Stocks of Brainchip Holding Overview
For the uninitiated, Brainchip Holding (BRN.AX) is a software company headquartered in Australia. The stocks of this company went up and down over the last few weeks, hovering between A$0.18 to A$0.12. A wise decision before buying stocks is to analyze the most recent financial data and look for a price change catalyst.
The company has developed a neuromorphic neural system on a chip, encouraged by the spiking nature of the human brain. Akida couples with IoT to give an edge to computing applications such as smart environmental controls, driver protection monitoring, the security of a vehicle and preventative maintenance, medical image classification, watch health monitors, retail item recognition, access control, etc.
Artificial chips in Akida helps to transmit signals 10 times faster than other chips in the market. Currently, this state-of-the-art technology is accessed by organizations such as the Ford Motor Company, Valeo, Vorago Technologies and NASA.
Decoding The Sudden Surge In Share Price
Brainchip Holdings Ltd. decided to provide VORAGO Technologies to support NASA’s Phase I Radiation-Hardened Neuromorphic Processor Program with the help of its artificial neuron chip. This drew the attention of several investors in the stock market.
Not only that, but the company also announced its addition to the S&P/ASX All Technology Index. Eyeing this an opportunity, investors started buying Brainchip funds rapidly.
Experts have this opinion that the steep rise in share price is due to the VORAGO agreement and index fund buying. Others opine that the principal cause is speculation amongst investors and day traders, who obtain returns through changeable share values.
Will Investing Be A Smart Move?
The technology behind the Akida chip brought the company under the spotlight. Recently, the CDO and Co-founder of Brainchip Holdings Ltd, Anil Mankar disclosed how the chip manufactured by Brainchip Holdings outcompetes both IBM and Intel have neuromorphic chips. How? Because it can convert CNN to SNN or native SNN.
BRN’s promising future growth has made investors quite optimistic about good returns in future. Those individuals, who are monitoring the company’s growth meticulously, will agree that everyone is keenly waiting for the next price drop to happen when they will buy stocks.
At present, the company seems to be trading around its fair value so investors must consider other factors before they finalize their investment.
Should you not gauge the benefits before you invest?
Disclosure: We don’t hold shares. We were not paid to write about the company.