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Kioxia Holdings tops 'rising buy predictions' among individual investors
Kioxia Holdings <285A> ranked first in "rising buy predictions" as of 1:00 p.m. on May 18, according to "Retail Investor Predictions (Latest 48 Hours)" data compiled by Minkabu.
The company's shares remained overwhelmed by unexecuted buy orders at their daily limit-up ceiling, leaving them untraded during the session. Demand for Kioxia's NAND flash memory for solid-state drives (SSDs) used in AI data center servers has skyrocketed, fueling an explosive earnings beat. In its first-quarter financial results for the April?June period announced on May 15, revenue jumped fivefold year-on-year, while net profit surged 48-fold to 869 billion yen, substantially outpacing market consensus. Shrugging off a steep weekend sell-off in European and U.S. chip stocks that dragged down the broader Tokyo tech sector, Kioxia shares appear poised to venture further into uncharted territory.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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