Australia's Brainchip Holdings top gainer on ASX 200 after launching new AI platform

Brainchip Holdings

06/03/2023 02:49

** Shares of BrainChip Holdings  BRN.AX  jump as much as
18.6% to A$0.605, their biggest intraday pct gain since Jan. 19,
2022
    ** Stock is top gainer on the ASX 200 index  .AXJO , which
is up 0.8%
    ** The software solutions provider says it has launched the
second generation of its Akida platform
    ** Says this new generation adds capabilities that are
needed in industrial, automotive, digital health, smart home and
smart city applications
    ** Shares touch their highest level since Feb. 14
    ** Around 17.8 mln shares exchange hands vs the 30-day
average of 8.6 mln shares
    ** Stock down 31.5% YTD as of last close
    

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))