🔴 KIOXIA is trading 9% down today on AI spending concerns and NAND oversupply

KIOXIA is trading approximately 9% down at ¥56,310 as investors rotate out of memory names on renewed worries about AI infrastructure spending and NAND oversupply.

• Alphabet’s higher AI capex guidance has prompted broader questions about near-term returns on AI data center build-outs, pressuring sentiment toward NAND suppliers like KIOXIA.
• The stock is also being weighed down by sector-wide concerns regarding elevated inventory levels and potential pricing headwinds.