Seems like APX is not benefiting from the big chatgpt juggernaut. They have just downgraded slightly, with future revenue assumptions reduced leading to a writedown. That MS analyst report via FNarena doesn't highlight any involvement in today's hot AI segment.
Suspect the recent rally was based on part of the market misunderstanding Appen's business.
Ann: Appen expects non-cash asset impairment charge, page-28
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Last
80.5¢ |
Change
0.015(1.90%) |
Mkt cap ! $179.5M | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 86.0¢ | 79.0¢ | $9.671M | 11.63M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 341894 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.0¢ | 13131 | 2 |
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| APX (ASX) Chart |