On Monday, the stock price of Japanese memory chip maker Kioxia Holdings plummeted 15% for a while. Previously, investors were greatly disappointed by the company's cautious performance guidance, which once again raised concerns in the market that explosive growth driven by artificial intelligence may be slowing down. The Tokyo-based company said on Friday that it expects operating profit for the December quarter to be 2 trillion yen, lower than analysts' general expectations of 2.35 trillion yen. The forecast suggests that its performance has barely increased from 1.99 trillion yen in the September quarter. However, over the past few quarters, Kioxia's operating profit has maintained a steep growth trend. As a competitor to Samsung Electronics, SK Hynix, and Micron Technology, Kioxia blames this weak growth trend mainly on changes in shipping timelines rather than deteriorating demand. Due to customer requirements, some orders originally scheduled for this quarter were brought forward to September; others were postponed to March next year as the share of enterprise-grade storage products continues to increase and require a longer production cycle.

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