" or "Rally AI menghadapi tembok". We'll use "Rally didorong AI menemui halangan".
Then: "Kioxia's meteoric rise was built on demand for NAND flash memory used in data centers, phones, and servers. The stock more than quintupled in 2025 alone, briefly making it Japan's most valuable listed company by market capitalization. But momentum cracked in late July after the company issued a forecast for fiscal half-year operating income of ¥3.16 trillion ($19.7 billion). Analysts read the numbers closely: the implied ¥1.89 trillion for the current quarter was weaker than expected, following a prior quarter of ¥1.27 trillion that itself missed analyst estimates."
Translation: "Kenaikan meteorik Kioxia dibina atas permintaan untuk memori kilat NAND yang digunakan dalam pusat data, telefon, dan pelayan. Saham itu meningkat lebih daripada lima kali ganda pada 2025 sahaja, secara ringkas menjadikannya syarikat tersenarai paling bernilai di Jepun mengikut permodalan pasaran. Tetapi momentum retak pada akhir Julai selepas syarikat mengeluarkan ramalan untuk pendapatan operasi separuh tahun fiskal sebanyak ¥3.16 trilion ($19.7 bilion). Penganalisis membaca angka dengan teliti: ¥1.89 trilion yang tersirat untuk suku semasa adalah lebih lemah daripada jangkaan, berikutan suku sebelumnya sebanyak ¥1.27 trilion yang juga terlepas anggaran penganalisis."
We need to translate "meteoric rise" -> "kenaikan meteorik", "quintupled" -> "meningkat lima kali ganda", "momentum cracked" -> "momentum retak", "issued a forecast" -> "mengeluarkan ramalan", "implied" -> "tersirat", "weaker than expected" -> "lebih lemah daripada jangkaan", "missed analyst estimates" -> "terlepas anggaran penganalisis".
Third paragraph: "
A guidance that cooled the rally
" -> "
Panduan yang menyejukkan rally
" or "Panduan yang meredakan rally". We'll use "Panduan yang menyejukkan rally".
Then: "The forecast signaled that the blistering pace of growth might be slowing. Shares had already fallen roughly 65% from their June peak of ¥112,700 by the time the guidance was released. The latest 9% drop extends that retreat. The company also announced a three-for-one stock split and an ¥800 billion buyback, moves aimed at broadening its shareholder base and signaling confidence. But the market focused on the softer outlook."
Translation: "Ramalan itu menandakan bahawa kadar pertumbuhan yang pesat mungkin semakin perlahan. Saham telah jatuh kira-kira 65% daripada puncak Jun sebanyak ¥112,700 apabila panduan itu dikeluarkan. Penurunan 9% terkini melanjutkan kemerosotan itu. Syarikat juga mengumumkan pecahan saham tiga-untuk-satu dan pembelian balik ¥800 bilion, langkah yang bertujuan untuk meluaskan pangkalan pemegang saham dan memberi isyarat keyakinan. Tetapi pasaran memberi tumpuan kepada prospek yang lebih lembut."
We need to translate "blistering pace" -> "kadar yang pesat" or "kadar yang membara", "retreat" -> "kemerosotan", "stock split" -> "pecahan saham", "buyback" -> "pembelian balik", "broadening" -> "meluaskan", "signaling confidence" -> "memberi isyarat keyakinan", "softer outlook" -> "prospek yang lebih lembut".
Fourth paragraph: "
Stock split and buyback fail to stem the slide
" -> "
Pecahan saham dan pembelian balik gagal membendung penurunan
"
Then: "The buyback and split are designed to make shares more accessible to retail investors, but they haven't stopped the selloff. A broader AI-stock rout is weighing on the sector, and Chinese NAND manufacturers are ramping up capacity, threatening Kioxia's pricing power. The stock's recent volatility has been extreme: it gained more than 40% in a five-day stretch, then reversed sharply."
Translation: "Pembelian balik dan pecahan saham direka untuk menjadikan saham lebih mudah diakses oleh pelabur runcit, tetapi ia tidak menghentikan jualan. Kemerosotan saham AI yang lebih luas sedang membebani sektor ini, dan pengeluar NAND China meningkatkan kapasiti, mengancam kuasa penentuan harga Kioxia. Turun naik saham baru-baru ini sangat ekstrem: ia meningkat lebih daripada 40% dalam tempoh lima hari, kemudian berbalik secara mendadak."
We need to translate "selloff" -> "jualan" or "penjualan", "rout" -> "kemerosotan" or "kekalahan", "weighing on" -> "membebani", "ramping up capacity" -> "meningkatkan kapasiti", "pricing power" -> "kuasa penentuan harga", "volatility" -> "turun naik", "reversed sharply" -> "berbalik secara mendadak".
Fifth paragraph: "
