On June 25, KIOXIA Holdings fell 3.13% in regular trading, trading at $55.495/share, with turnover of $123 million. The decline extends the sharp correction that began on June 23, when the stock plunged over 21% in a single session.
On the news front, investment bank Bernstein maintained its Underperform rating on KIOXIA, projecting approximately 50% downside from recent levels. The firm argues that the company's current elevated gross margins reflect a temporary supply-demand imbalance rather than sustainable structural improvement, forecasting that NAND flash prices will peak around 2027 with gross margins subsequently normalizing to approximately 30%. The bearish thesis contrasts with JPMorgan's recent bullish stance, which raised its target price by nearly 94% citing earnings growth catalysts.
Within the Semiconductors sector, stocks were broadly under pressure, with Micron Technology down 2.67%, Advanced Micro Devices down 1.84%, Intel down 1.19%, NVIDIA down 0.95%, while Broadcom gained 0.27%.
(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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