Firefly Neuroscience Inc (NASDAQ:AIFF) shares are continuing to trade higher Wednesday after rallying more than 170% on Tuesday. Here’s a look at what’s going on.
What To Know: Firefly Neuroscience shares soared on Tuesday after the company was accepted into the NVIDIA Connect program. The stock appears to be moving on continued momentum Wednesday morning.
Firefly expects to use new tools and resources provided by the program to help support a new strategic initiative to build a proprietary foundation model of the human brain using its FDA-cleared Brain Network Analytics technology platform.
Nvidia’s Connect program helps companies expand software development teams by providing software development resources, frameworks and development kits. Benefits include technical training, engineering guidance and discounts on Nvidia software and hardware products.
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“This marks the achievement of an important milestone for Firefly and comes at an extremely opportune time,” said Greg Lipschitz, executive chairman of Firefly Neuroscience.
Firefly is due to report fourth-quarter financial results later this month.
AIFF Price Action: Firefly Neuroscience shares closed Tuesday up 171%. The stock was up another 48.6% at $12.48 at the time of publication Wednesday, according to Benzinga Pro.
This illustration was generated using artificial intelligence via Midjourney.
