SanDisk shares surge 5,302% since 2025 spinoff as RSI hits 99

SanDisk (SNDK) has gained 5,302% since its 2025 spinoff, with its RSI reaching 99 as of June 12, signaling extreme overbought conditions. The stock rose another 5.93% in the June 15 premarket to $2,097.57, taking its year-to-date gain to 619.41%. The report cites stretched technicals alongside debate over the costs of AI applications, talk of cutbacks by major users such as Meta, and added uncertainty tied to an Iran-U.S. MOU as factors that could raise near-term pullback risk.