Why is the BrainChip (ASX:BRN) share price jumping 8% today?

BrainChip shares are charging higher today…

| More on:
A cloud of explosion appears in place of a man's head.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Key points

  • BrainChip shares are on form on Thursday morning.
  • The artificial intelligence technology company's shares have jumped 8%.
  • This appears to have been driven by two new sales partnerships.

The BrainChip Holdings Ltd (ASX: BRN) share price has been a strong performer on Thursday.

In morning trade, the artificial intelligence technology company's shares are up 8% to $1.14.

Why is the BrainChip share price shooting higher today?

The gain by the BrainChip share price today appears to have been driven by a rise in its US listed shares overnight in response to a press release.

According to the release from Wednesday morning Australia-time, the company has signed new sales partnerships in Europe and Israel that will further expand the commercial reach of its Akida neuromorphic computing platforms.

The release explains that BrainChip has partnered with Eastronics, a large, high-tech distributor in Israel, and SalesLink, a technology solutions provider in Europe.

Management believes these relationships serve as a gateway for introducing Akida technology to customers looking to leverage BrainChip's IP across a wide range of applications. These include industrial Internet of Things (IoT), cybersecurity, autonomous vehicles, and smart sensors that can detect and act on visual features, sound, touch, smell, and taste.

It believes that Eastronics is ideally suited to benefit BrainChip's global expansion in terms of customer presence and broad reach. This is from verticals such as medical, military, and industrial IoT markets, in the Israeli territory.

Whereas SalesLink has a broad reach that management believes will be instrumental in the building of BrainChip's ecosystem and the go-to-market IP licensing plan in the Central Europe region.

BrainChip's CEO, Sean Hehir, commented: "Partnerships with region and domain-focused sales organizations like Eastronics and SalesLink extend our reach to meaningful geographies and commercial opportunity."

"We look forward to working closely with Eastronics and SalesLink, as well as developing relationships with other organizations in key territories, as we continue to deploy our commercialization plan for our revolutionary technology," he added.

Should you invest $1,000 in Brainchip Holdings Limited right now?

Before you buy Brainchip Holdings Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Brainchip Holdings Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 6 March 2025

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. 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.

More on Technology Shares

Business people discussing project on digital tablet.
Technology Shares

Down 26%: Broker says this is an 'opportunity to buy' this top ASX 200 tech stock

Hub24 Ltd (ASX: HUB) shares have taken a tumble over recent weeks, but one leading broker believes this could be…

Read more »

A young man pointing up looking amazed, indicating a surging share price movement for an ASX company
Technology Shares

Brainchip shares storm higher on big news

What is getting investors excited about this tech stock on Wednesday?

Read more »

Two men in business attire play chess.
Technology Shares

Own WiseTech shares? Guess what it just acquired

Let's dig deeper into what the tech stock is acquiring and why.

Read more »

A male investor sits at his desk looking at his laptop screen holding his hand to his chin pondering whether to buy Macquarie shares
Technology Shares

This ASX tech share just hit a 52-week low, I think it's a great buy

Despite recent pain, I think this stock is a strong option.

Read more »

Two smiling work colleagues discuss an investment or business plan at their office.
Technology Shares

Bell Potter says this ASX 200 tech stock could jump 40%+ after the market selloff

The leading broker has good things to say about this growing company.

Read more »

A woman jumps for joy with a rocket drawn on the wall behind her.
Technology Shares

Why did the DroneShield share price rocket in March?

Why were investors buying this tech stock last month? Let's find out.

Read more »

Large group of business people listening to their colleague giving them a speech in a board room.
Technology Shares

Wisetech announces key appointment as shares rebound from 52-week low

Has WiseTech finally turned a corner?

Read more »

Three people gather around a large computer screen where they are looking at something that is captivating their interest with a graphic image of data and digital technology material superimposed to the right hand third of the image.
Technology Shares

What's happening with the NextDC share price?

The NextDC share price has been tanking. What’s going on?

Read more »