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.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the 'five best ASX stocks' for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 3 April 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

A man looking at his laptop and thinking.
Technology Shares

WiseTech shares lift off amid agreement with founder Richard White

ASX investors are bidding up WiseTech shares amid the latest news from founder Richard White.

Read more »

A female engineer inspects a printed circuit board for an artificial intelligence (AI) microchip company.
Technology Shares

Pro Medicus shares rise on big AI news

Let's see what exciting news this market darling has unveiled today.

Read more »

A bland looking man in a brown suit opens his jacket to reveal a red and gold superhero dollar symbol on his chest.
Technology Shares

Top broker says DroneShield shares are a buy

Big returns could be on offer for buyers of this stock according to Bell Potter.

Read more »

American soldier in military uniform using laptop for drone controlling.
Technology Shares

DroneShield share price soars 12% on $32 million military deal

DroneShield shares are racing ahead of the benchmark on Monday.

Read more »

A man analyses stockmarket graph on his computer.
Share Market News

ASX 200 experiences only a minor fall after a tremendously volatile week

The ASX 200 ended a tumultuous week just 0.28% down amid many Aussie investors buying the dip.

Read more »

Ecstatic man giving a fist pump in an office hallway.
Technology Shares

Here's how WiseTech is rewarding its shares investors today

WiseTech shares have survived the recent market turmoil well, and today there is more good news.

Read more »

Robot hand and human hand touching the same space on a digital screen, symbolising artificial intelligence.
ETFs

Invest in future technology with these exciting ASX ETFs

These funds could be worth a look if you want exposure to AI, robotics, and electric vehicles.

Read more »

A woman sits at her computer with her chin resting on her hand as she contemplates her next potential investment.
Technology Shares

Surging earnings and a slumping share price: Should I buy this ASX 200 tech stock today?

With profits and earnings soaring and shares down in 2025, is this ASX 200 tech stock too good to ignore?

Read more »