*Kioxia’s IPO raises questions about AI bets and reliance on NAND*
Japanese NAND flash maker Kioxia debuted on the Tokyo Stock Exchange’s Prime Market on December 18, marking a significant milestone. Despite an initial stock price surge, the company’s current market value stands at less than half of the JPY2 trillion (approx. US$13 billion) valuation it held upon separating from Toshiba in 2018.
Source: DigiTimes
Submitted December 23, 2024 at 03:37PM by NewMaxx via reddit ift.tt/dtyNnOZ
Japanese NAND flash maker Kioxia debuted on the Tokyo Stock Exchange’s Prime Market on December 18, marking a significant milestone. Despite an initial stock price surge, the company’s current market value stands at less than half of the JPY2 trillion (approx. US$13 billion) valuation it held upon separating from Toshiba in 2018.
Source: DigiTimes
Submitted December 23, 2024 at 03:37PM by NewMaxx via reddit ift.tt/dtyNnOZ