Shares of Japanese memory chipmaker Kioxia surged 7.6 percent on Friday, pushing its market value above ¥44 trillion.
The stock increase lifted the company’s valuation to $274 billion. This milestone came just 18 months after Kioxia’s stock market debut.
The surge reflects ongoing interest in AI-related chipmakers. Kioxia produces memory chips used in data centers and other AI infrastructure.
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South Korean stocks surged past the historic 8,000-point mark on the KOSPI index Friday, driven by a continued rally in large-cap tech shares tied to artificial intelligence.
Kioxia has introduced a new SSD designed for high-performance AI applications. The drive aims to deliver millions of IOPS to GPUs and potentially overcome AI memory constraints.
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K Wave Media has redirected $485 million in funding away from a planned Bitcoin treasury strategy toward AI infrastructure investments. The K-Pop firm's stock plunged following the announcement. The shift comes amid company restructuring and efforts to reduce debt.
Victory Giant Technology, a supplier to Nvidia, kicked off bookbuilding in Hong Kong on Monday for an initial public offering aiming to raise up to HK$17.49 billion (US$2.2 billion). The move highlights surging demand for printed circuit boards fueled by AI data centres. Analysts forecast sector growth to persist for one to two years.
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Indian equities have posted losses in recent sessions while markets in neighboring countries recorded gains. The divergence stems from a global surge in artificial intelligence spending that has boosted chip manufacturers elsewhere in Asia.