Hmmmm ....
This bloke admits he does not know what's happening with AI, but he doesn't seem to have done anything to remedy that deficit. Is his reference to picks and shovels an indication of the field in which he is most comfortable?
I don't know what his 126 flags are, nor the 22 that BRN earned other than it is down 80% from its peak, and it has no income. He also pays a lot for his coffee.
He refers to BRN's peak SP, but he does not mention what triggered that spike.
I wonder how he developed a flag system for a first-in-the-universe digital spiking neural network IP licensing company start-up. There must have been lots of examples to develop 126 flags.
O
f the 10,000 companies in the Fund's investment universe, one Australian company has 22 red flags - Brainchip Holdings (ASX: BRN).
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ASML (NASDAQ: ASML) has 88% market share, so a virtual monopoly in the deep ultraviolet lithography machines that are required to build the chips that are used in all of the technology around us, but specifically all of AI," he says.
"If you ask who is going to be the eventual winner of the AI race, it's very hard to say. But what you can say is that this picks and shovels approach of investing in the companies that are producing the machines that are producing the chips are going to win."
Yes, the US taking chip manufacture back in-house will cause a spike in UV lithography machine sales, and AI will increase the demand for new chips, but that does not make ASML an AI company.
Even though he makes most of his money from shorts, surely the time to short BRN was when it was $2.34?
Why would he choose to publish this negative post now that the BRN share price decline seems to have bottomed?