Financial Review article - "potential is undeniable"

I find great value in articles like this one, as they contribute to the growing support for the speculative investment case surrounding Appen. During these early stages, such indications can symbolize boundless potential and noteworthy fluctuations. This resonates well with the optimism of many who have high expectations for Appen, envisioning a robust foundation and an exhilarating upward trajectory. It's also important to acknowledge that with short positions accumulating at approximately 6.5%, individuals maintaining these positions should exercise caution, as any favorable developments could compel them to rapidly close out their positions.

https://www.copyright link/markets/equity-markets/here-s-how-asx-investors-can-play-the-ai-boom-20230902-p5e1jy


"But let’s shift our focus away from the past, and instead dive headfirst into an emerging theme, not just in Australia but on the global stage: Generative AI. This technology has rapidly evolved into a driving force within the US market, both in terms of financial returns and thematic significance. Now, we’re witnessing a growing interest from investors and companies alike, all eager to harness the immense potential it holds. From an investment perspective, the recent reporting season served as a valuable opportunity to engage with Australian companies and understand their positioning within the generative AI landscape. In contrast to the US market, Australia may initially appear to offer limited direct avenues for investing in the AI boom. Despite numerous listed companies touting affiliations with industry giants such as Nvidia, a closer examination reveals that many are still in their infancy, making it challenging to determine their competitive edge. Take Appen for instance, a company boasting an impressive portfolio of tech clients like Google and Facebook. While the potential is undeniable, Appen’s core business faces rapid contraction, and its new endeavours are yet to deliver substantial contributions. Consequently, from an investment standpoint, it seems premature to make any definitive calls."