The Brainchip Holdings Ltd (ASX: BRN) share price is trading significantly higher today.
Yesterday, we covered Brainchips’ price jump of 7% with the announcement of a new non-executive director to its board.
While there has been no news from the company since, the Brainchip share price rocketed 19.36% earlier today, trading as high as 96 cents apiece. At the time of writing, the company’s shares are sitting at 91 cents, up 15%.
Let’s look at what’s been happening lately with the company.
Brainchip recent news
Brainchip, to bring you up to speed, is an artificial intelligence developer attempting to mimic the natural processing power of the human mind.
You may have noticed we covered the tech company yesterday, as it announced the addition of experienced director, Pia Turcinov, to its board.
The Brainchip share price jumped considerably after the news was released.
In fact, there has been a landslide of news released by the AI company since exiting a one-day trading halt on 25 November.
The halt related to the news of a collaboration between Brainchip and Japanese firm MegaChips Corporation that would see Megachips provided with an intellectual property license for design and manufacturing.
1 December saw a notification detailing securities for Brainchip employees not intended to be quoted on the ASX.
Around this time, the Brainchip share price pushed up again by 13%.
In mid-December, the company announced a cessation of securities, one due to expiry and another due to unsatisfied performance rights.
Needless to say, it’s been a busy month for the tech company — in fact, .
Brainchip share price snapshot
Over the last year, the Brainchip share price has soared a whopping 102% and has lifted 40.9% in the past week alone.
The tech company currently has a market capitalisation of around $1.53 billion, with more than 1.6 billion shares issued.
The post The Brainchip (ASX:BRN) share price soared another 19% today. What’s going on? appeared first on The Motley Fool Australia.
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More reading
- Why Brainchip, Pilbara Minerals, Straker, and Whitehaven Coal shares are pushing higher
- Why is the BrainChip (ASX:BRN) share price leaping 7% on the first trading day of the year?
Motley Fool contributor Alice de Bruin has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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