There is another tech stock that some speculated BRN was involved with or should be involved with and I have no sentiment either way about that company but it has released 10 price sensitive announcements starting on 30.12.20 with the last only a few days ago and the holders there are eating each other alive as well as if the other posters are responsible for a global sell off in tech stocks.
The intriguing thing about the technology sell off is that it comes at a time when semiconductor foundries around the world are struggling to keep up with demand for chips and a new paradigm for tech workers and those who work in offices is unfolding due to Covid-19 that will see this demand for better technology across the board to meet the needs for better internet connectivity, better home/office computing equipment, more intelligent phones and new forms of cyber security just keep on going .
Added to this demand ( leaving aside ADAS and AV), the world is switching to electric vehicles and this is the play ground of technology companies. New power efficient sensors are needed as part of this switch.
The provision of health care and medical diagnostics is on a growth curve of monumental proportions.
The cold war is seeing the US government commit to spending huge sums on technology to out compete China.
Opportunity abounds for technology companies and the future could not be brighter. Demand for technology is assured now and in the long term.
If Brainchip was selling accessories for horse carts as Henry Ford opened his first factory investors might reasonably be concerned for the future but they are not and in fact they are at the technological cutting edge with patent protected revolutionary advanced technology already commercialised as of 23 December, 2020.
My opinion only but DYOR as to what Brainchip is offering to the market and whether the market it is in is in decline or about to explode and make your own decisions about the future.
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