Chipmaker Kioxia’s Market Value Halves From Peak on AI Selloff
The memory-chip maker lost about $185 billion in value as investors questioned whether AI demand can sustain its rapid earnings growth.
9 Articles
9 Articles
The wave of selling in tech giants' stocks spread from Wall Street to Asia today, with Kioxia shares falling more than 14%.
Global stocks slump as AI chip fears, energy worries grip markets
Concerns about chip stocks and energy prices have gripped markets.Michael M. Santiago/Getty ImagesGlobal stocks fell on Friday as investors fretted about tech stocks and energy prices.AI chip stocks tumbled in Asia as sky-high valuations and rising volatility spooked markets.Japan's Kioxia has lost half its value since peaking after a blockbuster AI-fueled stock surge.Global stocks slid on Friday as investors soured on tech stocks and worried ab…
Japan's storage chip manufacturer Kioxia loses half of its value in just over three weeks. This creates an ever-increasing gap between price targets and reality.
Chipmaker Kioxia’s Market Value Halves From Peak on AI Selloff
Japanese memory chipmaker Kioxia Holdings Corp.’s market capitalization halved in just a month since becoming the nation’s most valuable company, on growing concerns the AI-driven rally in the sector has gone too far.
With the Nikkei average plummeting and turmoil spreading to AI-related stocks, has the market truly come to an end? This bullish author believes the AI market will continue, and will present his reasoning.
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