Why does BrainChip keep actively pushing articles like this? Less than a day ago on LinkedIn:
https://www.linkedin.com/posts/brainchip-holdings-limited_brainchip-asxbrn-share-price-rockets-24-activity-6711300518943305728-9g8j
There's little to no analysis of the stock? No fundamental or technical analysis? I wonder why?
Doesn't this just add to the already unsubstantiated hype and FOMO? Why do this on purpose?
Shouldn't the company should be steering clear and avoiding the sharing of articles like this?
Maybe that's all there is? Hype and FOMO? Was hype and FOMO the product all along?
Well, since BrainChip knows what they're doing, here's another article, less than 24 hours later:
https://t.co/jxzrU1Oqgx
"In addition to this, I suspect investors may have come to the realisation that the rampant rise in its share price has not truly been justified.
While BrainChip is making progress with some exciting technology, it still has a long way to go before it proves it has a marketable end product and is generating meaningful revenue.
In the first half of FY 2020, BrainChip reported revenue of US$13,397 and posted a loss of US$6.86 million.
It is also worth noting that the company doesn’t have the largest market opportunity for its technology. It estimates that the Neuromorphic Chip Market was worth US$111 million in 2019 and will grow to US$366.14 million in 2025.
Given the competition in the industry from a number of tech giants, it seems unlikely BrainChip will be able to dominate this market.So with a market capitalisation of over $1 billion (prior to today’s decline), BrainChip appears to be one of the most wildly overvalued shares on the Australian share market in my opinion.
In light of this, I wouldn’t be surprised to see its shares continue their descent in the coming days."
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