Updated
Updated · Bloomberg · Jul 17Kioxia Loses $181 Billion in 1 Month as AI Chip Selloff Halves Value
3 articles · Updated · Bloomberg · Jul 17Summary
- $181 billion in market value was wiped from Kioxia in a month, cutting the Japanese memory-chip maker’s capitalization in half.
- The drop followed a broader AI-sector selloff as investors grew concerned the rally in chip shares had run too far.
- Kioxia had only recently become Japan’s most valuable company, making the reversal a sharp test of AI-driven market enthusiasm.
Insights
Did market fear sink the AI chip rally, or is new tech making memory obsolete? Is Kioxia’s collapse a sign that the AI gold rush is the new dot-com bubble?