Kioxia stock: Why Japan's memory giant is sliding despite record demand

Kioxia shares have slid from a late-June record high of ¥112,750 to ¥63,100, a decline of roughly 44%, hitting the lowest level since May 29. The selloff mirrors a broader downturn in memory-chip stocks, and Kioxia is materially underperforming the Nikkei 225 during the same period.

Analysis

Kioxia shares have slid from a late-June record high of ¥112,750 to ¥63,100, a decline of roughly 44%, hitting the lowest level since May 29. The selloff mirrors a broader downturn in memory-chip stocks, and Kioxia is materially underperforming the Nikkei 225 during the same period.