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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid heightened sensitivity of AI stocks to changes in IPO plans, Kioxia shares plunged 12% on Friday after a Reuters report that OpenAI may delay its initial public offering. The sharp single-day decline reflects growing fears of a slowdown in AI sector momentum.
This drop is part of a broader selloff in AI-related equities across Asian and global markets, with Kioxia being a key memory chip supplier for AI applications. The stock closed at 92,080 yen after touching an intraday low of 91,210 yen, according to market data.
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Sign InInvestors now await any official statement from OpenAI regarding its IPO timeline; a confirmed delay could further pressure the sector. Kioxia's stock may also face additional volatility as traders watch technical support near the 91,000 yen level.