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Kioxia profit outlook trails estimates as memory price boom fades
Original: Kioxia Holdings delivered a profit outlook that trailed estimates, warning that an AI-fueled surge in flash memory chip
Kioxia Holdings issued a profit forecast that came in below analyst estimates, cautioning that the AI-driven surge in flash memory chip prices is losing steam after several quarters of rapid growth. The warning from the Japanese chipmaker, one of the world's largest NAND flash producers, comes as investors reassess how long artificial intelligence demand can keep lifting memory prices and supplier earnings.
Why now: Investors are watching for signs that the AI-driven memory boom, which has powered chipmaker profits, may be cooling.
Kioxia HoldingsJapanNAND flash memoryartificial intelligence
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