Kioxia Holdings' market value jumped as much as 7.2% on Wednesday, briefly topping ¥45 trillion (~$281 billion) and overtaking Toyota Motor; the company listed only 18 months ago. Junpei Tanaka, head of investment strategy at Pictet Asset Management

2026-06-03

Kioxia Holdings' market value jumped as much as 7.2% on Wednesday, briefly topping ¥45 trillion (~$281 billion) and overtaking Toyota Motor; the company listed only 18 months ago. Junpei Tanaka, head of investment strategy at Pictet Asset Management Japan, said the reshuffle could shift overseas investors' view of Japan from a manufacturing-driven cyclical market to one increasingly defined by AI-driven semiconductor growth, potentially drawing further capital.