Kioxia HD, whose share price surged approximately 35-fold within 1.5 years of listing, hit its daily upper price limit following its latest earnings announcement. Market views are divided over the sustainability of its earnings.
Kioxia HD’s share price rose rapidly within 1.5 years of listing, moving well above its previous levels. Following the subsequent earnings announcement, the stock hit its daily upper price limit.
Whether the earnings represented a temporary bubble has become a focus of market attention, and investors are divided in their views of the company’s plans for the next fiscal year and the sustainability of its growth.