KIOXIA is trading 9.8% down at ¥55,800 as investors rotate out of memory-chip names amid rising concern about AI infrastructure spending returns and a potential NAND oversupply.
- The drop follows a broader tech selloff triggered by Alphabet’s aggressive AI capex plans, which have heightened market worries regarding the profitability and demand sustainability for high-cost AI investments.
- Sentiment across the semiconductor sector has weakened as analysts scrutinize the long-term returns on massive capital expenditures required for AI and memory infrastructure.