Technology
Kioxia drops as much as 17% on a cautious memory outlook
Kioxia shares fell as much as 17% in Tokyo on Monday after the Japanese memory maker gave a cautious outlook, reviving concern that the profit surge driven by AI data-centre demand may be levelling off. The move followed a 7.2% fall in the Philadelphia Semiconductor Index on Friday and extends a month in which memory pricing has reshaped costs across servers, PCs and handsets.