AI Storage and Optical Sectors Surge, Kioxia ADR Jumps 13% in U.S. Close

U.S. equities closed higher as AI-linked storage and optical communication stocks rallied. Kioxia ADR led gains with a 13% surge, followed by Coherent and SanDisk.

Woofun AI reports that U.S. stock markets ended the session in positive territory, driven by strong performance in artificial intelligence-related sectors including storage and optical communications. Kioxia's American Depositary Receipts appreciated by more than 13%, while SanDisk gained over 8%. Western Digital and Micron advanced by more than 5% and 4% respectively. In the optical communications segment, Coherent rose by over 7%, with Corning and Lumentum each posting gains exceeding 4%.