Kioxia surpasses Toyota as Japan's most valuable company on AI chip demand
26d ago· 1 min readenNews
Summary
Kioxia has overtaken Toyota as Japan's most valuable publicly traded company, with its market value surpassing 44 trillion yen ($274 billion) after a 7.6% share price rise. The shift reflects surging global investor demand for semiconductors used in AI data centers, which has boosted chip and memory makers. Kioxia's stock has gained over 670% since January, making it a top performer in the MSCI World Index. Other Japanese firms tied to AI data-center components, such as Murata Manufacturing and Advantest, are also among the largest companies.
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Key quotes
· 3 pulledKioxia's shares rose 7.6% on Friday, pushing market value above 44 trillion yen (about $274 billion), while Toyota closed at 43.8 trillion yen.
The leadership change reflects global investor demand for semiconductors used in AI data centers, boosting valuations for chip and memory makers.
Kioxia's stock has gained more than 670% since January, making it among the top performers in the MSCI World Index.
Kioxia’s shares rose 7.6% on Friday, pushing market value above 44 trillion yen (about $274 billion), while Toyota closed at 43.8 trillion yen. Market-cap calculations use outstanding shares including treasury shares repurchased. The leadership change ref
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