Memory Chip Maker Kioxia Is Preparing to Debut in the U.S. Kioxia Stock Could Offer a Cheaper, Better Play for Investors.

The old proverb “make hay while the sun shines” can be aptly applied to Japanese memory chipmaker Kioxia (KXIAY). The demand for memory chips has never been higher and is only poised to climb further, thanks to the massive AI infrastructure buildout. With this, shares of companies like Micron (MU), SanDisk (SNDK), and the Korean duo Samsung and SK Hynix have rewarded shareholders with huge returns.

So has Kioxia, as shares have more than quadrupled so far this year. But that's in the Japanese market — what about in the United States?