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An update from Kalray SA ( (FR:ALKAL) ) is now available.
Kalray has extended its liquidity horizon to the end of May 2025 following the sale of its ‘Data Acceleration Platform’ subsidiary and ongoing discussions with strategic partners. The company is also exploring options to maximize the value of its semiconductor business, either through a sale or by developing a service business for hardware acceleration solutions. These strategic moves are aimed at strengthening Kalray’s market position and ensuring financial stability, although the outcome of these negotiations remains uncertain.
More about Kalray SA
Kalray is a leading company in hardware and software technologies focused on intensive data management and processing from Cloud to Edge. They offer a comprehensive range of products, including patented DPU processors, acceleration cards, and innovative software solutions for data storage and management. These solutions are utilized in high-growth sectors such as AI, media and entertainment, life sciences, scientific research, Edge Computing, and automotive. Founded as a spin-off from CEA in 2008, Kalray’s investors include Alliance Venture, NXP Semiconductors, and Bpifrance.
YTD Price Performance: -45.94%
Average Trading Volume: 2,019
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €5.59M
For detailed information about ALKAL stock, go to TipRanks’ Stock Analysis page.