Kioxia's net profit surges 46-fold on AI demand

Japanese memory chip maker Kioxia reported a 46-fold increase in net profit for the April-June quarter compared to the same period last year, driven by robust demand from artificial intelligence and data centers. The company's net profit reached a record 842.17 billion yen. This surge is attributed to the rapidly rising demand for high-performance memory chips used in AI applications. Kioxia's financial results indicate that the memory chip sector is recovering and that AI-focused investments continue. The company's performance stands out at a time when memory chip supply is tightening in global technology markets. This is not investment advice.

📊 MU — Piyasa Yorumu

▲ up · 60%

Kioxia's net profit surged 46-fold, driven by artificial intelligence demand, confirming robust demand in the memory and storage sector. This development is seen as a positive signal for other industry players, such as Micron. On the technical front, the RSI stands at 45, indicating a neutral stance, while the MACD is negative but approaching its signal line, suggesting potential for a short-term recovery. The price trading just below the 20-day moving average indicates proximity to a resistance level. A short-term upward movement may be expected on the back of this news, though excessive optimism should be avoided.

RSI 14

45.1

MACD

-4.09

24h Δ

0.93%

📊 WDC — Piyasa Yorumu

▲ up · 65%

Kioxia's net profit surged 46-fold driven by AI demand, which could positively impact the memory and storage sector and support WDC. Technical indicators also signal a strong bullish trend, with the price above the SMA20 and SMA50, MACD positive, and RSI at 60, not yet in overbought territory. The 19.8% gain in the last 24 hours suggests momentum may continue, though short-term profit-taking could occur. Overall, the short-term outlook is upward, but excessive optimism should be avoided.

RSI 14

60.6

MACD

15.71

24h Δ

19.82%

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