Kioxia Shares Fall as Outlook Signals Demand May Be Levelling Off
Kioxia shares fell as much as 15% on Monday after its cautious outlook disappointed investors. The Japanese memory maker’s outlook raised concerns that AI-driven growth may be levelling off.
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 artificial intelligence may be levelling off.The Tokyo-based firm said Friday it expects operating profit o…