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Kioxia Holdings tops ranking of rising buy predictions among individual investors on Minkabu
Kioxia Holdings <285A> ranked first for "rising buy predictions" among retail investors as of 1:00 p.m. on May 28, according to data compiled by Minkabu (latest 48 hours).
Kioxia fell for a third consecutive day, trading below the 60,000 yen level for the first time in three days. While the company's earnings and stock price have rallied on surging demand for NAND flash memory used in solid-state drives (SSDs) for AI servers, near-term profit-taking continued amid high valuation concerns. However, the stock does not appear overvalued based on its price-to-earnings (PER) ratio, and bargain hunting on dips remains robust. Although the stock price has slipped below its 5-day moving average, it has not broken significantly below this line since the beginning of the year, leading many market participants to view the upper 50,000 yen range as a buying opportunity.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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