BUZZ-Australia's BrainChip jumps on winning US Air Force contract

Reuters
10 Dec 2024

** BrainChip soars as much as 20.5% to A$0.265; biggest intraday pct gain since Oct. 10

** AI chip designer wins $1.8 mln contract from the U.S. Air Force Research Laboratory to develop radar signal processing algorithms for its chips

** About 15.3 mln shares traded vs the 30-day avg of ~12.8 mln

** BRN up 50% YTD

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10