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?