KIOXIA is trading 10.1% up at $34.88 following positive investor reaction to its recently announced $5 billion share buyback plan and an optimistic outlook for AI-driven memory demand.

  • The move extends a sharp rally from August 03, 2026, when the stock surged over 11% as markets initially digested the buyback news.
  • Sentiment is further bolstered by strong sector gains in DRAM linked to new AI-focused memory standards and a broader risk-on tone across U.S. equities.