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2024 BrainChip Discussion, page-3117

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jad666

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04/03/24

16:17

Post #: 72735928
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Originally posted by dolci: ↑

https://hotcopper.com.au/opinion/contributors/147824/australias-ai-spending-heading-north/
2 days ago

Whether you do or don’t like or use artificial intelligence (AI) technology, we can all agree that it’s here to stay.
From an investment viewpoint, if this sector can perform in Australia even remotely close to its American neighbour, then we might well be staring at a future goldmine for early investors.
As such, let’s take a look at Australia’s AI industry to uncover those companies at the forefront of the AI revolution. Before we do, let’s take a brief look at the US market.
The Nasdaq Composite has recovered rapidly since the COVID-19 pandemic, rising over 55 per cent from the 2022 low. This is largely due to investment in AI-related companies such as AWS, Google, Microsoft, Meta and NVIDIA, with NVIDIA’s share price up over 60 per cent this year alone!
Despite the Australian market being heavily weighted towards the financials and materials sectors, I believe the artificial intelligence industry is on the cusp of remarkable growth. This is being driven by the recent improvements in generative AI and a greater willingness to use AI in different industries.
According to projections, AI spending in Australia is expected to reach US$6.4 billion by 2026, contributing to an estimated A$22.7 trillion boost to the global economy by 2030. If that’s not exciting enough, February saw the tech sector just have its strongest gains in one month!
So, with this increased interest in the sector, let’s take a look at three companies that have caught my attention.
: Despite recent challenges, Appen remains a key player, providing data tools and services to global market players. The company’s new products are focused on generative AI applications, and with the share price trading at an all-time low, I believe the potential upside for investors in this stock is astronomical if Appen can get things right. It’s just too early right now to invest.
: NXT is Australia’s leading data centre company. It operates 13 centres across multiple countries and is in partnership with Microsoft. The share price is currently trading at an all-time high, and rightfully so. Therefore, while I believe now is not the ideal time to buy this stock as I believe it has run a little too hard in the short term, I will be watching it like a hawk, waiting for the next opportunity.
: Brainchip is at the forefront of AI reasoning and analysis. Most notably, it is known for its Akida Neuromorphic Processor, and the company is forecasting it will be operating in a market worth over US$1 trillion by 2030. It has posted one of its best months in recent history, up over 150 per cent for the month of February. Unlike NXT, however, which is trading at its all-time high, I believe BRN has plenty more upside potential in the short to medium term; therefore, this is one to watch very closely.

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take a look at fbr!
-about to go ballistic in coming months.

good luck brn holders ive held on & off now back on! not a great year tbh but i think this time just mebe BRN is going to make some real strong moves preferably upwards.

BRN Price at posting: 43.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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Last 19.5¢		Change 0.000(0.00%)		Mkt cap ! $366.5M

Open	High	Low	Value	Volume
19.5¢	20.0¢	19.3¢	$585.9K	2.994M

Buyers (Bids)

No.	Vol.	Price($)
71	1809509	19.0¢

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Price($)	Vol.	No.
19.5¢	448370	16

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No.	Vol.	Price($)
71	1809509	0.190
36	1860420	0.185
52	1635376	0.180
22	630136	0.175
31	607930	0.170

Price($)	Vol.	No.
0.195	427026	15
0.200	677678	24
0.205	1097548	19
0.210	1458698	26
0.215	474851	22

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2024 BrainChip Discussion, page-3117

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