It has been a great day for shareholders of California-based neural computing technology company Brainchip Holdings Ltd (ASX: BRN).

Its shares have more than doubled in value today after the company announced the roll out of its innovative casino table security monitoring technology at one of Las Vegas’ biggest casinos following a successful phase one trial.

Management advised that its Spiking Neural Network-based SNAPvision technology will be rolled out across all of the trial casino’s baccarat tables. Next month this will be extended to another of the casino operator’s venues, before rolling out across more of the group’s casinos in due course.

The Game Outcome technology uses the company’s SNAPvision technology to visually and automatically detect dealer errors by monitoring the video streams from standard surveillance cameras.

According to the release the technology is very smart and can recognise the cards that are played, winning hands, the rules of the game and the pay out. Management expects the roll out to deliver an immediate and growing revenue stream.

Clearly this is an exciting piece of technology, but is it an investment you should make?

At this stage I would say it’s a little too speculative and high risk for most investors. Considering the unnamed casino operator has extended the roll out of the technology, I feel it is safe to believe that so far the technology is working very well.

But how great a share of the estimated $4.5 billion market opportunity the company can capture is impossible to predict at this stage.

Whilst we may one day see the technology rolled out at casinos operated by the likes of Crown Resorts Ltd (ASX: CWN), SKYCITY Entertainment Group Limited-Ord (ASX: SKC), and Star Entertainment Group Ltd (ASX: SGR), for now I would suggest investors resist making a bet on this one and instead just add it to their watch lists.

In the meantime I would suggest investing in these rapidly growing shares instead. Each has the potential to bolt higher in the next few months thanks to their strong earnings growth.

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Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.