Business

Micron and Sandisk Shares Overbought Amid AI Demand

Updated 2026-06-16 12:25 UTC 1 source Neutral

Micron and Sandisk shares have surged due to booming AI demand but are now considered overbought. Backlogs in hardware production are supporting the rally, despite potential risks.

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MarketWatch

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.

2026-06-16 12:06 UTC