personally, i believe it's only climbing based on lack of liquid shares + hype. This is driving it up at the moment.
Everything business case wise has been pointed out to be flawed. The likelihood of 5gg making a profit within the next 3 years is very unlikely, so everyone is buying into a dream at the moment. ie, buying for short term hype gains, but nothing more.
NBN just announced loads of areas that will be eligible for free FTTP upgrades (which means gigabit broadband, at lower latency than wireless. Even Telstra and Optus will have a hard time). So unless they decide to lower their prices to compete, why would consumers continue to use their Fixed Wireless? Unless they are hoping the nvidia thing is going to save them?
https://www.nbnco.com.au/corporate-information/media-centre/media-statements/nbnco-announces-900000-more-homes-eligible-for-fibre-upgrade
will it go down?, page-2
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Last
3.7¢ |
Change
-0.001(2.63%) |
Mkt cap ! $16.02M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.6¢ | $3.388K | 91.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 254717 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 104254 | 2 |
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| Last trade - 15.55pm 09/08/2024 (20 minute delay) ? |
| 5GG (ASX) Chart |