This AI Storage Stock is Up 560% so Far This Year. Is it Too Late to Buy? (Hint: It's Not Sandisk)

Kioxia, a memory chipmaker that has surged 560% year-to-date, is positioned as a high-growth AI infrastructure play rather than a cyclical hardware company. With revenue expected to grow at 118% CAGR through 2028 and trading at just 8.5x earnings, the stock appears undervalued. However, investors are advised to wait for its upcoming U.S. IPO rather than buy thinly-traded OTC shares.