Kioxia becomes Japan’s most valuable firm as AI mania goes on (opens original article in a new tab)

Kioxia Holdings became Japan's most valuable company as AI demand boosts semiconductor stocks, surpassing Toyota Motor. Its market value exceeded ¥44 trillion, driven by a 7.6% share surge. Toyota's decline reflects challenges in the auto industry amid global shifts.

• Kioxia's market value surpassed ¥44 trillion, making it Japan's most valuable company.
• Toyota's market cap fell to ¥43.8 trillion, losing the top spot to Kioxia.
• AI demand increased global interest in semiconductor companies, affecting Japan's corporate landscape.
• Toyota's shares declined due to Middle East tensions and challenges in transitioning to electric vehicles.