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Kioxia Drops 16% on July 17 as AI Rally Fades, Market Value Halves from Peak

2026-07-17 05:06:55

According to Bloomberg, Kioxia Holdings Corp. stock fell as much as 16% in Tokyo on July 17 as investors questioned whether the AI rally had gone too far. The decline left the memory chipmaker down 52% from last month's peak, wiping approximately 30 trillion yen (about US$185 billion) from its market value in a month. The sharp selloff pushed Kioxia from Japan's most valuable company to the fourth-largest, despite gains exceeding 600% earlier this year.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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