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Kioxia Shares Sink After Outlook Shows Demand Leveling Off
First reported by Bloomberg ·
The signal
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Brief pending · reported by Bloomberg, the single source so far
What happened
Kioxia Holdings Corp.’s shares fell as much as 15% on Monday after the Japanese memory maker’s cautious outlook flared up concerns that the explosive growth driven by artificial intelligence may be le...
Source description shown. AI brief pending.
Kioxia
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Kioxia Shares Tumble After Outlook Suggests Demand Leveling Off
bloomberg.com · 2h ago · ●○○○
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NAND maker Kioxia reports FY Q2 operating profit up 22x YoY to ~$12.7B, in line with est., but forecasts Q3 operating profit of ~$12.7B, below ~$14.9B est.
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