Serenity@aleabitoredditPost2026-07-16

Micron announced memory LTAs with Qualcomm, yet MU dropped 5.37%. The author suggests the

Micron announced memory LTAs with Qualcomm, yet MU dropped 5.37%. The author suggests the drop is due to deleveraging, not fundamental problems, implying a bullish view on memory and AI names.

“Today, $MU announced it signed memory LTAs with $QCOM. Interesting reaction to see Micron proceeded to drop 5.37% right after. Doesn’t quite feel like there’s anything individually wrong with memory or AI names with all these structural agreements signed? More like the tail end of deleveraging / margin cascades.”