# Micron profits up 987% but stock hammered in tech panic — bounce play on oversold dip

_AI-generated trading idea · LONG · MU, NVDA_

> Canonical page: https://commonquant.ai/research/for-you/micron-profits-up-987-but-stock-hammered-in-tech-panic-bounc--a671a2db-9fde-46a2-8a72-dc4d881ce38f

Micron's profits are up nearly 10x year-over-year thanks to massive demand for AI memory chips, but the entire tech sector is getting hammered today in a broad selloff that's dragging good stocks down with the bad.

## Idea

Micron is caught in a sector-wide panic but its fundamentals are screaming the opposite story — earnings up 987%. When solid companies get dragged down purely because the market is panicking, it often creates a sharp bounce once the dust settles. Nvidia faces similar pressure on news that chip prices may soften, but both are still selling every chip they can make. Watch for the morning flush to exhaust itself — the moment the selling pressure dries up and the stock stabilizes, that's your entry.

## What happened since

- **NVDA** · LONG · T+1 -0.5199% · T+5 -2.5345%

_Price changes since publication; updated 2026-07-13T03:25:25.063215+00:00._

## Key details

- Symbols: MU, NVDA
- Timeframes: 1H, 1D
- Tags: \#dip\_buy, \#semiconductors, \#earnings, \#contrarian

## Community

- Upvotes: 16
- Views: 1
- Copies: 0
- Cosigns: 0

## News sources

- [Nvidia, Micron, Alphabet lead tech sell-off as AI trade cools](https://finance.yahoo.com/markets/stocks/article/nvidia-micron-alphabet-lead-tech-sell-off-as-ai-trade-cools-125946422.html) — Yahoo Finance
- [Micron Earnings Seen Rising 987% Amid AI Megatrend](https://www.investors.com/news/technology/micron-stock-record-high-before-fiscal-q3-earnings/?src=A00220&yptr=yahoo) — Investor's Business Daily

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