Why Aussie Broadband, BrainChip, Talga, and Telstra shares are pushing higher

Rising share price chart.Rising share price chart.

Rising share price chart.In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a strong gain. At the time of writing, the benchmark index is up 1.1% to 7,086.8 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are pushing higher:

Aussie Broadband Ltd (ASX: ABB)

The Aussie Broadband share price is up 4% to $4.32. This appears to have been driven by a broker note out of Credit Suisse this morning. According to the note, the broker has upgraded the telco’s shares to an outperform rating with a $5.00 price target. Although the company fell short of Credit Suisse’s first half estimates, it believes recent share price weakness has created a buying opportunity.

BrainChip Holdings Ltd (ASX: BRN)

The BrainChip share price has jumped 7% to $1.77. This follows news that the artificial intelligence chip company has been awarded another patent in the United States. This patent protects the basic structure and function of a digital neuron consisting of multiple synapse circuits connected to a soma circuit.

Talga Group Ltd (ASX: TLG)

The Talga share price is up 6% to $1.60. Investors have been buying this graphite company’s shares in response to an update on drilling activities at its Vittangi Graphite Project. According to the release, recent drilling has delivered further spectacular graphite grades over substantial widths, with all deposits remaining open along strike and at depth.

Telstra Corporation Ltd (ASX: TLS)

The Telstra share price is up 1.5% to $4.00. This morning the telco giant announced two new telecom projects costing up to $1.6 billion that are set to improve connectivity nationwide. One of the projects involves a collaboration with global communications company Viasat to provide Australians with higher data and video streaming speeds.

The post Why Aussie Broadband, BrainChip, Talga, and Telstra shares are pushing higher appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Aussie Broadband Limited. The Motley Fool Australia owns and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Aussie Broadband Limited. 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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