KIOXIA is trading 9.9% down at ¥55,760 as investors rotate out of memory-chip names amid growing concern about returns on heavy AI infrastructure spending and the risk of future NAND oversupply.
- Alphabet’s aggressive AI capital expenditure plans have heightened market anxiety that AI-related memory demand may not justify current valuations and capacity expansion.
- The move comes amid a broader technology sector selloff, with investors increasingly questioning the immediate return on investment for massive AI infrastructure build-outs.