🔴 KIOXIA is trading 9.3% down today on AI spending concerns and NAND oversupply fears

KIOXIA is trading at ¥56,110, down 9.3%, as investors rotate out of memory-chip names amid renewed worries about AI infrastructure spending and NAND oversupply.

• Alphabet’s higher AI capex guidance has raised skepticism about near-term returns, driving a broader derating of AI hardware beneficiaries.
• The stock is facing significant pressure alongside other semiconductor peers as market sentiment shifts regarding the sustainability of AI-driven growth.