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BUZZ-Memory chip stocks fall after Kioxia reports profit and sales dip

Reuters11-13

BUZZ-Memory chip stocks fall after Kioxia reports profit and sales dip

** Shares of memory chip makers fall premarket, after flash-memory manufacturer Kioxia posts HY sales and profit decline

** Japan-based Kioxia reports a 13% fall in sales for six months ended September 30 to 791.15 bln yen ($5.25 bln) and a 66.5% decline in profit to 58.94 bln yen

** Shares of Seagate Technology STX.O down ~4%, while Western Digital WDC.O dips more than 3%

** Sandisk SNDK.O, which has a JV with Kioxia Corp, a subsidiary of Kioxia Holdings, down ~6% at $266.8

** Up to last close, STX and WDC have more than tripled, while SNDK is up nearly eightfold since its return to Nasdaq in February this year

($1 = 150.7800 yen)

(Reporting by Arnav Mishra in Bengaluru)

((Arnav.Mishra@thomsonreuters.com;))

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Comment（1）

  • PrimeBlue
    ·11-14
    There is something wrong with Kioxia model that is causing the reverse trend. The rest of the memory makers are upping their prices for NAND flash with supply forecasted to remain tight through 1H26. Good opportunity to buy the dip. 
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