🔴 KIOXIA is trading 6.7% down today on AI spending caution and NAND oversupply concerns

KIOXIA is trading 6.7% down at ¥57,710 as investors sell off memory stocks amid renewed AI-spending caution and concerns over NAND oversupply.

• Broader technology sentiment has weakened following a sharp decline in the U.S. Nasdaq on July 23.
• Traders are increasingly questioning the durability of the AI infrastructure rally, weighing on high-growth tech sectors.
• The sell-off reflects a shift in market confidence regarding the immediate returns on AI-related capital expenditures.