Popular tech share BrainChip Holdings Ltd (ASX: BRN) has all the hallmarks of being a 10-bagger.
The company is the worldwide leader in edge artificial intelligence (AI) on-chip processing and learning.
Its first-to-market neuromorphic processor, Akida, mimics the human brain to meet the complex demands of edge devices.
Some of BrainChip's clients include major automobile company Mercedes and United States aerospace giant NASA.
While shares in the AI company have see-sawed as of late, this hasn't been the case for 2022.
Let's look at how the share price has performed for the year so far.
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How have BrainChip shares tracked so far in 2022?
The BrainChip share price kicked off the 2022 year at 68 cents apiece, closing in on its record high of 97 cents on 9 September 2020.
However, the new year brought fortunes to investors as hype kicked in, and the share rocketed to a new all-time high of $2.34 on 19 January.
Unfortunately, this was short-lived as profit-takers swooped in, sending BrainChip shares to tumble under the $1 mark in March.
For most of the year, BrainChip continued to trade in a sideways channel as the company kept quiet on its announcements.
When market volatility hit in June, BrainChip shares tanked to a year-to-date low of 76.5 cents.
Fears of an impending recession sparked a strong sell-off across the market.
A rebound quickly ensued as bargain-hunters took up positions and sent the AI company's shares to as high as $1.365 on 28 July.
While for now the share has retraced to 95 cents at Monday's close, investors would be up 40% for 2022. That is a decent run, given the average return for a stock is around 7% per year.
Keep in mind, though, that the United States Federal Reserve is meeting this month to decide whether or not to lift interest rates.
If it does, this could see the tech-heavy Nasdaq fall, which would have consequences for BrainChip shares.
Should the Fed Reserve hold interest rates, the rally will likely continue, pushing BrainChip shares higher.
