---
symbol: "KIOXIA"
name: "Kioxia"
date: 2026-08-13
change_pct: 10.47550479431881
direction: "up"
event_type: "sector_sympathy"
url: "https://perplo.app/why/KIOXIA/2026-08-13"
updated_at: 2026-08-13T01:06:48.974Z
---

# Why Kioxia (KIOXIA) rose 10.48% on August 13, 2026

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.

## Sources

- [CoreWeave Is Making Old Nvidia Chips Look New Again](https://finnhub.io/api/news?id=3c58943aeb07f7ceaee0d0d04cc89cca8306055562a3ce2125abdfeced432e47) — Benzinga

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