Why Brainchip, Minerals 260, Nuix, and Weebit Nano shares are racing higher today

The S&P/ASX 200 Index (ASX: XJO) is having a soft start to the week. In late morning trade, the benchmark index is down slightly to 8,722.2 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are rising:

Brainchip Holdings Ltd (ASX: BRN)

The Brainchip share price is up 6.5% to 16.5 cents. This follows news that the struggling semiconductor company has signed an IP distribution license agreement. Brainchip has signed the deal with South Korean-based semiconductor solutions provider ASICLAND. The agreement sees BrainChip grant ASICLAND a non-exclusive, worldwide license to its Akida neuromorphic AI IP portfolio. However, the company advised that it “is unable to quantify the financial impact of the agreement at this time.” ASICLAND reported revenue of approximately A$68.5 million for 2025, with a loss of A$25 million.

Minerals 260 Ltd (ASX: MI6)

The Minerals 260 share price is up 12% to 80.7 cents. This has been driven by the release of drilling results from the gold developer’s Bullabulling Gold Project. Management notes that drilling continues to support strong potential for a resource upgrade at Bullabulling. Minerals 260’s managing director, Luke McFadyen, said: “Drilling results since the December 2025 MRE continue to demonstrate the consistency and quality of the mineralisation at Bullabulling, with infill programs at Bacchus and Phoenix delivering strong results in line with, and in places exceeding, the current resource model.”

Nuix Ltd (ASX: NXL)

The Nuix share price is up 4% to $1.55. This morning, this investigative and analytics software provider announced the appointment of a permanent CEO. Nuix revealed that its interim CEO, John Ruthven, has been selected after impressing during his tenure. Nuix’s chair, Robert Mactier, said: “The Board has been impressed with the strategic, diligent and considered way John has embraced the role of Interim CEO and how he has resonated with our people and customers. The Board is unanimous in selecting John as our Chief Executive Officer and Managing Director, and we look forward to supporting him in driving the next phase of growth at Nuix.”

Weebit Nano Ltd (ASX: WBT)

The Weebit Nano share price is up 8% to $4.48. This has been driven by the release of an announcement from the semiconductor company today. Weebit Nano advised that two product customers have successfully taped-out chip designs intended for eventual mass production which integrate its ReRAM module. One customer has a prototype already manufactured and functional. It notes that tape-out by product customers is an important milestone on the path to mass production. Weebit Nano’s CEO, Coby Hanoch, said: “A first commercial product incorporating our ReRAM, and passing initial functional tests, is a significant achievement for Weebit Nano, marking an important step towards mass production. In addition, the tape-out by Overlord shows the great coordination between Overlord, DB HiTek and Weebit.”

The post Why Brainchip, Minerals 260, Nuix, and Weebit Nano shares are racing higher today appeared first on The Motley Fool Australia.

More reading

• Up 211% in a year, why are Weebit Nano shares rocketing another 12% today?
• Buy, hold, sell: Minerals 260, 4DMedical, Karoon Energy shares
• This ASX small-cap is tipped to almost double in the next year
• Why Brainchip, Fortescue, IGO, and Life360 shares are tumbling today
• Why Newmont, Nuix, PLS, and Vulcan Energy shares are rising today