Kioxia Tops Toyota as Japan's Most Valuable Stock on June 12, Surging 7.6%

According to Bloomberg, Kioxia Holdings became Japan's most valuable listed company on June 12 after its shares rose 7.6%, lifting its market value to 44 trillion yen (about $274 billion). The chipmaker overtook Toyota Motor, valued at 43.8 trillion yen ($273 billion). Kioxia has surged more than 670% this year, driven by strong demand for NAND flash memory used in AI data centers.
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