The 4DS (ASX:4DS) share price is soaring today. Here’s why

The latest step towards producing 4DS’ megabit memory storage wafers has seen its shares soaring.
The post The 4DS (ASX:4DS) share price is soaring today. Here’s why appeared first on The Motley Fool Australia. –

Shares in 4DS Memory Ltd (ASX: 4DS) are in the green today after the company released news it has received 2 units of its wafer memory technology.

At the time of writing, the 4DS share price is up 3.45% trading at 15 cents after hitting an intraday high of 16 cents apiece earlier today.

This makes it one of the top performers of the S&P/ASX All Technology Index (ASX: XTX) today. In contrast, the All Ordinaries Index (ASX: XAO) is down 1.9% today.

Let’s take a closer look at today’s news from the memory technology developer.

Quick refresher

4DS is working to create more functional, less expensive high-density, high-volume mobile and cloud memory storage.

This storage is needed in modern computers and mobile technology.

4DS has partnered with Belgium-based Interuniversity Microelectronics Centre (imec) to produce a megabit memory chip to run its mobile and cloud storage technology, named Interface Switching ReRAM.

4DS says it’s Interface Switching ReRAM will be the “next generation” of gigabyte mobile and cloud storage.

Currently, 4DS and imec are working together to develop wafers needed in the megabit memory chip.

Wafers arrive

According to 4DS’ release, the company has received 2 sets of wafers from imec.

One set is 4DS’ Second Platform Lot which, if successful, the company believes will bring it closer to completing a corporate transaction by the end of 2021.

The company now has 18 wafers from its Second Platform Lot at its facility in Fremont.

Additionally, the company used spare capacity on imec’s production equipment to produce a Third Non-Platform Lot of 23 wafers.

According to 4DS, the Third Non-Platform Lot will ensure the company can continue to build data sets for its Interface Switching ReRAM technology..

4DS is now conducting analysis of the wafers. It will update the market on the outcomes of the analysis in time.

4DS share price snapshot

2021 has been a good year for the 4DS share price, which has gained 7.2% year to date.

4DS shares have also gained 200% since this time last year.

The company has a market capitalisation of around $191 million, with approximately 1 billion shares outstanding.

The post The 4DS (ASX:4DS) share price is soaring today. Here’s why appeared first on The Motley Fool Australia.

Should you invest $1,000 in 4DS Memory right now?

Before you consider 4DS Memory, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and 4DS Memory wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of May 24th 2021

More reading

Broker tips WiseTech Global (ASX:WTC) share price as a buy
The Aussie dollar has plummeted! Here are some ASX winners and losers

Leading brokers name 3 ASX shares to buy today

Are 4 million Aussies about to lose a fortune on Bitcoin?

Why is the ASX 200 falling today? Thank CBA shares

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!