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Kioxia Holdings extends winning streak to five days amid Samsung Electronics strike speculation
Kioxia Holdings <285A> extended its winning streak to a fifth consecutive session, defying broader profit-taking in the semiconductor sector on sustained institutional buying.
Speculation that South Korea's Samsung Electronics could face a strike over union wage demands has sparked supply concerns, potentially driving up memory prices. As a leading NAND flash producer, Kioxia is seen as a primary beneficiary of any supply tightening. Demand for SSD-focused NAND is already at elevated levels, fueled by AI data center needs, drawing capital to the stock on expectations of a highly profitable cycle. The prospect of a Samsung strike is further amplifying bullish sentiment, with investors betting Kioxia will reap additional gains from the situation.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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