Shares in Raspberry Pi have leapt 22% today.

There were no concrete announcements which caused the jump.

On Monday, Hedgeye Risk Asset Management recommended buying shares of the Cambridge-based firm, behind low-cost miniature computers which were initially used extensively in education.

Shares previously surged last month after CEO Eben Upton bought stock in the company and amid social media ‘buzz’ around the use of the small computer boards for running AI agents.

They are up 18% in the year to date, but down 39% over 12 months.

A dip last year and this saw its shares fall below its 280p IPO offer price in June 2024, and way off its peak of 766p.

They fell as low as 257p despite a positive year-end trading update after admitting that supply uncertainty remains around the memory boards used in its products.

The share price currently stands at 350p.