On May 12, I wrote about Micron's relative strength index, or RSI, hitting 85. That was one of the most extreme overbought readings on the daily chart, before the stock pulled back over 7% during the session to breathe. The technical signal was real. So was the concern about chasing a stock up 700% in a year.

Bank of America just got even more bullish on CoreWeave (CRWV), spearheaded by the market's insatiable demand for AI infrastructure.