2x Micron ETF (MUU) Lost 26.65% in One Day as Broadcom Failed and Rates Soared
Quick reading MUU lost 27% in a single session while MU fell 13%, even though the stock remains 203% higher year-to-date. Broadcom’s AI earnings guidance missed buy expectations by 7% and sent AVGO down 20%, while NVDA fell just 6% on Friday. Micron’s June 24 earnings are the binary event. Soft HBM prices confirm a…