AIBloomberg1h ago
NAND maker Kioxia reports FY Q2 operating profit up 22x YoY
NAND maker Kioxia reports FY Q2 operating profit up 22x YoY to ~$12.7B, in line with est., but forecasts Q3 operating profit of ~$12.7B, below ~$14.9B est.
TL;DRKioxia's profits surged but Q3 forecast disappointed, signaling cooling chip demand.
Why it matters: Memory chip prices—critical for AI servers and data centers—may be peaking, affecting hardware costs industry-wide.
Kioxia Holdings Corp. delivered a profit outlook that trailed estimates, warning that an AI-fueled surge in flash memory chip prices …
Read full articleSource: Bloomberg · Opens in new tab