Kioxia Shares Slump to ¥52,110 as Analysts See 130% Upside
Updated
Updated · Bloomberg · Jul 20
Kioxia Shares Slump to ¥52,110 as Analysts See 130% Upside
1 articles · Updated · Bloomberg · Jul 20
Summary
Kioxia fell to ¥52,110 on Friday, leaving the Japanese memory-chip maker trading at less than half the record high it reached about a month ago.
A broader selloff in artificial-intelligence and semiconductor stocks worldwide has deepened the correction and dragged the shares lower in recent weeks.
Analysts have largely kept bullish ratings despite the drop, with the average price target sitting 130% above the current share price.
That optimism hinges on supply-demand conditions improving, which analysts say could allow Kioxia's stock to resume its upward trajectory.