NAND maker Kioxia's shares fell up to 15% on Monday after its cautious Q3 outlook disappointed investors, raising concerns that AI-driven growth may be slowing (Bloomberg)
Kioxia Holdings Corp.'s shares fell by their most in three months after the Japanese memory maker's cautious outlook inflamed concerns …
Shares of NAND maker Kioxia Holdings Corp. fell up to 15% on Monday. According to Bloomberg, this drop represents the company's largest decline in three months and followed a cautious third-quarter outlook that disappointed investors. The outlook has raised concerns that AI-driven growth may be slowing.
The Mainichi reports that Tokyo stocks opened lower on Monday following the release of Kioxia's earnings results late last week. This occurred amid growing concerns regarding the sustainability of massive investment in artificial intelligence.
Brief written by urgent.news from Techmeme, The Mainichi — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
