KIOXIA is trading at ¥55,760 (-9.89%) as investors rotate out of memory-chip names following concerns regarding AI infrastructure returns and NAND oversupply.
- The broader tech sector faced significant pressure as the Nasdaq fell 2.15% on Thursday, driven by growing skepticism over the immediate returns on massive AI capital expenditures.
- Market sentiment for semiconductors remains fragile, with the current move appearing to be a result of global risk-off positioning rather than any company-specific news.