The BrainChip Holdings Ltd (ASX: BRN) share price is on course to end the week in a disappointing fashion.
In afternoon trade, the semiconductor company's shares are down 11% to $1.13.
Image source: Getty Images
What's going on with the BrainChip share price today?
Investors have been selling down the BrainChip share price today despite there being no news out of the company.
However, it is worth noting that a number of tech shares that have been rallying inexplicably higher over the last couple of weeks have come under pressure along with BrainChip. For example, the Zip Co Ltd (ASX: ZIP) share price is down 20% at the time of writing.
This appears to have been driven by profit taking from some investors or traders.
The good news for shareholders is that the BrainChip share price is still up materially since this time two weeks ago despite this decline.
Two Friday's ago, the company's shares ended the week at 87 cents. This means BrainChip's shares are trading a sizeable 30% higher than this level currently.
It also means the company still has a market capitalisation of $2 billion. That's despite its latest quarterly update revealing sales receipts of just US$1.2 million.
