Raspberry Pi soars 40% as CEO buys stock, AI chatter builds

By Danilo Masoni

MILAN, Feb ‌17 (Reuters) - Shares ​in ​Raspberry Pi rose as much as 42% on Tuesday in a record two‑day rally after CEO ‌Eben Upton bought stock in the beaten‑down UK ⁠computer hardware firm, halting a months‑long slide, as chatter grew that its ‌products could benefit from ‌low‑cost artificial‑intelligence projects.

Two London traders said the driver behind the surge was not clear, though the move followed a ​filing showing Upton bought about 13,224 pounds worth of shares at around 282 pence each on Monday. The ⁠stock is still about 50% below a record high hit a year ago.

The ​rally in the roughly $800 million company has materialised alongside social-media buzz that demand for its single‑board ​computers could pick up as people ‌buy them to run AI agents such as OpenClaw.

X user @aleabitoreddit, who has more than 58,000 ⁠followers, posted on Monday: “Fun Trade Idea: Long $RPI (Raspberry Pi),” claiming buyers have recently begun hoarding the devices because they are far cheaper ⁠than “$500‑plus Apple products.”

Asked about the share price move, Raspberry Pi said: “There’s ​nothing from the company side beyond what’s already in the public domain.”

By 1454 GMT, the shares were up about 27%, topping gainers on ‌the FTSE 250. Earlier this month, the stock fell below its 280‑pence IPO price.

In January, ‌Raspberry Pi said its 2025 core earnings would be ahead ⁠of expectations but warned ‌its 2026 outlook was ​clouded by volatility in the supply and pricing of memory

(Reporting by Danilo Masoni; Editing by Amanda ‌Cooper)

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