Kioxia Holdings' shares rose for a fourth consecutive day. SanDisk, its manufacturing partner, issued a positive medium-to-long-term revenue forecast. This forecast, alongside a broader rally in U.S. technology stocks, fueled investor interest in the memory chipmaker.
Five U.S. asset managers filed applications to list leveraged exchange-traded funds (ETFs) tied to Kioxia's stock on American exchanges. These products would offer investors leveraged exposure to Kioxia's daily performance. This indicates growing investor interest. However, it also raises market concerns about potential volatility, drawing comparisons to similar products in South Korea's market.