APX is in a sector where it has no business cycle. It's a tough sector to nut out but one where you want to be in imo.
Its not like BHP with massive deterioration in revenue due to resource cycles. This is well known cycle.
Retail also have their own cycles.,, and so does advertising. Anyone that has invested in advertising in the past knows what I mean especially companies like SWM. Ad cycles are brutal.
A.I will definitely be commercialised and adoption will be vast.. it hasn't happened yet only in small bite sizes. The leap of faith is near where new ecosystems will be created to cater for it.
There is no new sector after A.I -- Information age has come and gone.
Robotics and Space Exploration are for sure going to be sectors but as an investor this is the final frontier.
Appen just needs to cut costs and keep revenue steady until commercialisation of A.I picks up pace - this won't occur until 2025 imo. But having said that Appen is one of the very few pure A.I companies that has decent revenue coming in.
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