Why is Kioxia stock plunging today?
Investing.com -- Kioxia Holdings Corp stock plunged 16.1% to trade at ¥52,110 today, hitting a fresh session low, after a U.S. federal jury in Texas ruled on Thursday that the company had infringed a Viasat patent related to computer storage technology and ordered $229 million in damages.
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Investing.com -- Kioxia Holdings Corp stock plunged 16.1% to trade at ¥52,110 today, hitting a fresh session low, after a U.S. federal jury in Texas ruled on Thursday that the company had infringed a Viasat patent related to computer storage technology and ordered $229 million in damages. The verdict arrived as an immediate, company-specific shock, adding legal and financial uncertainty to a stock that was already under heavy selling pressure from the broader semiconductor correction. Beyond the patent ruling, the selloff is also being driven by intense profit-taking following one of the most dramatic rallies in recent Japanese market history.
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- What's the story?
- Investing.com -- Kioxia Holdings Corp stock plunged 16.1% to trade at ¥52,110 today, hitting a fresh session low, after a U.S. federal jury in Texas ruled on Thursday that the company had infringed a Viasat patent related to computer storage technology and ordered $229 million in damages.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 10m ago.
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Why is Kioxia stock plunging today?
Sources1TypeCoverageInvesting.com · Stock Market