KIOXIA is trading 5.72% down at $6.43 after its October–December operating-profit outlook fell short of analyst expectations.
- Projected operating profit was ¥2 trillion, below analyst expectations near ¥2.35 trillion; revenue was forecast to rise 0.8% sequentially.
- Reports also cited delayed data-center shipments and slower NAND price growth.
- Memory-sector weakness and election-related worries about AI infrastructure regulation added pressure on November 4, despite gains in major U.S. indexes.