"
Then: "Daiwa Securities chief strategist Yugo Tsuboi said the chip sector is vulnerable to boom-bust cycles. He pointed to rising scrutiny of Chinese memory chipmakers and signs that global memory prices may be stabilizing as factors behind the rout. The selloff accelerated after a Wall Street gauge of chip stocks slumped more than 4% on Thursday, with concerns over TSMC's AI spending overshadowing a solid earnings outlook. Traders have been rotating out of richly valued chip names into sectors that have lagged."
Translation: "大和証券のチーフストラテジスト、坪井裕吾氏は、半導体セクターは好況と不況のサイクルに脆弱だと述べた。同氏は、中国のメモリーチップメーカーへの監視強化と、世界的なメモリー価格が安定化しつつある兆候が、この急落の要因だと指摘した。売りは、木曜日にウォール街の半導体株指数が4%以上下落したことで加速し、TSMCのAI関連支出に対する懸念が堅調な業績見通しを覆い隠した。トレーダーは割高な半導体銘柄から出遅れセクターへと資金を移している。"
Note: "rout" -> "急落" or "暴落". "overshadowing" -> "覆い隠す". "rotating out of" -> "から出て...へ移る".
Third paragraph: "
Bain Capital Exit Seen as Top Signal
" -> "
ベインキャピタルの撤退は天井のシグナルと見なされる
"
Then: "Kioxia plunged nearly 16% on Friday, extending a slide that erased 44% of its value in one month. The stock had rallied over 600% since January and briefly surpassed Toyota to become Japan's most valuable company in mid-June, but has since dropped to fourth place. Last week, Bain Capital exited its entire position in Kioxia. Investors took that as a signal that the chip cycle is pe
