The Japan Times
AsiaPac · 36 mins ago
✦ 78◉ Centre
Kioxia shares awash in buy orders after AI-driven profit surge
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◉ Centre ✓ Fair headline
Kioxia, a Tokyo-based semiconductor company, reported expectations of ¥1.3 trillion operating profit for the June quarter, exceeding its full-year profit for the previous fiscal year, driven by AI-related demand.
Kioxia shares awash in buy orders after AI-driven profit surge
The Tokyo-based company said it expects to earn an operating profit of ¥1.3 trillion during the June quarter, above the record profit it earned for the full year ended March.
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