Kioxia Holdings reports earnings today into elevated market expectations.
Tokyo-listed shares have plunged about 60% from their June peak amid a global
chipmaker sell-off driven by concern major tech firms may pull back funding for
AI infrastructure; Kioxia is the weakest performer in the global memory-stock
basket tracked by CITIC CLSA. Markets expect a third consecutive quarter of
four-digit profit growth, raising the bar for a positive surprise. Syz Bank CIO
Charles-Henry Monchau said the market has largely priced in a strong quarter, so
even a good print may not shift sentiment. Kioxia trails Samsung Electronics and
SK Hynix in NAND flash share; those rivals are better placed to win data-center
business by bundling storage chips with HBM, a product Kioxia currently lacks.
