Wall Street Firms Double Kioxia Targets as AI Demand Lifts Profit Outlook
Updated
Updated · Bloomberg · May 18
Wall Street Firms Double Kioxia Targets as AI Demand Lifts Profit Outlook
4 articles · Updated · Bloomberg · May 18
Citigroup, JPMorgan and Morgan Stanley MUFG all raised — in some cases doubled — their price targets on Kioxia after the Japanese memory-chip maker issued a stronger-than-expected outlook on Friday.
Kioxia's earnings showed profit soared, reinforcing analysts' view that demand tied to real-world AI deployment will keep supporting memory-chip sales.
Morgan Stanley named Kioxia its top pick, arguing the company also offers solid free cash flow and scope for higher shareholder returns.
The upgrades underscore how AI-linked demand is reshaping investor expectations for chipmakers beyond the biggest U.S. names, lifting sentiment around Japan's semiconductor sector.
As AI's demand for memory reshapes the market, can Kioxia's current dominance outlast the next wave of chip innovation?
How does Kioxia’s rise from a forced sale signal a new era for Japan’s global tech ambitions?