Kioxia Shares Jump as Strong Q1 Results, Buybacks and Stock Split Spark Investor Demand
Kioxia's stock climbed sharply after the company posted a blockbuster fiscal first quarter driven by higher NAND prices, stronger AI data-center demand, expanded bit shipments and a weaker yen. Management approved a 3-for-1 stock split and an ¥800 billion buyback while reporting a net cash position. The Q1 operating profit and the ¥1.89 trillion Q2…