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AI fever sparks Raspberry Pi meme stock frenzy

FTSE 250 company hits £1bn valuation before losing ground

Raspberry Pi’s valuation hit £1bn for the first time in nine months on Wednesday as retail investors seized on the AI potential of the British low-cost computer maker.

Shares almost doubled between Monday and midday on Wednesday, before losing ground in afternoon trading to close down almost 1 per cent at £4.11, leaving the Cambridge-based company valued at just over £800mn.

Traders were enthused by social media posts that pointed to a sudden surge in demand for Raspberry Pi’s credit card-sized computers among AI hobbyists.

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