🔴 KIOXIA is trading 9% down today as AI-development slowdown fears undermine memory-demand expectations

KIOXIA is trading at $32.26, down -9.00%, as AI-development slowdown fears undermine expectations for AI-related memory demand.

• Leaders at Anthropic and OpenAI urged a slower pace of advanced AI development.
• The selloff was sector-wide, with Kioxia falling alongside semiconductor and memory stocks as broader tech markets weakened.
• Trading was highly active amid the unusually large intraday decline; reliable volume data was unavailable.