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Seems a tad cheap with a market cap less than $200m
Don’t mention Nvidia Throughout Rakon’s investor call on Wednesday after the result release, Altug was repeatedly prompted to name who exactly it was working with on artificial intelligence (AI). They all wanted to hear one name: AI superpower Nvidia. Artificial intelligence, along with space, were the sectors Rakon and Altug were most positive about when reporting its results. It said on Wednesday it was working with leading players in AI hardware to enable the next-generation platforms for new "AI factory" datacentres. Rakon launched its next-generation Niku semiconductor chip in October 2023 and its MercuryX product range for AI and cloud datacentres early this year. It said its growing AI computing hardware product portfolio was already contributing to revenue and was projected to provide additional design wins, collaborations and revenue growth within the next 12 months. Rakon announced those AI products in January and said the MercuryX Integrated Circuit - Oven Controlled Crystal Oscillator product range combined its in-house designed Mercury+ semiconductor chip with the company’s groundbreaking XMEMS quartz crystal resonators. “This fusion of proprietary Rakon technologies is setting new industry benchmarks for unparalleled performance in an ultra-compact design and enables market-leading products in the smallest possible package.” Altug said Rakon could not name who its AI customers were, and was prohibited from doing so. He said its customers were protecting their own competitive advantage in not revealing the use of Rakon’s products. “They keep it tight and confidential, and there is that paranoia. I think it is very valid for all of the AI ecosystem.”
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75.0¢ |
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Open | High | Low | Value | Volume |
75.0¢ | 75.0¢ | 74.0¢ | $5.934K | 7.989K |
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75.0¢ | 20000 | 0 |
Last trade - 13.00pm 30/08/2024 (20 minute delay) ? |
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