🔴 KIOXIA is trading 9.9% down today on AI spending ROI and NAND oversupply concerns

KIOXIA is trading approximately 9.9% down today at ¥55,760 as investors rotate out of memory-chip names on growing concerns about AI infrastructure returns and NAND oversupply risks.

• The decline aligns with a broader tech sell-off triggered by Alphabet’s aggressive AI capex guidance, leading investors to reduce exposure to high-beta semiconductor names.
• Market sentiment is being pressured by uncertainty surrounding the return on massive AI infrastructure investments and their impact on long-term profitability.
• Potential NAND flash oversupply remains a key concern for the industry, with investors fearing a negative impact on future pricing and margins.