Business & Finance
Kioxia Becomes Japan’s Most Valuable Firm as AI Mania Goes On
Key Points
Kioxia Becomes Japan’s Most Valuable Firm as AI Mania Goes On Memory chipmaker Kioxia Holdings Corp. replaced Toyota Motor Corp. to become Japan’s largest company by market value, underscoring how the global artificial intelligence boom is reshaping the country’s corporate landscape. Shares of the Japanese memory chipmaker surged 7.6% Friday, lifting its market value above ¥44 trillion ($274 billion) just 18 months after its stock market debut. Automaker Toyota, which earlier briefly lost...
Kioxia Becomes Japan’s Most Valuable Firm as AI Mania Goes On
Memory chipmaker Kioxia Holdings Corp. replaced Toyota Motor Corp. to become Japan’s largest company by market value, underscoring how the global artificial intelligence boom is reshaping the country’s corporate landscape.
Shares of the Japanese memory chipmaker surged 7.6% Friday, lifting its market value above ¥44 trillion ($274 billion) just 18 months after its stock market debut. Automaker Toyota, which earlier briefly lost the top spot to SoftBank Group Corp., closed with a market capitalization of ¥43.8 trillion. The figures include treasury shares.