TradingKey – During the early Asia-Pacific trading session on July 9, memory chip stocks collectively surged. Japanese memory chip leader Kioxia saw its stock price jump over 10% at one point, while South Korea’s SK Hynix rose over 8% and Samsung Electronics climbed over 4%, driving a rapid recovery in the Japanese and South Korean semiconductor sectors from the sharp sell-off in the previous trading session.

From the real-time market action, Kioxia has emerged as the core leader of this rebound. Data shows that Kioxia’s stock price peaked at 79,950 yen in morning trading, a gain of over 10%. Market enthusiasm for the stock primarily stems from two main drivers: first, the rising demand for NAND flash memory driven by AI data centers;…