Kioxia

Japanese chipmaker Kioxia has carried out a stock split that reduced its share price to one third of its previous level. The move comes as the stock retreats sharply from its high near 110,000 yen to the 50,000-yen range, dividing investors. Some see the lower price as a buying opportunity, with bullish targets above 120,000 yen, while a wealthy individual investor warns that the days of anything semiconductor-related rising are over and that cutting dividends could trigger a fall.