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Kioxia hits daily limit high on strong demand for memory chips, SanDisk surges during Golden Week while Samsung Electronics exceeds $1 trillion market cap

Thu May 7, 2026 9:55 am JST Catalyst

Kioxia Holdings <285A> remains untraded with a buy-heavy indication at 43,410 yen, the daily limit high level. The company has been benefiting from a rally in memory chip prices driven by growing AI-related demand. During Japan's Golden Week holidays, U.S. peer SanDisk , which reported strong earnings results on April 30, continued its upward trajectory to new highs, gaining over 28% from the end of the previous month as of the 6th. South Korean peer Samsung Electronics also posted a sharp rise, with its market capitalization surpassing $1 trillion. Against the backdrop of continued global inflows into memory-related stocks, Kioxia attracted a flood of buy orders during the Golden Week holidays. The stock has been raising its indicative price without being matched for trading.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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