Micron and Sandisk Shares 'Overbought' Amid AI Demand

Shares of Micron and Sandisk are considered 'phenomenally overbought' due to booming AI demand, though historic hardware backlogs are sustaining their rally.

16 Jun, 12:06 — 16 Jun, 12:06

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marketwatchMostly Factual4d ago

Micron and Sandisk shares are phenomenally ‘overbought.’ Are memory stocks flying too close to the sun?

Booming AI demand has sent Micron and Sandisk shares far into overbought territory, but historic hardware backlogs are sustaining a rally.

By Christine Ji

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Micron and Sandisk Shares 'Overbought' Amid AI Demand

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Micron and Sandisk shares are phenomenally ‘overbought.’ Are memory stocks flying too close to the sun?

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