Kioxia Holdings Corp.’s shares fell as much as 15% on Monday after the Japanese memory maker’s cautious outlook disappointed investors, flaring up concerns that the explosive growth driven by...
Kioxia shares fell up to 15% after a cautious profit outlook disappointed investors, fueling worries that artificial intelligence-driven growth may be leveling off.
Some Kioxia orders slipped to the March quarter due to longer enterprise storage lead times.
Kioxia's latest results show how AI infrastructure spending is reshaping the NAND flash business, lifting profitability even as consumer demand weakens. Its nearly flat outlook for the next...
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