🔴 KIOXIA is trading 3.7% down today on memory-chip sector pullback and Apple demand concerns

KIOXIA is trading 3.7% down at ¥61,880 following a sector-wide pullback in memory-chip producers and renewed concerns over future hardware demand.

• Sentiment is being weighed down by reports that Apple may adopt memory-compression technology, which could significantly reduce its future requirements for DRAM and NAND components.
• The stock is also facing profit-taking pressure after substantial year-to-date gains and increased volatility within the AI-driven semiconductor space.