Movement Alert|KIOXIA HLDGS CORP Rises 7.92% in Regular Trading, 800 Billion Yen Buyback and Stock Split Plan Combined with Strong Earnings Boost Market Confidence

Market Focus08-04

On August 4, KIOXIA HLDGS CORP rose 7.92% in regular trading, trading at $34.5/share, with turnover of $14.2185 million.

On the news front, KIOXIA HLDGS CORP previously announced alongside its earnings release a massive 800 billion yen stock buyback plan and a 1-for-3 stock split scheme, with capital return measures exceeding market expectations and continuing to boost investor confidence.

On the earnings side, KIOXIA posted first fiscal quarter revenue of 1.77 trillion yen, up 415% year-over-year, with net profit surging 4,506% year-over-year to 842.17 billion yen. The company guided second fiscal quarter revenue to grow 35% sequentially to 2.39 trillion yen, supported by robust data center AI demand driving further revenue and profit expansion.

Within the Semiconductors sector, peers also posted broad gains. Among individual stocks, Marvell Technology up 11.1%, Intel up 7.58%, Advanced Micro Devices up 6.63%, Micron Technology up 6.23%, NVIDIA up 1.93%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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