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Kioxia surges into 70,000 yen range as momentum stock inflows continue, boosted by foreign brokerage upgrade

Mon Jun 1, 2026 9:58 am JST Catalyst

Kioxia Holdings Corporation <285A> extended its rally to a third straight session, breaking into the 70,000 yen range to hit a fresh record high. While the Philadelphia Semiconductor Index (SOX) finished flat on Friday, Kioxia's U.S. peer SanDisk Corp rose for a fourth consecutive session to hit a fresh high. Amid growing optimism over the positive earnings impact of surging semiconductor memory prices, momentum buying continued in Tokyo trading on Monday, driving the stock higher. An upgrade and price target hike by a U.S. brokerage also reinforced positive sentiment toward the company. The company is scheduled to hold an Investor Day on June 2 for institutional investors, analysts, and the media, drawing keen market attention.

Source: MINKABU PRESS

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

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