On July 1, KIOXIA Holdings fell 11.16% in regular trading, trading at $53.38/share, with turnover of $17.51 million. The stock experienced accelerated downside pressure as broad semiconductor sector weakness combined with persistent investment bank bearish sentiment and profit-taking following the full digestion of its US listing catalyst.
On the news front, international investment bank Bernstein maintained its Underperform rating on KIOXIA, estimating approximately 50% downside from current levels. The firm argued that the company's elevated gross margins are driven by a temporary supply-demand gap representing cyclical tailwinds, and that NAND flash memory prices are likely approaching a peak before rolling over. Additionally, KIOXIA had surged over 17% on June 25 after announcing plans for a US main board listing, but the positive catalyst has since been fully absorbed by the market, with the stock retracing gains in subsequent sessions.
Within the Semiconductors sector, the overall sector declined broadly. Among individual stocks, Micron Technology down 5.07%, NVIDIA down 2.46%, Advanced Micro Devices down 2.95%, Intel down 2.80%, Marvell Technology down 2.53%.
(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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