By Huileng Tan You're currently following this author! Click to unsubscribe from email alerts. Kioxia's stock plunge in Japan highlights growing investor scrutiny of the AI trade. Kiyoshi Ota/Bloomberg/Getty Images The latest selloff in a high-flying chip stock shows just how demanding investors in the AI trade have be
Japanese NAND flash memory giant Kioxia reported July-September results: revenue of ¥2.48 trillion (approximately $15.7 billion), up 453.2% year over year, and adjusted operating profit of ¥1.9883 trillion (approximately $12.6 billion) at an 80.2% margin, both record highs. However, its October-December adjusted operating profit guidance of about ¥2 trillion (approximately $12.7 billion) is roughly 15% below market expectations, with only about 1% sequential growth, which the company attributed to shipment timing mismatches. Meanwhile, the average selling price increase for NAND flash narrowed from about 70% in the prior quarter to the "mid-20% range," and the chief financial officer acknowledged uncertainty over whether prices can keep rising in fiscal 2027. Shares fell as much as about 15% intraday. Kioxia still stressed that 2027 capacity is sold out and multiyear contracts cover more than 50% of 2028, and it paid an interim dividend of ¥30 (approximately $0.19) per share for the first time.
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India’s economic calendar this week will focus on business activity across the manufacturing and services sectors, along with the country’s external financial position.HSBC Manufacturing PMI final data on...
Looking at the 4-hour chart, the pair settled below the 100 simple moving average (red, 4-hour) and the 200 simple moving average (green, 4-hour). It even revisited the 1.1110 zone. A low was formed at 1.1104, and the pair started a minor recovery wave.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady after posting modest gains in the previous day and trading near 102.00 during Asian hours on Monday.
The S&P 500 (^GSPC -1.82%) has risen around 11% this year as I write. And by one valuation gauge with data going back to 1871, investors have rarely paid more for it.That gauge is the cyclically adjusted...
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According to public data, 36 listed steel companies reported their results for the first three quarters of 2026, with combined operating revenue of approximately 1,366.2 billion yuan. In terms of...
Gold (XAU) prices rebounded in early Asian trading on Monday after the strong sell-off on Friday last week. This rebound may have been triggered by the correction in the oil market on Monday due to progress...
Asian markets are trading mixed on Monday, following the broadly negative cues from Wall Street on Friday, amid weakness in technology stock which mirrored their peers on tech-heavy Nasdaq on renewed concerns about the AI trade.
The AUD/USD pair shows minor downward movement at the start of a new week, trading near the 0.7020 region, down around 0.15% for the day during the Asian session. Traders, however, might refrain from placing fresh directional bets ahead of the Reserve Bank of Australia (RBA) decision on Tuesday.
By Stella QiuThe Australian dollar marked time on Monday ahead of a policy decision where rates are set to hit an 18-year high, while the New Zealand dollar braced for an election week that could see a change in government and, possibly, the central bank's mandate.The Aussie FX:AUDUSD held at $0.70...
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NZD/USD extends its losses for the second successive day, trading around 0.5620 during Asian hours on Monday. The pair depreciates as the New Zealand Dollar (NZD) remains subdued following the release of...
Japan’s manufacturing expansion moderated in October, with S&P Global PMI Manufacturing falling from 54.1 to 53.3, its lowest reading in seven months. Despite the slowdown, the index stayed comfortably...
The GBP/USD pair holds steady near 1.3390 during the Asian trading hours on Monday. Traders prefer to wait on the sidelines ahead of the key events later this week. The Bank of England (BoE) interest rate decision will be in the spotlight on Thursday.