Nvidia bought ARM Holdings for USD $40B with about $2B annual revenue = x20 multiple. Mature business. Any takeover after 10 years will be at this multiple.

Square bought APT for AUD $39B with about $0.925B annual revenue = x42 multiple. New business. Any takeover next 5 years will be at this higher multiple. Not a like for like semiconductor comparison but an ASX tech/growth comparison.

AI Chip Market to Reach $194.9 Bn Globally by 2030 at 37.4% CAGR

PRNEWSWIRE2 days ago0

Rise in need for smart homes & smart cities, advent of quantum computing, and surge in investments in AI startups drive the growth of the global artificial intelligence chip market.

https://www.martechcube.com/ai-chip-market-to-reach-194-9-bn-globally-by-2030-at-37-4-cagr/

The size of the pie will be enormous by 2030. USD $195B = $270B AUD.

Every 1% of the pie equates to AUD $2.7B. There was a pie chart (sorry cannot find it now) that showed BRN would have 15-20% market share.

15% = AUD $40.5B & 20% = AUD $54B by 2030.

AUD $40B x 20 = AUD $800B MC & AUD $54B x 20 = AUD $1.08T MC.

BRN will need to be listed on Nasday & may become the Tesla of AI Chips. EV & AI will both be in high demand.

Atlassian already USD $75B MC = AUD $104B on Nasdaq after 4 years & they don't have revolutionary technology like BRN. They have AUD $2.9B revenue = x35.9 multiple.

AUD $50B MC = AUD $29.17 SP & AUD $100B = AUD $58.34. These are lower end estimates of BRN potential by 2030.

AUD $500B MC = AUD $291.67 SP & AUD $1T MC = $583.34 SP. These are higher end estimates of BRN potential by 2030 should it become the Tesla of AI chips.

Conservative forecast is AUD $100B MC by 2030 listed on Nasdaq. AUD $100B / 36 similar to Atlassian will require AUD $2.78B revenue equating to 1% market share.

I will not be selling my shares under $50 each.