Algorhythm Holdings Inc. shares rose by 16.10% as the stock crossed above its 5-day SMA.
The increase in stock price follows the announcement that Hindustan Unilever has awarded SemiCab a new $1.6 million contract, significantly enhancing its market position and revenue potential. This contract represents over a 10x increase from the previous pilot program and is part of SemiCab's growth strategy for 2026, as stated by CEO Ajesh Kapoor. Algorhythm Holdings CEO Gary Atkinson also highlighted the commitment to securing additional contracts to support growth plans.
This contract expansion not only boosts SemiCab's market share in the Southern Corridor of Bangalore but also reflects Algorhythm's strategic focus on optimizing its logistics network, which could lead to further growth opportunities.
Algorhythm Holdings, Inc. is an artificial intelligence (AI) technology and consumer electronics holding company. The Company’s business units include SemiCab, which is an AI-enabled software logistics business operated through the Company’s subsidiary, SemiCab Holdings, LLC. Its AI-enabled, cloud-based collaborative transportation platform achieves the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. To orchestrate collaboration across manufacturers, retailers, distributors, and their carriers, SemiCab uses real-time data from AI-based load tendering and pre-built integrations with TMS and ELD partners. SemiCab has enabled retailers, brands and transportation providers to address these common supply-chain problems globally. SemiCab uses AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips. With SemiCab’s AI platform, shippers pay less, and carriers make more without having to change a thing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
