Micron and Sandisk shares are phenomenally ‘overbought.’ Are memory stocks flying too close to the sun? (opens original article in a new tab)

Micron and Sandisk shares have risen sharply due to strong AI demand and hardware backlogs, reaching overbought levels.

• Booming AI demand has driven Micron and Sandisk shares into overbought territory
• Historic hardware backlogs are supporting the ongoing stock rally
• Shares of memory companies are experiencing significant price increases