KIOXIA is trading 9.2% down at ¥56,170 as the recent AI-driven rally in memory stocks unwinds and investors question the near-term returns from heavy infrastructure spending.
- Sentiment has been hit by growing concerns regarding NAND flash oversupply across the sector, weighing on the broader memory market.
- The decline follows a period of sharp gains for the stock, prompting significant profit-taking after months of outperformance.