It's a technically key level 30.5 with a 3 million share hit in one go. Looks like a strategic TA buy to me, but wouldn't be the first time I was wrong.. Better being lucky than right as Gil Morales says all the time.
Could be rat-cover
Could be anticipation of IP sales or Mercedes preso next week.
Could be anything
And, I would add don't under estimate the power of the Tata partnership, announced only two days ago.
They are an absolute behemoth, and have a strong investor following with a successful history of innovation and diverse commercial success.
Tata have been writing papers and talking to the power of neuromorphic compute, particularly SNN, for several years, and have published papers on the topic ... how it will be a disruptive technology in many industries delivering commercial advantage..
On the voyage to commercialisation of SNN by Tata they no doubt assessed several options, we know they at least benchmarked Intel vs Akida.
And after this assessment they partnered with Brainchip ... a ringing endorsement from Tata if ever there was one.
The industry and investors will take note.
Many factors bring about the perfect storm !