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Kioxia's market capitalization has evaporated by nearly 40 trillion JPY, with its stock price plummeting 16% last Friday and falling out of Japan's top three by market cap, due to the fading AI storage narrative and the rise of Chinese NAND manufacturers.
Kioxia, Japan's leading NAND flash manufacturer, is undergoing a dramatic valuation restructuring. The company's market capitalization has evaporated by nearly 40 trillion yen ($253 billion) from its
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Kioxia's market capitalization has evaporated by nearly 40 trillion JPY, with its stock price plummeting 16% last Friday and falling out of Japan's top three by market cap, due to the fading AI storage narrative and the rise of Chinese NAND manufacturers.
Kioxia, Japan's leading NAND flash manufacturer, is undergoing a dramatic valuation restructuring. The company's market capitalization has evaporated by nearly 40 trillion yen ($253 billion) from its
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