BRN Discussion Ongoing

[Filobeddo]

Senate Advances $280 Billion Bill Subsidizing Chip Manufacturing, Technology
Package, seen by proponents as critical to competing with China, draws bipartisan support

Senate Advances $280 Billion Bill Subsidizing Chip Manufacturing, Technology

The package, seen by proponents as critical to competing with China, received bipartisan support. A final vote is expected later this week, and then the bill must be approved by the House.

www.wsj.com

Jesus, could they draw this out anymore? You’d think for such a priority bill for the US , they’d get off their arses and Fkning get this done already

PS. Nancy’s not happy either

 

[DingoBorat]

Hope it can close 1.25 or above. That may lead to a rise to $1.35. Breaking that we may see all time high.

View attachment 12555

I agree, if we can get past $1.30 without too much fuss, the short squeeze that follows, should easily take us past $2.

They are going to try to knock us on the head, as much as they can though.

I wouldn’t be surprised to see 2 million shorts taken out today at these prices, but unless they get actual retail volume, throwing in the towel, it will just be more bugs stuck to the sticky paper.

Once it's full, we gotta get rid of it somehow ...

 

[Tothemoon24]

The Green Machine is in flight , cmon baby let’s break $1.25 then turn on the after burners

 

[Makeme 2020]

Yes just wiped 1.24..........

 

[Cyw]

Hope it can close 1.25 or above. That may lead to a rise to $1.35. Breaking that we may see all time high.

View attachment 12555

Getting very, very close now.

 

[equanimous]

Jesus, could they draw this out anymore? You’d think for such a priority bill for the US , they’d get off their arses and Fkning get this done already

PS. Nancy’s not happy either

well her husband is at least

 

[wilzy123]

 

[Learning]

US Future is looking bright!

Its great to be a shareholder

 

[buena suerte :-)]

$1.25

 

[Makeme 2020]

Finally wiped 1.25........Does anyone want some used burnt SHORTERS.............

 

[DingoBorat]

Yes we have a bunch of patents but are they specific to the edge is what the article is saying imo.

Start patenting specific edge solutions combing say Akida and SiFive and hmmmm

Didn't Intel acquire a Risc-V company recently? Can't recall who but if correct then they see merit in that solution.

"Didn't Intel acquire a Risc-V company recently? Can't recall who but if correct then they see merit in that solution"

Umm maybe you're thinking about this one Fullmoonfever..

Intel's Attempt to Acquire SiFive for $2 Billion Fell Apart, Report Claims​

Intel's Attempt to Acquire SiFive for $2 Billion Fell Apart, Report Claims

$2 billion is not enough.

www.tomshardware.com

It wasn't that long after, that BrainChip made a partnership with them!

I think the vibe was, that Intel was too stingy, to make a deal that satisfied SiFive, so fat chance they will make a deal that BrainChip would accept!

 

[Slymeat]

$1.46 will give our European friends their € 1 party and a $US 1 party to boot. It‘s getting close for them now.

Our US friends only need $1.44 AUD but I’d rather give them all reason to celebrate.

 

[buena suerte :-)]

VERY NICE

849 buyers for 8,000,699 units

309 sellers for 3,349,423 units

 

[Filobeddo]

Get those Fkning Shorters

Who doesn’t Love a Bull run

 

[Diogenese]

New Motley Tool Article, BRN is in the good books today for anyone who wishes to read.

BrainChip share price powers ahead amid quarterly update​

BrainChip shares are heading north on Wednesday.


Aaron Teboneras❯
Published July 27, 12:06 pm AEST
BRN

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Key points​

• BrainChip shares are racing 4.21% higher to $1.21 during trade
• The company reported cash receipts of US$1.2 million for the quarter, up from US$200,000 in Q1 FY21
• At 30 June, BrainChip had US$28.4 million in cash

The BrainChip Holdings Ltd (ASX: BRN) share price is on the move today.
During early morning trade, the artificial intelligence (AI) technology company’s shares soared to an intraday high of $1.23.
However, since then it has sightly retraced to $1.21, up 4.21% at the time of writing.

What’s driving BrainChip shares higher today?​

Despite the S&P/ASX All Technology (ASX: XTX) sector losing ground today, investors are bidding up the BrainChip share price following the release of the company’s latest quarterly update.
According to the release, BrainChip provided its financial performance and activities report for the quarter ending 30 June 2022.
For the period, BrainChip recorded cash receipts of US$1.2 million. This represents a significant increase on the US$200,000 reported in Q1 FY22.
BrainChip noted that it secured key commercial partnerships with a number of strategic technology and artificial intelligence (AI) software leaders. Combining the respective technologies offers chip designers to optimise and deploy AI and machine learning (ML) technology at the edge.
In addition, net operating cash outflows came to US$2.8 million compared to US$5 million in Q1 FY22.
The company continued to increase its marketing and branding with US$969,000 spent during the quarter.
However, the biggest cost came from its research and development which totalled US$1.7 million.
At the end of the period, BrainChip had US$28.4 million in cash, down from US$31.2 million in the prior quarter.
Based on the above, the company has an estimated 2.5 years (10 quarters) left of available funding without raising capital.

What’s next for BrainChip?​

Looking ahead, BrainChip said it will focus on deepening existing customer relationships and converting technical evaluations in the coming quarter.
It intends to continue investing in the development of the next-generation Akida IP to extend its technological lead.

BrainChip share price snapshot​

In the past month, the BrainChip share price has soared by almost 30% as investor excitement heats up. The company has been busy executing the commercialisation of its Akida neuromorphic IP.
Year-to-date, BrainChip shares are up by more than 75%.

... but we have 5 stocks we recommend investing in, and they don't include BRN.

 

[Cyw]

Finally wiped 1.25........Does anyone want some used burnt SHORTERS.............

Never mind the shorters, buy the break, NOW.

 

[Slymeat]

Get those Fkning Shorters

That’s a brilliant analogy @Filobeddo.

 

[Sprocket68]

wow 1.25 wiped

 

[Slymeat]

I think Andrew has committed the logical fallacies of basing an argument on a false premise and of arguing from the particular to the general, or, more academically, some people may think he's talking through his arse.

Clearly there is a dissonance between Andrew's classification system and the real world.

... but we have 5 stocks we recommend investing in, and they don't include BRN.

At last—someone else who understands logical fallacies.

 

[Xray1]

Patent Forecast® predicts that if this partnership produces patent activity in the edge computing sector, then Intel will acquire both companies. Intel holds the most patent assets in the edge computing sector with two-hundred and thirteen (213) patent assets, and if Intel wants to retain its control of the edge computing market, then it will have to provide a way of bringing AI and ML to edge computing.

At the AGM, was it not mentioned that some 50 new patents were going to be lodged by the Co soon.