Kioxia Plunges 16% as JD Semiconductor AI Stocks Face Deleveraging Pressure
AI news flash: AI concept stocks tumbled across the board on Friday, with Japanese memory giant Kioxia Holdings plunging 16% intraday to hit the daily limit down, making it one of the deepest losers in this selloff wave. This decline isn’t driven by any single company’s fundamental deterioration — instead, investors are unwinding previously accumulated leveraged positions in tech stocks, and the market is now questioning whether this AI-driven bull run can be sustained.