Kioxia Shares Slide as Cautious Outlook Fuels AI Growth Concerns

WHO:

Bloomberg - Kioxia Holdings Corp. is a Japanese memory maker and NAND chipmaker.

Bloomberg - Investors reacted to Kioxia’s outlook; technology shares and chipmakers were also affected by a broader selloff in U.S. peers.

WHAT:

Bloomberg - Kioxia shares fell by as much as 15%, their steepest decline in three months, after the company gave a cautious third-quarter outlook.

Bloomberg - Kioxia was set to drop following a disappointing profit outlook.

Bloomberg - Japanese stocks fell, and technology shares took a hit.

WHERE:

Bloomberg - The stock-market decline involved Japanese shares; the technology selloff was linked to steep losses among U.S. peers.

WHY:

Bloomberg - Kioxia’s cautious third-quarter outlook disappointed investors and raised concerns that growth driven by artificial intelligence may be slowing.

Bloomberg - Japanese technology shares were pressured by a steep selloff in U.S. technology peers.

Bloomberg - Kioxia shares fell after the company’s profit outlook disappointed investors.

(UPDATED November 2, 2026 09:59 UTC)

Kioxia shares plunged as much as 15% after its cautious profit outlook disappointed investors. The Japanese memory maker’s forecast also raised concerns that artificial intelligence-driven growth may be slowing. Japanese technology stocks fell amid steep losses among U.S. chipmakers and technology peers.