Kioxia stock falls after issuing soft guidance: will it crash to ¥10k?

Impact · against what's priced in

The memory sector is facing valuation pressure as Kioxia's soft guidance validates fears of a demand plateau. For Micron, this reinforces the risk that the AI boom is a cyclical peak rather than a structural reset, though it does not yet invalidate the 2027 HBM sell-out.

MU−0.30

Challenges what's priced in

The price assumes

The current AI-driven surge in DRAM and HBM demand

The report of double-digit plunges for Micron and peers amid 'ongoing fears about the AI industry' suggests the market is beginning to question the durability of the AI-driven surge the price currently assumes.

What MU's price assumes · Sep 9

• semiconductors
• earnings
• guidance
• ai
• MU
• 000660.KS
• 005930.KS
• dram
• memory chips
• nand
• tech selloff