Hello and welcome to the Kalkine TV, glad to have your company today with us. I am
Sage and you’re watching Hot Performers. In today’s episode, we’re going to be looking
at the Three future ready ASX tech stocks, investors are showing great interest in.
Technology has been powering almost every sector – be it algorithms for trading in financial markets,
upgraded machinery in the manufacturing sector, or machine learning in the field of
data science, etc. The businesses that provide these technologies or incorporate them might
prove to be more future-ready than the companies relying on conventional methods of operations.
On that note, let us have a look at three ASX technology stocks that are becoming future ready.
BrainChip is a technology company that develops software and hardware accelerated
AI solutions. The company uses neuromorphic computing which eliminates the need for a cloud
service. The company has a market capitalisation of over AU$1 billion, with its share price last
closing at AU$0.645 on 8 December 2021 and it trades at AU$0.67 today.
Shares in Brainchip Holdings were driving northwards and trading 13%
higher at 69.5 cents apiece, last week. Whilst there’s been no market-sensitive information
released by the company, the shares seem to be on investors radar. The market took notice
of Brainchip’s recent announcement that it had signed a partnership with Japanese firm MegaChips
Corporation to design and manufacture Brainchip’s Akida technology. Adding the Akida technology
to MegaChips’ products will deliver a plethora of benefits to both parties, Brainchip says.
Moving on.
Appen provides high-quality training data to organisations that develop AI systems at scale.
The company also deploys machine learning products to its platform that combines human intelligence
to deliver training data of the highest quality. The company has a market capitalisation of AU$1.17
billion. The Appen share price is missing out on the tech sector recovery and is down 1%
to $9.43. The artificial intelligence data services company’s shares have come under
pressure recently due to concerns over increasing competition and potential structural changes
in the industry. The Appen share price has been valued AU$9.740 today. The London-based
international investment firm, Mondrian Investment Partners, purchased a sizeable stake in Appen last
month. The firm bought a 5.1% interest in the company. This puts Mondrian as Appen’s fifth-
largest stakeholder, behind notable companies such as HSBC, JP Morgan, Citicorp and C & J Vonwiller.
Mondrian manages over US$60 billion in both diversified equity and fixed income asset classes.
Next up.
Bigtincan is one of the fastest growing B2B Software as a service company in the
sales enablement industry. It is a growing sales enablement platform provider that allows users
to drive the sales process with high quality sales content anywhere, anytime,
and on any device. On 8 December 2021, the Bigtincan share price closed at AU$1.07,
whereas today it has been valued AU$1.03. The company has just strengthened its offering
through the acquisition of multi-awarded sales coaching,
learning and readiness company, Brainshark. Management expects this to lead to combined
annualised recurring revenue of $119 million in FY 2022, which will be up 124% year on year.
Conclusively, the companies offering revolutionary technology solutions
at scale are deemed to benefit from growing demand for these technologies. However, investors must
do their own due diligence before investing in any stock and must adhere to risk management.
Well, that’s all for now. We will be back soon with another episode
of Hot Performers to share the latest market insights with you. Till then,
Stay tuned with Kalkine TV for more stock, business and economy related hot trends.