Why the 4DS Memory Ltd share price rocketed 46% higher

One of the biggest movers on the market on Monday was the 4DS Memory Ltd (ASX: 4DS) share price.

The Silicon Valley-based semiconductor development company’s shares rose a massive 46% to reach an all-time high of 8 cents. This brought its five-day return to approximately 60%.

What happened?

Earlier today the company was dealt a speeding ticket from the ASX requesting an explanation for the rise. But according to management, there is no news to speak of that can explain this rise.

Instead, it appears as though investors that were at its annual general meeting this morning were impressed with what they saw and believe 4DS’ Interface Switching resistive random access memory (ReRAM) technology has a lot of potential.

As I mentioned in June of last year, the company has made significant advances with its ReRAM technology, improving read access time to such a degree that is comparable to dynamic random-access memory (DRAM).

Since then the company has entered into an agreement with Belgium-based R&D and innovation hub IMEC to develop a transferrable production-compatible process flow for its Interface Switching ReRAM technology.

What does this all mean?

Essentially, this all means that 4DS is developing a memory technology that could one day power the computers of the future. This is of course a huge market and one which could turn this small-cap tech share into a global tech giant.

However, it is worth remembering that there is still a long road ahead and the technology has not been perfected just yet. Investors may be best keeping their powder dry for now and waiting to see how further developments and tests go in the next few months.

In the meantime I would suggest investors look at tech shares such as Appen Ltd (ASX: APX) and Altium Limited (ASX: ALU).

Alternatively, these growth shares could also be great investment options today.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Altium and Appen Ltd. 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.

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