Kioxia Shares Plunge 12%, Following Reported OpenAI IPO Delay

Kioxia Holdings shares plummeted 12% on Friday.

The decline followed reports that OpenAI is considering delaying its initial public offering.

Investor anxiety sparked a broader sell-off across the technology sector.

Other Japanese AI-related stocks including SoftBank Group and Advantest also declined.

Kioxia produces NAND flash memory used extensively in AI infrastructure.