KIOXIA is trading 13.8% down today at $25.99 as volatility spikes following news of upcoming single-stock leveraged ETFs and a broader downturn in the memory-chip market.
- U.S. issuers are reportedly preparing multiple leveraged ETFs tied to KIOXIA, a move expected to amplify price swings and contribute to current volatility.
- The wider semiconductor and DRAM sectors are facing a sell-off driven by concerns over peaking memory prices, heavy AI capital expenditures, and increasing competition from Chinese manufacturers.