Why Kioxia (KIOXIA) rose 10.48%
Kioxia (KIOXIA) rose 10.48% on August 13, 2026 — CoreWeave lifts legacy Nvidia chips, memory surges.
What happened
Memory and storage stocks rallied on the back of a broader tech sector surge driven by CoreWeave's breakthrough in monetizing older-generation Nvidia chips for AI inference workloads.
Why it moved
Proof that legacy hardware can be profitably deployed in AI accelerates datacenter hardware redeployment cycles, raising near-term utilization and pricing power across the memory and storage supply chain.
Why it matters
AI Memory theme benefits when inference deployment patterns widen beyond cutting-edge GPUs; older-chip monetization signals a longer, deeper hardware refresh cycle that absorbs more NAND and DRAM capacity across the…
What would break the thesis
If inference demand fails to translate into sustained hardware ordering or CoreWeave's margin profile deteriorates, the multiplier effect on memory suppliers weakens.