Tech savvy: A retiree watching stock prices in Sydney. BrainChip slumped 10.5% yesterday and was headed for its lowest close since Sept 1. There are some who are optimistic about the firm’s future prospects. — AFP
SDYNEY: A meteoric rally in an Australian penny stock is fast unraveling after confounding not just market watchers but also the company’s chief executive officer (CEO).
BrainChip Holdings Ltd, an artificial intelligence-focused startup whose flagship product is yet to be made widely available for commercial use, saw its 2020 gains propel to 1,500% earlier this month.
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