D
Deleted member 118
Guest
We going to see some action with the sp today
BRN Discussion Ongoing
- Thread starter TechGirl
- Start date
buena suerte :-)
BOB Bank of Brainchip
maybe we will hit that elusive $1.20 today 
gex
Regular
Zedjack33
Regular
Raspberry Pi Pico W lets your houseplant text you - Raspberry Pi
With Raspberry Pi Pico W and Pimoroni's Grow Kit, Sandeep Mistry has achieved many houseplant lovers' dream: talking to his botanical buddy.
www.raspberrypi.com
Attachments
Bravo
If ARM was an arm, BRN would be its biceps💪!
It wouldn't surprise me if we were involved in this in some way, shape or form. 
Ericsson, Thales, global leader in Aerospace, Defence, Security & Digital Identity, and wireless technology innovator Qualcomm Technologies, Inc. are planning to take 5G out of this world and across a network of Earth-orbiting satellites.
/ATTACH]
www.itvoice.in
Ericsson, Thales, global leader in Aerospace, Defence, Security & Digital Identity, and wireless technology innovator Qualcomm Technologies, Inc. are planning to take 5G out of this world and across a network of Earth-orbiting satellites.
Ericsson, Qualcomm and Thales to take 5G into space IT Voice | IT in Depth
Ericsson (NASDAQ: ERIC), Thales (Euronext Paris: HO), global leader in Aerospace, Defence, Security & Digital Identity, and wireless technology innovator Qualcomm Technologies, Inc. (NASDAQ: QC…
www.itvoice.in
Last edited:
Frank Zappa
Regular
I’ll start their accumulating strategy now . I’ll start at the recommended share price of 30cents then again at 40cents then 50cents then 75cents . Man I’m going to be able to load up big at these attractive entry prices . Great recommendationPitt Street Research Re rate from $1.50 to $2.30
How to benefit from BrainChip’s breathtaking potential in 2022
In this article we’ll look at what is driving BrainChip’s share price and how you can play this high-potential stock from a technical analysis point of view in a volatile share market.stocksdownunder.com
Bravo
If ARM was an arm, BRN would be its biceps💪!
Pitt Street Research Re rate from $1.50 to $2.30
How to benefit from BrainChip’s breathtaking potential in 2022
In this article we’ll look at what is driving BrainChip’s share price and how you can play this high-potential stock from a technical analysis point of view in a volatile share market.
Wow! Thanks @equanimous for posting this.
What a terrific write up! Here's the full version incase anyone forgot to click on the link.How to benefit from BrainChip’s breathtaking potential in 2022
Behzad Golmohammadi, June 17, 2022Who is BrainChip?
BrainChip Holdings Ltd (ASX: BRN) develops software and hardware solutions for artificial intelligence (AI) and machine learning applications. The company’s key product is the Akida Neuromorphic Processor, which is in essence a Spiking Neural Network (SNN). It provides ultra-low power and fast AI (artificial intelligence) Edge computing solutions without the need for a continuous internet connection. Additionally, unsupervised learning capabilities and on-chip processing (rather than in the Cloud) set Akida apart from other AI solutions on the market.Akida can be used in a range of applications, like vision and audio, which in turn are used in a wide variety of industries, such as automotive, robotics, aerospace and cybersecurity to name just a few. BrainChip was incorporated in 2011 and is based in Sydney, Australia.
We have covered BrainChip and its revolutionary SNN technology extensively at Stocks Down Under and Pitt Street Research. You can use the following links for an in-depth explanation of BrainChip’s technology and business model:
- BrainChip on Pitt Street Research
- Interview with BrainChip (ASX: BRN) CEO Sean Hehir
- BrainChip (ASX: BRN): Welcome to the revolution!
- BrainChip (ASX: BRN): Why we like this stock so much
In this article we’ll look at what is driving BrainChip’s share price and how you can play this high-potential stock in a volatile share market from a technical analysis point of view. Let’s start by taking a look at BrainChip’s share price chart to see what moved the share price after the Corona Crash.
BrainChip Holdings, Weekly Chart in Semi-log Scale (Source: Metastock)
❶ BrainChip announces an agreement with a US-based automotive manufacturer for evaluation of BRN’s Akida neural network System-on-Chip (SoC) for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicle (AV) applications. (Akida Evaluation Agreement)
❷ BRN signs a joint development agreement with a tier-1 European automotive supplier of sensors and systems to utilise Akida for ADAS and AV applications. (Joint Development Agreement Executed)
❸ BRN announces completion of wafer fabrication of the Akida device to be used in the evaluation programs of those customers who signed agreements with BrainChip. (Akida Wafer Fabrication Complete)
❹ BRN announces a partnership with Magic Eye Inc., a developer of revolutionary 3D sensors, to use BRN’s Akida neuromorphic processor in object detection applications. (Partnership with Magik Eye Inc)
❺ BRN signs a collaboration agreement with VORAGO Technologies, a US-based technology company, to support a Phase 1 NASA program for a neuromorphic processor that meets space flight requirements. (Vorago Technologies Collaboration)
❻ NASA places an order under the Akida Early Access Program and BRN signs its first Akida IP license agreement with Renesas Electronics America Inc., a tier 1 semiconductor manufacturer. (NASA Early Access Program Order) – (First Akida IP License Agreement)
❼ BRN addition to the ASX 300 Index. (S&P DJI Announces March 2021 Quarterly Rebalance)
❽ BRN begins taking orders for the Akida AI Processor Development Kits. (Taking Orders for Akida AI)
❾ BRN enters into a multi-year license agreement for the Akida IP with MegaChips, a pioneer in Application Specific Integrated Circuits (ASIC’s), to enhance its technology positioning for next-generation AI solutions. (Megachips’ License Agreement)
❿ Increased media attention to the AI industry and tier 1 companies joining BRN’s Early Access Program customer list increases retail investors’ attention and confidence in the stock. (Response to ASX Price Query)
ADAS and autonomous driving are major catalysts for BrainChip
The COVID-19 pandemic introduced unprecedented challenges to the semiconductor industry, which led to global chip shortages that automatically brought substantial investor and media attention to stocks in this industry. In addition, the near-zero interest rate environment encouraged investment in growth and speculative tech stocks. At the same time, there have been ongoing discussions surrounding climate change and how to reduce global carbon emissions, which has further propelled the Electric Vehicles (EV) revolution.An important point of competition amongst EV manufacturers is their vehicles’ driver assistance and autonomous driving capabilities. While Tesla, the American automotive and clean energy company, is way ahead of its competitors in terms of autonomous driving and driver assistance capabilities, traditional auto makers getting into EVs are striving for any technology that can help them in their battle with Tesla. This is why BrainChip’s Akida neural network System-on-Chip (SoC) is receiving increasing attention from tier 1 auto and auto parts makers in Europe and elsewhere.
Looking for advanced technologies to fill their knowledge gaps, they have come across BrainChip that checks all their ADAS boxes when it comes to required semiconductor IP. No wonder, then, that every time the company announced new milestones and deals, the share price reacted very sharply, to the extent that it grew from 3 cents in March 2020 to $2.34 in January 2022, an astronomical growth of 7700% in less than two years.
Less and less risky, but with high potential
After BRN’s exponential growth through January 2022, the share price started a correction in line with the rest of the tech sector as the enthusiasm for speculative tech stocks started to wane due to fast rising interest rates. This share price decline, however, might not be all bad news for the true believers in BrainChip’s technology as it presents new opportunities to buy the stock at lower levels.Many of the reasons that made BrainChip attractive in the tech boom are still in place. There are still chip shortages and car manufacturers still need the relevant semiconductor IP and the actual chips to give them an advantage over their competitors, or to play a role in ADAS and AV in the first place.
And BrainChip’s technology has kept showing more and more promise by successfully passing product development milestones. There is now a number of tier 1 companies testing the utility of BrainChip’s Akida AI processor kits for their respective applications, which increases the chances of getting some good news flow any time in the following months.
In other words, we believe BRN has largely completed its development stage and is now moving into the commercialisation stage under the leadership of new CEO Sean Hehir, who we spoke to recently. As a consequence, we believe BRN, the share, is getting less and less risky.
On top of that, BRN has just been admitted to the ASX 200, which will trigger mandatory institutional buying as BRN now falls within the investment mandate of many institutional investors that invest in the ASX 200.
Upside potential to $2.30
As the interest rate hikes by central banks and the sell-down of risk assets continue for the foreseeable future and in the potential absence of any exciting news from BRN in the near term, we expect the share price to drift lower under its own weight.However, in a more likely scenario, at least in our view, there will be successful development news from one or more of BRN’s Early Access Program customers or news around new commercial deals with tier 1 or tier 2 semiconductor companies. Given that the company is in discussions with many prospects at the same time, such news flow can be expected at any time and could have the potential to send the share price back up towards its all-time high of $2.34 in the initial market reaction to the news.
How to play BRN
So, we suggest buying BRN in stages to take advantage of dips in the share price for a more attractive average entry price to make sure you don’t miss out entirely on potential good news flow.Prices near the technical support levels shown on the chart (the green lines) can be attractive to executing this step-by-step entry strategy. These support levels in order are 75 cents, 50 cents, 40 cents and 30 cents.
Disclosure: Pitt Street Research/Stocks Down Under directors own shares in BrainChip. And the company is a research client at Pitt Street Research.
Xhosa12345
Regular
would love a price sensitive ann or 2 to come out, i know im dreaming, but it really would be nice, just to really bed in this share price at worse.
love a trading halt first also, just to make the shorters sweat and panic.... dreaming again.
push on we do! and have trust in the co...
imo.
love a trading halt first also, just to make the shorters sweat and panic.... dreaming again.
push on we do! and have trust in the co...
imo.
D
Deleted member 118
Guest
With the sheer amount of price sensitive announcements we’ve had recently, don’t hold your breath
Bravo
If ARM was an arm, BRN would be its biceps💪!
Tick 
Tick
Tick
Aug 8, 2022
The Pentagon is exploring new collaborations with technology companies that can provide potentially game-changing edge and fog computing capabilities to support military missions.
Defense Department platforms that underpin multi-domain operations rely on sensors that capture huge volumes of data about equipment and their operating environments. While edge computing solutions enable real-time sensor data processing near the source and the ability to generate insights from what’s captured at various connectivity levels, fog computing assets mediate between data and the cloud where it is processed for different purposes, like for data filtering or management.
Both types of computing capabilities are of particular interest to the DOD — especially as the department moves to implement its nascent concept for Joint All-Domain Command and Control (JADC2), which aims to better connect the U.S. military’s sensors, shooters and networks to enable faster and more effective decision-making.
“The DOD needs transformational computing technologies to increase on-board data analytics, limit communications latency and cost, increase human situational awareness and enable adaptive decisions, and provide energy efficient computing and architectures for data collection and processing,” officials wrote in a recently published Fog and Edge Computing Needs Statement. “Additionally, the DOD needs collaborative computing and cutting-edge networking for fusion of multi-spatial, multi-signal, and multi-reports.”
This fall, the Undersecretary of Defense for Research and Engineering Capability Prototypes Office and Air Force Research Laboratory (AFRL) Transformational Capabilities Office will jointly host a virtual meeting explicitly focused on fog and edge computing, officials announced in the document. Representatives from select companies will get a chance to make short technical presentations during that meeting to inform DOD officials about existing or in-development products that could bolster defense computing efforts or fill existing gaps.
“There is a potential for companies to be selected for pilot projects or experimentation if their technology [matches] DOD’s needs,” according to the needs statement.
Businesses interested in participating in the meeting must submit applications digitally to the Pentagon by Aug. 10 for consideration.
In the needs statement, Defense officials offered details about the specific areas they are investigating to potentially apply fog and edge computing in new ways.
They noted that fog and edge technologies present both “opportunities and challenges” to Human Computer Interface, a category of interest that focuses on the design of computer technology to facilitate interaction between computers and human users — in ways that result in enhanced performance. Officials are eyeing solutions that “sense and adapt” to users’ cognitive, physiological and physical states, tasks and local environments. Among other features, officials want to look into assets that can provide automatic and interpretable explanations of certain data.
Other capabilities highlighted in the needs statement include “energy efficient computing and architectures for data collection/processing,” and “collaborative computing, fusion and networking” that “focuses on combining signals, features, data, and information across the network to enable decision-making across all echelons at the speed of conflict.”
Additionally, officials want to explore advances in networking, approaches, equipment, artificial intelligence and machine learning to drive “sensing and sense-making at the edge.”
www.fedscoop.com
Tick
Tick
DOD eyeing ‘transformational’ edge computing, fog computing tech
Brandi VincentAug 8, 2022
The Pentagon is exploring new collaborations with technology companies that can provide potentially game-changing edge and fog computing capabilities to support military missions.
Defense Department platforms that underpin multi-domain operations rely on sensors that capture huge volumes of data about equipment and their operating environments. While edge computing solutions enable real-time sensor data processing near the source and the ability to generate insights from what’s captured at various connectivity levels, fog computing assets mediate between data and the cloud where it is processed for different purposes, like for data filtering or management.
Both types of computing capabilities are of particular interest to the DOD — especially as the department moves to implement its nascent concept for Joint All-Domain Command and Control (JADC2), which aims to better connect the U.S. military’s sensors, shooters and networks to enable faster and more effective decision-making.
“The DOD needs transformational computing technologies to increase on-board data analytics, limit communications latency and cost, increase human situational awareness and enable adaptive decisions, and provide energy efficient computing and architectures for data collection and processing,” officials wrote in a recently published Fog and Edge Computing Needs Statement. “Additionally, the DOD needs collaborative computing and cutting-edge networking for fusion of multi-spatial, multi-signal, and multi-reports.”
This fall, the Undersecretary of Defense for Research and Engineering Capability Prototypes Office and Air Force Research Laboratory (AFRL) Transformational Capabilities Office will jointly host a virtual meeting explicitly focused on fog and edge computing, officials announced in the document. Representatives from select companies will get a chance to make short technical presentations during that meeting to inform DOD officials about existing or in-development products that could bolster defense computing efforts or fill existing gaps.
“There is a potential for companies to be selected for pilot projects or experimentation if their technology [matches] DOD’s needs,” according to the needs statement.
Businesses interested in participating in the meeting must submit applications digitally to the Pentagon by Aug. 10 for consideration.
In the needs statement, Defense officials offered details about the specific areas they are investigating to potentially apply fog and edge computing in new ways.
They noted that fog and edge technologies present both “opportunities and challenges” to Human Computer Interface, a category of interest that focuses on the design of computer technology to facilitate interaction between computers and human users — in ways that result in enhanced performance. Officials are eyeing solutions that “sense and adapt” to users’ cognitive, physiological and physical states, tasks and local environments. Among other features, officials want to look into assets that can provide automatic and interpretable explanations of certain data.
Other capabilities highlighted in the needs statement include “energy efficient computing and architectures for data collection/processing,” and “collaborative computing, fusion and networking” that “focuses on combining signals, features, data, and information across the network to enable decision-making across all echelons at the speed of conflict.”
Additionally, officials want to explore advances in networking, approaches, equipment, artificial intelligence and machine learning to drive “sensing and sense-making at the edge.”
DOD eyeing ‘transformational’ edge computing, fog computing tech
Companies can apply for opportunities to present their technologies to Pentagon officials at a solutions meeting later this year.
www.fedscoop.com
buena suerte :-)
BOB Bank of Brainchip
Yep ... also as the sell side builds the Buy side seems to be matching it!! so more to & throwing
930 buyers for 8,135,742 units
455 sellers for 5,696,043 units
Last edited:
uiux
Regular
Tick
Tick
Tick
DOD eyeing ‘transformational’ edge computing, fog computing tech
Brandi Vincent
Aug 8, 2022
The Pentagon is exploring new collaborations with technology companies that can provide potentially game-changing edge and fog computing capabilities to support military missions.
Defense Department platforms that underpin multi-domain operations rely on sensors that capture huge volumes of data about equipment and their operating environments. While edge computing solutions enable real-time sensor data processing near the source and the ability to generate insights from what’s captured at various connectivity levels, fog computing assets mediate between data and the cloud where it is processed for different purposes, like for data filtering or management.
Both types of computing capabilities are of particular interest to the DOD — especially as the department moves to implement its nascent concept for Joint All-Domain Command and Control (JADC2), which aims to better connect the U.S. military’s sensors, shooters and networks to enable faster and more effective decision-making.
“The DOD needs transformational computing technologies to increase on-board data analytics, limit communications latency and cost, increase human situational awareness and enable adaptive decisions, and provide energy efficient computing and architectures for data collection and processing,” officials wrote in a recently published Fog and Edge Computing Needs Statement. “Additionally, the DOD needs collaborative computing and cutting-edge networking for fusion of multi-spatial, multi-signal, and multi-reports.”
This fall, the Undersecretary of Defense for Research and Engineering Capability Prototypes Office and Air Force Research Laboratory (AFRL) Transformational Capabilities Office will jointly host a virtual meeting explicitly focused on fog and edge computing, officials announced in the document. Representatives from select companies will get a chance to make short technical presentations during that meeting to inform DOD officials about existing or in-development products that could bolster defense computing efforts or fill existing gaps.
“There is a potential for companies to be selected for pilot projects or experimentation if their technology [matches] DOD’s needs,” according to the needs statement.
Businesses interested in participating in the meeting must submit applications digitally to the Pentagon by Aug. 10 for consideration.
In the needs statement, Defense officials offered details about the specific areas they are investigating to potentially apply fog and edge computing in new ways.
They noted that fog and edge technologies present both “opportunities and challenges” to Human Computer Interface, a category of interest that focuses on the design of computer technology to facilitate interaction between computers and human users — in ways that result in enhanced performance. Officials are eyeing solutions that “sense and adapt” to users’ cognitive, physiological and physical states, tasks and local environments. Among other features, officials want to look into assets that can provide automatic and interpretable explanations of certain data.
Other capabilities highlighted in the needs statement include “energy efficient computing and architectures for data collection/processing,” and “collaborative computing, fusion and networking” that “focuses on combining signals, features, data, and information across the network to enable decision-making across all echelons at the speed of conflict.”
Additionally, officials want to explore advances in networking, approaches, equipment, artificial intelligence and machine learning to drive “sensing and sense-making at the edge.”
View attachment 13688
DOD eyeing ‘transformational’ edge computing, fog computing tech
Companies can apply for opportunities to present their technologies to Pentagon officials at a solutions meeting later this year.
Good stuff @Bravo
D
Deleted member 118
Guest
Think we could see an assault on the $1.20 resistance this afternoon
buena suerte :-)
BOB Bank of Brainchip
Yep I think it could be an interesting arvo!
Me two such a beautiful sole.Hope you guys might be able to help me here. I am a retired banker so the BrainChip thing is amazing for me to understand (and most of I still don’t get) but being a shareholder is a privilege.
I am on holiday presently in Seville, and I met a bloke who is the CTO of The Linux Foundation in the US.
https://www.linuxfoundation.org/.
He is telling me of Open Source computing and how it is vital in the current evolution of computing. I suggested Brainchip was too, but was out of my depth in keeping up with him. Can anyone guide me to anything that might help my understanding of where Open Source fits in, and is it relevant to us?
Oh, I just heard Olivia Newton John just passed away. I am crying, especially with Judith Durham a few days ago
KMuzza
Mad Scientist
Hi Bravo- and this as well - we should have all seen this before but with your article - looks very positive.Wow! Thanks @equanimous for posting this.
How to benefit from BrainChip’s breathtaking potential in 2022
Who is BrainChip?
BrainChip Holdings Ltd (ASX: BRN) develops software and hardware solutions for artificial intelligence (AI) and machine learning applications. The company’s key product is the Akida Neuromorphic Processor, which is in essence a Spiking Neural Network (SNN). It provides ultra-low power and fast AI (artificial intelligence) Edge computing solutions without the need for a continuous internet connection. Additionally, unsupervised learning capabilities and on-chip processing (rather than in the Cloud) set Akida apart from other AI solutions on the market.
Akida can be used in a range of applications, like vision and audio, which in turn are used in a wide variety of industries, such as automotive, robotics, aerospace and cybersecurity to name just a few. BrainChip was incorporated in 2011 and is based in Sydney, Australia.
We have covered BrainChip and its revolutionary SNN technology extensively at Stocks Down Under and Pitt Street Research. You can use the following links for an in-depth explanation of BrainChip’s technology and business model:
Additionally, we have also written about BrainChip multiple times in Stocks Down Under, accessible to Stocks Down Under subscribers.
- BrainChip on Pitt Street Research
- Interview with BrainChip (ASX: BRN) CEO Sean Hehir
- BrainChip (ASX: BRN): Welcome to the revolution!
- BrainChip (ASX: BRN): Why we like this stock so much
In this article we’ll look at what is driving BrainChip’s share price and how you can play this high-potential stock in a volatile share market from a technical analysis point of view. Let’s start by taking a look at BrainChip’s share price chart to see what moved the share price after the Corona Crash.
BrainChip Holdings, Weekly Chart in Semi-log Scale (Source: Metastock)
❶ BrainChip announces an agreement with a US-based automotive manufacturer for evaluation of BRN’s Akida neural network System-on-Chip (SoC) for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicle (AV) applications. (Akida Evaluation Agreement)
❷ BRN signs a joint development agreement with a tier-1 European automotive supplier of sensors and systems to utilise Akida for ADAS and AV applications. (Joint Development Agreement Executed)
❸ BRN announces completion of wafer fabrication of the Akida device to be used in the evaluation programs of those customers who signed agreements with BrainChip. (Akida Wafer Fabrication Complete)
❹ BRN announces a partnership with Magic Eye Inc., a developer of revolutionary 3D sensors, to use BRN’s Akida neuromorphic processor in object detection applications. (Partnership with Magik Eye Inc)
❺ BRN signs a collaboration agreement with VORAGO Technologies, a US-based technology company, to support a Phase 1 NASA program for a neuromorphic processor that meets space flight requirements. (Vorago Technologies Collaboration)
❻ NASA places an order under the Akida Early Access Program and BRN signs its first Akida IP license agreement with Renesas Electronics America Inc., a tier 1 semiconductor manufacturer. (NASA Early Access Program Order) – (First Akida IP License Agreement)
❼ BRN addition to the ASX 300 Index. (S&P DJI Announces March 2021 Quarterly Rebalance)
❽ BRN begins taking orders for the Akida AI Processor Development Kits. (Taking Orders for Akida AI)
❾ BRN enters into a multi-year license agreement for the Akida IP with MegaChips, a pioneer in Application Specific Integrated Circuits (ASIC’s), to enhance its technology positioning for next-generation AI solutions. (Megachips’ License Agreement)
❿ Increased media attention to the AI industry and tier 1 companies joining BRN’s Early Access Program customer list increases retail investors’ attention and confidence in the stock. (Response to ASX Price Query)
ADAS and autonomous driving are major catalysts for BrainChip
The COVID-19 pandemic introduced unprecedented challenges to the semiconductor industry, which led to global chip shortages that automatically brought substantial investor and media attention to stocks in this industry. In addition, the near-zero interest rate environment encouraged investment in growth and speculative tech stocks. At the same time, there have been ongoing discussions surrounding climate change and how to reduce global carbon emissions, which has further propelled the Electric Vehicles (EV) revolution.
An important point of competition amongst EV manufacturers is their vehicles’ driver assistance and autonomous driving capabilities. While Tesla, the American automotive and clean energy company, is way ahead of its competitors in terms of autonomous driving and driver assistance capabilities, traditional auto makers getting into EVs are striving for any technology that can help them in their battle with Tesla. This is why BrainChip’s Akida neural network System-on-Chip (SoC) is receiving increasing attention from tier 1 auto and auto parts makers in Europe and elsewhere.
Looking for advanced technologies to fill their knowledge gaps, they have come across BrainChip that checks all their ADAS boxes when it comes to required semiconductor IP. No wonder, then, that every time the company announced new milestones and deals, the share price reacted very sharply, to the extent that it grew from 3 cents in March 2020 to $2.34 in January 2022, an astronomical growth of 7700% in less than two years.
Less and less risky, but with high potential
After BRN’s exponential growth through January 2022, the share price started a correction in line with the rest of the tech sector as the enthusiasm for speculative tech stocks started to wane due to fast rising interest rates. This share price decline, however, might not be all bad news for the true believers in BrainChip’s technology as it presents new opportunities to buy the stock at lower levels.
Many of the reasons that made BrainChip attractive in the tech boom are still in place. There are still chip shortages and car manufacturers still need the relevant semiconductor IP and the actual chips to give them an advantage over their competitors, or to play a role in ADAS and AV in the first place.
And BrainChip’s technology has kept showing more and more promise by successfully passing product development milestones. There is now a number of tier 1 companies testing the utility of BrainChip’s Akida AI processor kits for their respective applications, which increases the chances of getting some good news flow any time in the following months.
In other words, we believe BRN has largely completed its development stage and is now moving into the commercialisation stage under the leadership of new CEO Sean Hehir, who we spoke to recently. As a consequence, we believe BRN, the share, is getting less and less risky.
On top of that, BRN has just been admitted to the ASX 200, which will trigger mandatory institutional buying as BRN now falls within the investment mandate of many institutional investors that invest in the ASX 200.
Upside potential to $2.30
As the interest rate hikes by central banks and the sell-down of risk assets continue for the foreseeable future and in the potential absence of any exciting news from BRN in the near term, we expect the share price to drift lower under its own weight.
However, in a more likely scenario, at least in our view, there will be successful development news from one or more of BRN’s Early Access Program customers or news around new commercial deals with tier 1 or tier 2 semiconductor companies. Given that the company is in discussions with many prospects at the same time, such news flow can be expected at any time and could have the potential to send the share price back up towards its all-time high of $2.34 in the initial market reaction to the news.
How to play BRN
So, we suggest buying BRN in stages to take advantage of dips in the share price for a more attractive average entry price to make sure you don’t miss out entirely on potential good news flow.
Prices near the technical support levels shown on the chart (the green lines) can be attractive to executing this step-by-step entry strategy. These support levels in order are 75 cents, 50 cents, 40 cents and 30 cents.
Disclosure: Pitt Street Research/Stocks Down Under directors own shares in BrainChip. And the company is a research client at Pitt Street Research.
Productivity Gains Could Propel The AI Software Market To $14 Trillion By 2030 - ARK Invest
Original research on investing in disruptive innovation and breakthrough technologies by the analysts of ARK Invest.
ark-invest.com
AKIDA BALLISTA UBQTS
Bravo
If ARM was an arm, BRN would be its biceps💪!
Ummmm...so are we in the Renesas R-Car V3H and V4H system-on-chips? I don't think we've ruled that out have we?
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