🔴 KIOXIA is trading 13.9% down today on NAND oversupply and cooling AI memory demand

KIOXIA is trading at ¥38,380, down 13.9% following a sharp selloff driven by worsening NAND oversupply and cooling expectations for AI-driven memory demand.

• The move reflects a broader slump in the memory-chip sector, which saw double-digit losses following a significant earnings miss from SK Hynix.
• Investors are increasingly concerned about rising competition from China’s CXMT as it moves toward an IPO, potentially further saturating the global memory market.