MU is overbought on all time frames

Although Micron Technologies will likely be a noteworthy player in the AI and semiconductor space, one of the biggest concerns is that Micron will not have sufficient capacity to meet the surge in AI-related demand, given the company’s muted capital spending in recent years. 

Currently, MU is overbought (even RSI > 80) on all time frames, including daily, weekly and monthly. It has a higher RSI than any other semiconductor stock.