Australia's BrainChip jumps on winning US Air Force contract

Brainchip Holdings

10/12/2024 24:54

** BrainChip  BRN.AX  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;))