--- type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000759803.md" description: "๐Ÿ“Š ๐ˆ๐๐•๐„๐’๐“๐Ž๐‘ ๐๐Ž๐“๐„: Morgan Stanley Says Kioxia Signals Storage Industry "Supercycle" - $Micron Tech(MU.US) $Sandisk(SNDK.US) $Apple(AAPL.US) $Dell Tech(DELL.US) ๐Ÿ‘‰ ๐Š๐ž๐ฒ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:โžค ๐Œ๐จ๐ซ๐ ๐š๐ง ๐’๐ญ๐š๐ง๐ฅ๐ž๐ฒ says Kioxia's results signal an accelerating ๐ฌ๐ญ๐จ๐ซ๐š๐ ๐ž ๐ฌ๐ฎ๐ฉ๐ž๐ซ๐œ๐ฒ๐œ๐ฅ๐ž.โžค ๐€๐ฉ๐ฉ๐ฅ๐ž revenue to Kioxia surged ๐Ÿ“๐Ÿ–% YoY to ๐‰๐๐˜ ๐Ÿ’๐Ÿ•๐Ÿ” ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง.โžค Apple's growth outpaced Kioxia's ๐Ÿ‘๐Ÿ•% revenue growth, suggesting ๐ฉ๐ซ๐ž๐ž๐ฆ๐ฉ๐ญ๐ข๐ฏ๐ž ๐ฌ๐ญ๐จ๐œ๐ค๐ฉ๐ข๐ฅ๐ข๐ง๐ .โžค Kioxia significantly increased ๐ซ๐š๐ฐ-๐ฆ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ inventories, primarily to secure DRAM for SSD production.โžค Total inventory rose to ๐‰๐๐˜ ๐Ÿ’๐Ÿ๐Ÿ.๐Ÿ” ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง from ๐‰๐๐˜ ๐Ÿ‘๐Ÿ“๐Ÿ.๐Ÿ— ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง.โžค Capital spending shifted from ๐Ÿ๐š๐œ๐ญ๐จ๐ซ๐ฒ ๐œ๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง to BiCS-8 production equipment.โžค FY3/27 capital expenditure is planned at ๐‰๐๐˜ ๐Ÿ’๐Ÿ“๐ŸŽ ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง, up ๐‰๐๐˜ ๐Ÿ๐Ÿ”๐Ÿ” ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง YoY.โžค Morgan Stanley maintained an ๐Ž๐ฏ๐ž๐ซ๐ฐ๐ž๐ข๐ ๐ก๐ญ rating with a ๐‰๐๐˜ ๐Ÿ๐Ÿ๐ŸŽ,๐ŸŽ๐ŸŽ๐ŸŽ price target.๐Ÿ‘‰ ๐–๐ก๐ฒ ๐ˆ๐ญ ๐Œ๐š๐ญ๐ญ๐ž๐ซ๐ฌ:โžค Stockpiling by customers and suppliers signals expectations of ๐ก๐ข๐ ๐ก๐ž๐ซ ๐ฆ๐ž๐ฆ๐จ๐ซ๐ฒ ๐ฉ๐ซ๐ข๐œ๐ž๐ฌ.โžค AI demand and next-generation NAND investments could extend the ๐ฆ๐ž๐ฆ๐จ๐ซ๐ฒ ๐ฎ๐ฉ๐œ๐ฒ๐œ๐ฅ๐ž.โžค Kioxia's expansion may benefit the broader ๐๐€๐๐ƒ and semiconductor supply chain.๐Ÿ‘‰ ๐„๐ฑ๐ฉ๐ž๐ซ๐ญ ๐’๐ญ๐š๐ญ๐ž๐ฆ๐ž๐ง๐ญ:โžค "Kioxia's results point to an accelerating storage supercycle, with AI-driven demand and strong free cash flow expected to support the stock." โ€” ๐Œ๐จ๐ซ๐ ๐š๐ง ๐’๐ญ๐š๐ง๐ฅ๐ž๐ฒ.โžค "Apple's order growth and Kioxia's higher raw-material inventories indicate broad supply-chain stockpiling ahead of anticipated memory price increases." โ€” ๐Œ๐จ๐ซ๐ ๐š๐ง ๐’๐ญ๐š๐ง๐ฅ๐ž๐ฒ." datetime: "2026-06-25T01:35:51.000Z" locales: - [en](https://longbridge.com/en/topics/100000000759803.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000759803.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000759803.md) author: "[Hardik Shah](https://longbridge.com/en/profiles/27423834.md)" generator: "portal-rs" --- # ๐Ÿ“Š ๐ˆ๐๐•๐„๐’๐“๐Ž๐‘ ๐๐Ž๐“๐„: Morgan Stanley Says Kioxia Signalโ€ฆ ### Related Stocks - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [603020.CN](https://longbridge.com/en/quote/603020.CN.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [DELL.US](https://longbridge.com/en/quote/DELL.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**