🔴 KIOXIA is trading 7% down today on AI-spending caution and NAND oversupply concerns

KIOXIA is trading 7% down today at ¥57,570 as investors cut exposure to memory names amid renewed AI-spending caution and NAND oversupply concerns.

• The stock is reacting to a sharp technology selloff following Alphabet’s AI capex guidance, which has led traders to question near-term returns on AI infrastructure investments.
• Market participants are rotating out of high-beta semiconductor plays like KIOXIA as sentiment shifts regarding the sustainability of current AI-related capital expenditure levels.