Impinj (PI) Shares Surge 10.1% on Dan Niles Bull Call, RFID Expansion Outlook

Impinj (NASDAQ:PI) shares jumped 10.1% on January 21, 2026, after prominent tech investor Dan Niles named the RFID chipmaker a top pick for 2026, citing a strategic inflection point driven by plummeting chip costs. Niles noted that Impinj’s chip pricing has fallen to about one cent per unit, enabling expansion beyond apparel into the larger food and grocery markets, with major clients like Walmart adopting the technology. Recent developments, including a South Korean military recommendation to use RFID for firearm management, signal growing demand across new sectors. The stock’s volatility was underscored by this rare double-digit move, following a 6.3% drop the previous day amid broader tech sell-offs linked to U.S.-Europe geopolitical tensions over Greenland. Despite the rebound, PI remains down 5% year-to-date and trades at $170.74, 29.4% below its 52-week high of $241.91 set in October 2025. Over the past five years, a $1,000 investment in PI would have grown to $2,839.