Kioxia's stock price has plunged since reaching a record high in late June, falling from ¥112,750 to ¥63,100 today. The shares have dropped to their lowest level since May 29, mirroring the broader selloff across memory-chip stocks while significantly underperforming the Nikkei 225 Index.
Kioxia became Japan's most valuable listed company as the AI memory boom sent shares soaring. Bain's dealmaker says South Korea's chip champions benefit from faster, centralized decision-making.
Top Asian stocks in the memory industry retreated sharply today, July 2, as profit-taking gained steam. In Japan, Kioxia stock retreated to ¥75,160, down by 33% from its highest point this year.
Shares of Japanese chipmaker Kioxia slid 12% on Friday after a report that ChatGPT maker OpenAI was considering delaying its initial public offering sparked a selloff in AI-related shares.
Kioxia Holdings (KXIAY) remains a Buy, driven by an anticipated ADS listing and expanding long-term agreements (LTAs). Kioxia's U.S. listing, targeted for FY27, is expected to narrow its P/E discount vis-a-vis its peer Sandisk. Multi-year LTAs covering 50% of 2028 shipments provide meaningful revenue visibility, transforming Kioxia from a cyclical play to a more durable investment.
Global investors have focused on the performance of top memory stocks like Micron (MU), Sandisk (SNDK), and SK Hynix this year as they surpass their all-time highs each week. However, Kioxia stock, a top competitor, is beating all of them by a large margin.
This article focuses on an analysis of the partnership between SanDisk and Kioxia, outlining the strategic role of each company. Competitive advantages that form SNDK's "economic moat" have been identified, supporting the "Buy" rating. A detailed analysis of the financial statements for Q3 FY2026 reveals many interesting points.
I rate Kioxia Holdings as a 'Buy,' after assessing the value-accretive actions it has taken within and outside the company. KXIAY's minority investment in Nanya and extension of the Sandisk joint-venture have positive effects on its procurement and production capabilities, respectively. I also like how Kioxia has been optimizing its revenue mix, accelerating technology adoption, and reducing its net gearing over time.
Japanese memory chipmaker Kioxia and Pan Pacific International Holdings , which has major discount retailer Don Quijote under its wing, will be added to Japan's Nikkei from April, the publisher of the stock average said on Thursday.