Australia's Nanoveu hits 3-1/2-year high on AI chip performance

Nanoveu

22/10/2024 02:25

** Shares of Nanoveu  NVU.AX  rise as much as 52.1% to
A$0.073, their highest since May 6, 2021
    ** Stock posts its biggest intraday percentage gain in a
week
    ** Nanotechnology co says AI performance testing of
Singapore-based Embedded AI Systems' (EMASS) new chip shows 20x
lower energy consumption vs peers
    ** Last week, NVU announced its acquisition of EMASS
    ** About 45 mln shares change hands, compared with the
30-day average volume of around 2.8 mln
    ** Stock up ~187% YTD, including session's move

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))