Kioxia shares sink after outlook shows demand leveling off

Kioxia shares fell after its outlook pointed to demand leveling off, and the drop reportedly spread to memory stocks like Micron, Western Digital and SanDisk. Coverage from Bloomberg, 24/7 Wall St. and Business Insider all date to the same morning.

Timeline

1. 3 Nov, 09:00 UTCFirst appeared on Google Trends
2. 3 Nov, 09:00 UTCPicked up on News
3. 3 Nov, 09:00 UTCBloomberg reports Kioxia share slump

Top sources

• micronGoogle Trends
• Micron Falls 4% as Kioxia's Cautious Outlook Hits Memory Stocks; Western Digital Drops 5%, SanDisk Slides 3%24/7 Wall St.
• Another Chip Stock Selloff Shows How the AI Trade Is Getting PickierBusiness Insider