🔴 KIOXIA is trading 8.5% down today on AI capex concerns and NAND oversupply fears

KIOXIA is trading approximately 8.5% down at ¥56,650 as investors cut exposure to memory stocks following renewed concerns around AI infrastructure spending and NAND oversupply.

• The sell-off follows Alphabet’s higher AI capital expenditure guidance, which has raised questions regarding the near-term returns on AI infrastructure investments.
• Sentiment toward NAND suppliers is under pressure as the broader tech sector pulls back, fueled by worries that massive infrastructure spending may not yield immediate profitability.