On June 23, Kioxia Holdings fell 17.5% in pre-market trading, trading at $57.12/share, with turnover of $193,700. The stock had previously surged to become the top company by market capitalization among Japanese-listed firms for seven consecutive days before the sharp reversal.
The decline came amid a broad selloff in the semiconductor sector. Tokyo stocks plunged sharply on June 23, with the Nikkei 225 index falling 3.55%. AI and semiconductor-related stocks were broadly pressured, with Kioxia among the hardest hit in Japan. Market participants cited short-term overheating signals and intensified profit-taking after multiple consecutive days of gains. The market is currently focused on Micron Technology's upcoming quarterly earnings report to assess whether the AI-driven rally can be sustained.
Within the Semiconductors sector, individual stocks declined broadly. Among peers, Marvell Technology fell 7.55%, Intel fell 6.10%, Micron Technology fell 5.91%, Advanced Micro Devices fell 5.78%, and NVIDIA fell 2.25%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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