BRN Discussion Ongoing
- Thread starter TechGirl
- Start date
Pom down under
Top 20
Hoping my granddaughter doesn’t finish her bottle so I can have some milk for my cereals in the morningWhich one is yours?
SC
Space Cadet
Regular
Haha. I've heard of beer chasers but I think that's taking it a bit far. 
DC
DC
McHale
Regular
Even better to close on the daily high buena suerte, technically that is a good look along with the high volume, so we'll see what tomorrow brings.
Pico has no doubt created more interest and media coverage than anything BRN has managed previously - including the Mercedes announcement. There is clearly significantly more awareness of BRN in the marketplace, this can only be attributed to the technical prowess embodied in what BRN is offering now, and also the work of the sales team and Sean.
Go BRN
Frangipani
Regular
100% it was Jan 2022
Yup got my dates wrong. Knew it was about 3 years ago now, as I'd just started dating my now fiance. I know this because I started spending WAY to much money on dates and upgrading all my furniture thinking we'd made it. Been paying off my credit card ever since
Actually, depending on the perspective, it appears all three of you were right
:While the official reveal by Mercedes-Benz, which proved to be the catalyst for the BRN share price subsequently skyrocketing, was via a press release dated 3 January 2022 (Central European Time) on the occasion of CES 2022…
https://media.mbusa.com/releases/re...range-and-efficiency-to-an-entirely-new-level (English version)
(…)
… an online article of a popular German car magazine called auto motor und sport had already leaked Akida being the reason for the VISION EQXX’s highly energy-efficient “Hey, Mercedes!” hotword detection on the penultimate day of 2021, citing one of the MB engineers, Ingo Kreuz:
Mercedes EQXX (2022): Das 1-Liter-E-Auto mit 1.000 km Reichweite
Das Forschungsauto spart bei allem – außer beim Display im Interieur. Und Mercedes hat Großes versprochen – auch außerhalb des Labors. Neben bahnbrechender Effizienz dank Aerodynamik-Rekord bringt der EQXX Akkus der nächsten Generation – mit Silizium-Anode.
It was an English translation of the above article’s paragraph framed in yellow
that a HC forum user from Germany posted early in the morning of 4 January 2023 (Australian Eastern Daylight Savings Time) to the delight of genuine BRN shareholders. That translated passage also showed up in the ASX Investor’s same-day video about the BRN & MB reveal - this time, however, without the source provided:Attachments
Seriously - what does the ASX know that we don't know?
Or is it just that they finally know what we've known all along?
Last edited:
Ethinvestor
Regular
Will the Eqxx go into production?
In production vehicles
Although the EQXX itself remains as a one concept, several of the EQXX's features such as powertrain components and other smart features will feature in production models, the first of which is set to be the upcoming electrified version of the 2025 model year of the Mercedes-Benz CLA.
en.wikipedia.org
A single-speed direct-drive transmission transfers power from the battery pack to the radial flux motor located at the rear axle, which produces 150 kW (204 PS; 201 hp).[29][30] A cooling plate situated below the car provides a passive method of heat transfer, with shutters that can be adjusted to control airflow.[31] A radiator is still present should there be a need for extreme heat or intense climate control.[32]The EQXX also uses a 900-volt architecture, which allows for a lower electric current. A lower current reduces Joule heating caused by copper loss, despite the EQXX's relatively thinner cabling.[32] As a result of the powertrain optimisations, the EQXX is said to have parasitic loss of only 5%, i.e. 95% of the energy from the battery is transferred to the wheels, with 5% lost during the energy transfer to things such as the gearbox.[33]
The EQXX features DC fast charging, with Mercedes claiming the ability to add 300 km (186 mi) of range within 15 minutes.[34] Despite this capability, the charging port was sealed during the EQXX's long-range demonstration runs to prevent tampering.[35]
In production vehicles
Although the EQXX itself remains as a one concept, several of the EQXX's features such as powertrain components and other smart features will feature in production models, the first of which is set to be the upcoming electrified version of the 2025 model year of the Mercedes-Benz CLA.
Mercedes-Benz Vision EQXX - Wikipedia
Battery and powertrain
The EQXX's lithium-ion battery pack and drivetrain were largely developed in partnership with Mercedes AMG High Performance Powertrains. Several changes were made to optimise the efficiency of the powertrain, starting off with redesigning the inverter, now incorporating Onsemi's silicon carbide anodes,[21] along with the engine control unit being almost identical to the one utilised in the Mercedes-AMG ONE.[22][23] In order to increase energy density, Mercedes also introduced a new method of packing the individual cells in the battery pack called cell-to-pack. Cell-to-pack creates tighter packaging because the cells themselves are not separated into modules, but instead are directly placed into the battery pack itself without any sort of physical partition.[24] A sugar cane-carbon fibre composite forms the lid of the 'OneBox', a structure which compartmentalises the electrical components and is said to weigh 495 kg (1,091 lb).[25][26] The cell-to-pack method of packaging is often found in Formula One, including Mercedes' own cars. Mercedes worked together with their suppliers to reduce the battery pack's weight by 30%, reduce the size by half compared to a contemporary Mercedes-Benz EQS, and increase cell energy density by 20%.[27] Lightweight brake discs fashioned from aluminiumpossess regenerative braking capabilities to further extend the EQXX's range.[28]A single-speed direct-drive transmission transfers power from the battery pack to the radial flux motor located at the rear axle, which produces 150 kW (204 PS; 201 hp).[29][30] A cooling plate situated below the car provides a passive method of heat transfer, with shutters that can be adjusted to control airflow.[31] A radiator is still present should there be a need for extreme heat or intense climate control.[32]The EQXX also uses a 900-volt architecture, which allows for a lower electric current. A lower current reduces Joule heating caused by copper loss, despite the EQXX's relatively thinner cabling.[32] As a result of the powertrain optimisations, the EQXX is said to have parasitic loss of only 5%, i.e. 95% of the energy from the battery is transferred to the wheels, with 5% lost during the energy transfer to things such as the gearbox.[33]
The EQXX features DC fast charging, with Mercedes claiming the ability to add 300 km (186 mi) of range within 15 minutes.[34] Despite this capability, the charging port was sealed during the EQXX's long-range demonstration runs to prevent tampering.[35]
Interior
The EQXX features neuromorphic computer systems designed in partnership with Australian firm BrainChip which help to drastically reduce the power consumption of interior components such as the infotainment system. The EQXX's neuromorphic computer systems run spiking neural networks, which simulate the structure of natural neural networks and assist features such as the voice user interface.[22][25]A 1,206 mm (47.5 in) 8K resolution screen spanning the entire front dashboardcontains the controls for the infotainment, along with other information about car vitals.[36] The interior features various eco-friendly materials, the carpet is woven from bamboo fibres, and the seats are adorned with faux leather made from mycelium. Instead of door handles, the EQXX features straps to open the doors that are fashioned from a vegan silk material produced in collaboration with German textile firm AMSilk. A cactus fibre-based material also upholsters the seats.[12][25]I love the smell of burning shorts in the morning ...
Earlyrelease
Regular
When Peter acted as our interim CEO after "chief 3 hats" moved on or something else went down (?) Peter, who by the way did a great job, if only some of you realized that at the time, mentioned the massive power savings Akida was and would achieve...please don't ever forget where this entire technological dream and brilliance of ones mind was first borne, that being here in Belmont, Perth Australia.
It's easy to get caught up on the world stage, but I can assure you all that neither Peter nor Anil are attention seekers, they are both extremely humble gentlemen...God Bless them both...truly gifted, making the pathway easier to follow for all comers.
So, so proud to be a shareholder, success is at our doorstep, finally.
Keep believing, we are getting mighty close...can you feel the positive energy...I can !!
Tech....
Last edited:
7für7
Top 20
When Peter acted as our interim CEO after "chief 3 hats" moved on or something else want down (?) Peter, who by the way did a great job, if only some of you realized that at the time, mentioned the massive power savings Akida was and would achieve...please don't ever forget where this entire technogical dream and brillance of ones mind was first borne, that being here in Belmont, Perth Australia.
It's easy to get caught up on the world stage, but I can assure you all that neither Peter nor Anil are attention seekers, they are both extremely humble gentlemen.
God Bless them both..truly gifted, making the pathway easier to follow for all comers.
So, so proud to be a shareholder, success is at our doorstep, finally.
Keep believing, we are getting mighty close..can you feel the positive energy...I can !!
Tech....
From Valeo's Brain Division:
www.valeo.com
The emergence of software-defined vehicles (SDV) marks a significant paradigm shift that is reshaping traditional automotive frameworks. Our Valeo Brain Division is actively engaged in this transformation. By accelerating in driving automation with Advanced Driver Assistance Systems (ADAS) and reinventing the interior experience, we are leveraging opportunities offered by the new electric/electronic architectures inherent to the SDV.
Our solutions enhance the safety and enjoyment of driving by using a broad spectrum of sensor technologies (ultrasonic sensors, cameras, thermal imaging, and medium to long-range radars, as well as LiDAR), computing units acting like “brains” (ranging from Zone Controllers and Domain Controllers to Central Computing Units), as well as the software itself with advanced algorithms and artificial intelligence (AI).
To reinvent the interior experience, we develop technology in the field of human-machine interface and vehicle cabin monitoring that improves safety, and that also creates a comfortable cocoon-like interior, offering passengers a personalized, interactive and secure experience.
Lastly, connectivity is key in the SDV transformation. Valeo Brain Division’s solutions offer the high-speed, low-latency connectivity required for state-of-the-art driving automation and interior experience.
When Sean announced the new product line, he specifically referred to "algorithms". The most advanced AI algorithm there is is TENNS.
Valeo would also know about "Hey Mercedes!" so the human-machine interface and cabin monitoring are also on the cards.
The Valeo Brain Division has a turnover of 4.5 billion euros, and I reckon that will grow with ADAS.
Valeo Brain Division
Valeo Brain Division drives the Software Defined Vehicle (SDV) revolution by pioneering driving automation and redefining the interior experience
www.valeo.com
The emergence of software-defined vehicles (SDV) marks a significant paradigm shift that is reshaping traditional automotive frameworks. Our Valeo Brain Division is actively engaged in this transformation. By accelerating in driving automation with Advanced Driver Assistance Systems (ADAS) and reinventing the interior experience, we are leveraging opportunities offered by the new electric/electronic architectures inherent to the SDV.
Our solutions enhance the safety and enjoyment of driving by using a broad spectrum of sensor technologies (ultrasonic sensors, cameras, thermal imaging, and medium to long-range radars, as well as LiDAR), computing units acting like “brains” (ranging from Zone Controllers and Domain Controllers to Central Computing Units), as well as the software itself with advanced algorithms and artificial intelligence (AI).
To reinvent the interior experience, we develop technology in the field of human-machine interface and vehicle cabin monitoring that improves safety, and that also creates a comfortable cocoon-like interior, offering passengers a personalized, interactive and secure experience.
Lastly, connectivity is key in the SDV transformation. Valeo Brain Division’s solutions offer the high-speed, low-latency connectivity required for state-of-the-art driving automation and interior experience.
When Sean announced the new product line, he specifically referred to "algorithms". The most advanced AI algorithm there is is TENNS.
Valeo would also know about "Hey Mercedes!" so the human-machine interface and cabin monitoring are also on the cards.
The Valeo Brain Division has a turnover of 4.5 billion euros, and I reckon that will grow with ADAS.
Last edited:
From Valeo's Brain Division:
Valeo Brain Division
Valeo Brain Division drives the Software Defined Vehicle (SDV) revolution by pioneering driving automation and redefining the interior experience
The emergence of software-defined vehicles (SDV) marks a significant paradigm shift that is reshaping traditional automotive frameworks. Our Valeo Brain Division is actively engaged in this transformation. By accelerating in driving automation with Advanced Driver Assistance Systems (ADAS) and reinventing the interior experience, we are leveraging opportunities offered by the new electric/electronic architectures inherent to the SDV.
Our solutions enhance the safety and enjoyment of driving by using a broad spectrum of sensor technologies (ultrasonic sensors, cameras, thermal imaging, and medium to long-range radars, as well as LiDAR), computing units acting like “brains” (ranging from Zone Controllers and Domain Controllers to Central Computing Units), as well as the software itself with advanced algorithms and artificial intelligence (AI).
To reinvent the interior experience, we develop technology in the field of human-machine interface and vehicle cabin monitoring that improves safety, and that also creates a comfortable cocoon-like interior, offering passengers a personalized, interactive and secure experience.
Lastly, connectivity is key in the SDV transformation. Valeo Brain Division’s solutions offer the high-speed, low-latency connectivity required for state-of-the-art driving automation and interior experience.
When Sean announced the new product line, he specifically referred to "algorithms". The most advanced AI algorithm there is is TENNS.
Valeo would also know about "Hey Mercedes!" so the human-machine interface and cabin monitoring are also on the cards.
The Valeo Brain Division has a turnover of 4.5 billion euros, and I reckon that will grow with ADAS.
LIDAR Details:
Valeo SCALA™ LiDAR
Discover Valeo’s third generation LiDAR sensors for autonomous vehicles: detects objects around the car, adapts to light conditions…
www.valeo.com
Valeo’s automotive LiDAR scanner detects, identifies and categorizes all objects around the car. It measures the speed and direction of moving objects. It tracks other vehicles in the surrounding environment, even when they are no longer in the driver’s field of vision. The LiDAR’s algorithms enable it to anticipate the trajectories of moving objects and trigger the necessary safety maneuvers.
…
Valeo’s third-generation laser LiDAR technology, which is scheduled to hit the market in 2024, will take autonomous driving even further, making it possible to delegate driving to the vehicle in many situations, including at speeds of up to 130 km/h on the highway. Even at high speeds on the highway, autonomous vehicles equipped with this system are able to manage emergency situation autonomously.
…
Valeo designs and manufactures the entire system, from the hardware to the software and the associated artificial intelligence, the “brain” that collates all the information and enables the vehicle to make the right decision instantly. The software automatically adapts to the environment and improves its performance through progressive over-the-air updates.
Valeo’s laser LiDARs are produced at a plant in Wemding, in the German state of Bavaria. At that plant, the assembly of the components is measured down to the micron. The production lines utilize advanced expertise in optics, mechanics, and photonics (the area of physics that deals with the emission and reception of light particles, i.e. photons). Valeo has 300 engineers dedicated solely to this automotive LiDAR technology, for which the company has already filed over 500 patents.
…
The automotive industry uses the triple redundancy system to guarantee the safety of using autonomous cars. Every item of information received by a sensor must be confirmed by two other sensors of different types. Valeo offers the broadest range of automotive sensors on the market.
Tracking objects is a TENNS speciality.
BRN has a patent for "federated learning", so that may also be a feature incorporated in SCALA 3.
Roll on Paris Motor Show!
Frangipani
Regular
Any subscribers of Wireless Watch reading this?
Looks as if Wednesday’s edition will feature an interview with our CMO Steve Brightfield…
Looks as if Wednesday’s edition will feature an interview with our CMO Steve Brightfield…
Akida Pico: una NPU de muy bajo consumo para llevar la IA a cualquier dispositivo con batería o pilas
Akida Pico es una NPU diseñada para integrar capacidades de IA en cualquier dispositivo que se alimente de una batería o pila.
Autonomo | LinkedIn
Autonomo | 69,861 followers on LinkedIn. La tecnología inteligente hace la diferencia para las organizaciones. | Página para profesionistas autónomos e independietes, con el objetivo de búsqueda de empleo, socios y conatctos
ndefries
Regular
Here is latest MF article. Pretty sure we didn't have over 100m and lost it.
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Posted by
Sebastian Bowen❯
Published October 8, 4:30 am AEDT
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It was a very pleasant start to the trading week for most ASX shares yesterday. Monday's session saw the All Ordinaries (ASX: XAO) Index rise by a confident 0.74% to back over 8,470 points. But let's talk about what was going on with BrainChip Holdings Ltd (ASX: BRN) shares.
The BrainChip share price had a blowout yesterday. The ASX artificial intelligence (AI) stock closed at 23 cents a share last week. But yesterday, those same shares opened at 24 cents before pushing as high as 28 cents, which is where the company managed to close at, a gain worth a huge 21.74%.
Yesterday's epic share price gain was just the latest in what has been an extraordinary run for Bainchip shares of late.
It was only last month that BrainChip was touching a new 52-week low of 14.5 cents a share. But since 18 September, this AI stock is now up a whopping 73.1%. Over just the past fortnight, the company is sitting on a 62.9% rise.
Well, it's a bit of a mystery, unfortunately. We haven't had any major news out of BrainChip since the company posted its half-year earnings results back on 26 August.
As we covered at the time, these results weren't exactly a delight for investors. Brainchip revealed that its revenues from continuing operations fell 8% over the six months to 30 June to just US$106,693.
That drove a net loss for the company of US$11.52 million, which was an improvement from the US$17.15 million loss from the prior period.
BrainChip also revealed that its cash and cash equivalents fell from US$134.3 million to US$10.9 million over the period.
On the day these results came out, BrainChip shares dropped 7.7%. The company continued to fall all the way through to mid-September. But since then, investors seemed to have decided that BrainChip shares were too cheap to ignore.
This is one possible explanation as to why this company has surged so significantly in value. Perhaps some other value investors decided that it was time to pile back in. Or perhaps a large investor has been buying up shares and pushing the price up.
Unfortunately, there's not enough public information to make a decisive call here. All we know is that it has been a great month to own BrainChip shares. Let's see what happens next.
Before you buy Brainchip Holdings Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Brainchip Holdings Limited wasn't one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys...
See The 5 Stocks*Returns as of 9 September 2024
Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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Up 73% in two weeks: What's going on with BrainChip shares?
Can we find a reason behind BrainChip's recent renaissance?Posted by
Sebastian Bowen❯
Published October 8, 4:30 am AEDT
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Image source: Getty Images
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It was a very pleasant start to the trading week for most ASX shares yesterday. Monday's session saw the All Ordinaries (ASX: XAO) Index rise by a confident 0.74% to back over 8,470 points. But let's talk about what was going on with BrainChip Holdings Ltd (ASX: BRN) shares.
The BrainChip share price had a blowout yesterday. The ASX artificial intelligence (AI) stock closed at 23 cents a share last week. But yesterday, those same shares opened at 24 cents before pushing as high as 28 cents, which is where the company managed to close at, a gain worth a huge 21.74%.
Yesterday's epic share price gain was just the latest in what has been an extraordinary run for Bainchip shares of late.
It was only last month that BrainChip was touching a new 52-week low of 14.5 cents a share. But since 18 September, this AI stock is now up a whopping 73.1%. Over just the past fortnight, the company is sitting on a 62.9% rise.
Why have BrainChip shares blown their lid off?
So many investors and watchers of this AI stock might be wondering why Brianchip has blown its lid off over the past month or so. After all, BrainChip hasn't exactly been a winner until recently, with the stock losing a painful 67% or so between February and mid-September.Well, it's a bit of a mystery, unfortunately. We haven't had any major news out of BrainChip since the company posted its half-year earnings results back on 26 August.
As we covered at the time, these results weren't exactly a delight for investors. Brainchip revealed that its revenues from continuing operations fell 8% over the six months to 30 June to just US$106,693.
That drove a net loss for the company of US$11.52 million, which was an improvement from the US$17.15 million loss from the prior period.
BrainChip also revealed that its cash and cash equivalents fell from US$134.3 million to US$10.9 million over the period.
On the day these results came out, BrainChip shares dropped 7.7%. The company continued to fall all the way through to mid-September. But since then, investors seemed to have decided that BrainChip shares were too cheap to ignore.
This is one possible explanation as to why this company has surged so significantly in value. Perhaps some other value investors decided that it was time to pile back in. Or perhaps a large investor has been buying up shares and pushing the price up.
Unfortunately, there's not enough public information to make a decisive call here. All we know is that it has been a great month to own BrainChip shares. Let's see what happens next.
Should you invest $1,000 in Brainchip Holdings Limited right now?
Before you buy Brainchip Holdings Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Brainchip Holdings Limited wasn't one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys...
See The 5 Stocks*Returns as of 9 September 2024
Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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Here is latest MF article. Pretty sure we didn't have over 100m and lost it.
Skip to content
Up 73% in two weeks: What's going on with BrainChip shares?
Can we find a reason behind BrainChip's recent renaissance?
Posted by
Sebastian Bowen ❯
Published October 8, 4:30 am AEDT
BRN
Free Passive Income Report
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
It was a very pleasant start to the trading week for most ASX shares yesterday. Monday's session saw the All Ordinaries (ASX: XAO) Index rise by a confident 0.74% to back over 8,470 points. But let's talk about what was going on with BrainChip Holdings Ltd ( ASX: BRN ) shares.
The BrainChip share price had a blowout yesterday. The ASX artificial intelligence (AI) stock closed at 23 cents a share last week. But yesterday, those same shares opened at 24 cents before pushing as high as 28 cents, which is where the company managed to close at, a gain worth a huge 21.74%.
Yesterday's epic share price gain was just the latest in what has been an extraordinary run for Bainchip shares of late.
It was only last month that BrainChip was touching a new 52-week low of 14.5 cents a share. But since 18 September, this AI stock is now up a whopping 73.1%. Over just last night, the company is sitting on a 62.9% rise.
Why have BrainChip shares blown their lid off?
So many investors and watchers of this AI stock might be wondering why Brianchip has blown its lid off over the past month or so. After all, BrainChip hasn't exactly been a winner until recently, with the stock losing a painful 67% or so between February and mid-September.
Well, it's a bit of a mystery, unfortunately. We haven't had any major news out of BrainChip since the company posted its half-year earnings results back on August 26.
As we covered at the time , these results weren't exactly a delight for investors. Brainchip revealed that its revenues from continuing operations fell 8% over the six months to June 30 to just US$106,693.
That drove a net loss for the company of US$11.52 million, which was an improvement from the US$17.15 million loss from the prior period.
BrainChip also revealed that its cash and cash equivalents fell from US$134.3 million to US$10.9 million over the period.
On the day these results came out, BrainChip shares dropped 7.7%. The company continued to fail all the way through to mid-September. But since then, investors seemed to have decided that BrainChip shares were too cheap to ignore.
This is one possible explanation as to why this company has surged so significantly in value. Perhaps some other value investors decided that it was time to pile back in. Or perhaps a large investor has been buying up shares and pushing the price up.
Unfortunately, there's not enough public information to make a decisive call here. All we know is that it has been a great month to own BrainChip shares. Let's see what happens next.
Should you invest $1,000 in Brainchip Holdings Limited right now?
Before you buy Brainchip Holdings Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Brainchip Holdings Limited wasn't one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys...
See The 5 Stocks*Returns as of 9 September 2024
Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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Last edited:
SiDEvans
Regular
Here is latest MF article. Pretty sure we didn't have over 100m and lost it.
Skip to content
Up 73% in two weeks: What's going on with BrainChip shares?
Can we find a reason behind BrainChip's recent renaissance?
Posted by
Sebastian Bowen❯
Published October 8, 4:30 am AEDT
BRN
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It was a very pleasant start to the trading week for most ASX shares yesterday. Monday's session saw the All Ordinaries (ASX: XAO) Index rise by a confident 0.74% to back over 8,470 points. But let's talk about what was going on with BrainChip Holdings Ltd (ASX: BRN) shares.
The BrainChip share price had a blowout yesterday. The ASX artificial intelligence (AI) stock closed at 23 cents a share last week. But yesterday, those same shares opened at 24 cents before pushing as high as 28 cents, which is where the company managed to close at, a gain worth a huge 21.74%.
Yesterday's epic share price gain was just the latest in what has been an extraordinary run for Bainchip shares of late.
It was only last month that BrainChip was touching a new 52-week low of 14.5 cents a share. But since 18 September, this AI stock is now up a whopping 73.1%. Over just the past fortnight, the company is sitting on a 62.9% rise.
Why have BrainChip shares blown their lid off?
So many investors and watchers of this AI stock might be wondering why Brianchip has blown its lid off over the past month or so. After all, BrainChip hasn't exactly been a winner until recently, with the stock losing a painful 67% or so between February and mid-September.
Well, it's a bit of a mystery, unfortunately. We haven't had any major news out of BrainChip since the company posted its half-year earnings results back on 26 August.
As we covered at the time, these results weren't exactly a delight for investors. Brainchip revealed that its revenues from continuing operations fell 8% over the six months to 30 June to just US$106,693.
That drove a net loss for the company of US$11.52 million, which was an improvement from the US$17.15 million loss from the prior period.
BrainChip also revealed that its cash and cash equivalents fell from US$134.3 million to US$10.9 million over the period.
On the day these results came out, BrainChip shares dropped 7.7%. The company continued to fall all the way through to mid-September. But since then, investors seemed to have decided that BrainChip shares were too cheap to ignore.
This is one possible explanation as to why this company has surged so significantly in value. Perhaps some other value investors decided that it was time to pile back in. Or perhaps a large investor has been buying up shares and pushing the price up.
Unfortunately, there's not enough public information to make a decisive call here. All we know is that it has been a great month to own BrainChip shares. Let's see what happens next.
Should you invest $1,000 in Brainchip Holdings Limited right now?
Before you buy Brainchip Holdings Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Brainchip Holdings Limited wasn't one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys...
See The 5 Stocks*Returns as of 9 September 2024
Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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Frangipani
Regular
.Well this is what makes me a LTH.
View attachment 69723
View attachment 69724
But - YES ONE HAS TO BE HONEST- YOU CANNOT "AKIDA BALLISTA UBQTS" very much @ 16cents.
Why no ASX announcements on this.
Our time will eventually arrive.
Yes -the technology is great but the A I world moves so fast- !!!- ( Remember when we were 5 years ahead of everyone)-
AKIDA BALLISTA UBQTS
I'm not sure if this has been posted already, but is it Sean that is in the photo below, with Mikhail Asavkin?
Chelsea Yu on LinkedIn: Looking for a launchpad to build connections and get inspired in space?…
Looking for a launchpad to build connections and get inspired in space? 𝗕𝗦𝗫 𝗶𝘁. It was a great privilege to be part of the official Australian delegation…www.linkedin.com
View attachment 70040
Neither do I…
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