Deep Tide TechFlow News: On June 3, according to Jintou Data, as the global artificial intelligence boom reshapes the corporate landscape in Japan, Kioxia Holdings is moving closer to the spot as Japan’s second-most valuable company. The storage-chip maker’s market capitalization surged by 7.2% at one point on Wednesday, moving in tandem with Toyota Motor Corporation. Kioxia’s market cap briefly exceeded 45 trillion yen, surpassing Toyota—just 18 months after its listing.

Junpei Tanaka, Head of the Investment Strategy Department at Pictet Asset Management Japan, said that the reshuffling of the largest companies could change overseas investors’ views on Japanese stocks. He believes the market may shift from a manufacturing-driven model to an AI-driven semiconductor growth-stock paradigm, thereby drawing in additional capital inflows.