Kioxia Holdings, a major memory-chip maker, is heading for its first quarterly share-price decline since listing, raising the prospect that its valuation will look increasingly attractive.
Kioxia Holdings is expected to post its first quarterly decline since listing in Tokyo, with its shares down approximately 40% from the end of June. Other makers of NDNA flash memory are also trending lower, but the company's valuation may be viewed as relatively inexpensive.
The shares are currently trading at approximately 4.3 times forecast earnings, compared with approximately 7.7 times for SanDisk. With Micron Technology's earnings announcement approaching, investors may begin to focus on the stock as an undervalued name, amid developments pointing to expanding demand from AI data centers.