Umm Reddit as your source of information.. enough said I think. it's no reliable as getting analysis from hot copper.
i just look at the long term thesis behind Appen, as I m obviously one of the investors who are HODL. it's quite obvious that AI is in its infancy and we have barely begun to scratch at the surface of the benefits and what is possible with AI. And we have Appen who is at the forefront of this, providing data to fuel this new technology.
this stock is clearly a long term hold for me. Once the mass
adoption of AI becomes more socially accepted and the technology becomes more refined (thanks to Appen), we'll see Appen share price rise again. For now it may be a sleeping dragon, but it's a dragon non the less.
and also in relation to the latest update, it really has quelled one of my concerns... Which was behind the concentration of it's client base, which I m now glad to see them diversify and bring on more clients. While the revenue may be low at the initial stage of the project, but hope to see increases in revenue once the project matures. Also quite excited to see what kind of revenue is possible from the government division as well.
to close off, I m excited about the future prospect of the technology and it's not an area where one can easily obtain exposure to in the stock market. Especially one that is so entrenched in the supply chain of current AI technology. It's a good exposure in my mind to general AI technology. As it becomes more widely adopted, I believe Appen will benefit from this. The current rout has just presented an exciting opportunity to double down ( which I have).
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