Kioxia Holdings said its subsidiaries Kioxia and Kioxia America were ordered by a U.S. federal court in Texas to pay about $229 million in damages in a patent infringement lawsuit brought by satellite communications company Viasat. The ruling confirms a jury verdict. Kioxia Holdings said it cannot accept the claims and the ruling and will consider all legal options, including an appeal. It said the decision will not affect products and services for customers and that it has already booked a litigation provision.

Ethereum could be the next beneficiary asset in the artificial intelligence investment cycle, as early signs suggest AI-related money is shifting from chipmakers, especially memory-chip stocks, to Ethereum, an analysis said. Fundstrat\'s Tom Lee cited a 72 percentage-point one-month performance gap between Ethereum and the Roundhill Memory ETF. Fundstrat did not provide direct fund-flow data, prompting calls for further verification.