Australia's FortifAI advances on collaboration with Megaport

Megaport

Yesterday 06:03

** Shares of FortifAI FTI.AX rise as much as 14.6% to A$1.26, their highest since March 9, 2023
** Stock books largest intraday pct gain since June 16
** Tech firm announces collaboration with Network-as-a-Service provider Megaport MP1.AX
** Collaboration to bring co's NoI8 AI Data Plane to the Megaport AI Exchange
** Says agreement gives Megaport customers early access to wire-speed, governed data movement for their AI workloads 
** More than 1.4 million shares change hands vs 30-day avg volume of around 763,000 shares
** Stock up 200% YTD, including the day's moves
     

(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))