15:09:14
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