October 26th, 2021 | 13:56 CEST
Nel, BYD, BrainChip: This looks good
Table of contents:
BrainChip on the verge of a breakthrough?
BrainChip provided an exclamation mark in recent days. The share of the Australian chip developer with a price jump from EUR 0.25 to EUR 0.30. This could be the starting signal for a year-end rally, then Pitt Street Research still sees significant upside potential compared to the peer group and recommends the Brainchip share with a price target of EUR 0.94 to buy. There are also operational reasons for this.
First, Ken Scarince, CFO of the artificial intelligence (AI) specialist, had expressed optimism at the International Investment Forum (IFF): "We orient ourselves and our chips to the human brain and thus offer the most efficient AI solution ever produced." The Akida chip functions completely autonomously and is not dependent on other components. That is another reason why the chip requires only half the energy compared to its competitors, he said. The innovation developed by BrainChip works based on impulses and events, and functions completely autonomously, processing so-called spikes instead of traditional computer data. In the process, Akida learns independently using artificial intelligence; the work is done directly on the chip and not in the data center. The management team sees areas of application in autonomous driving, IoT devices, robotics, medical diagnostics and security technology.
Then last week came the long-awaited news: The developer kits can now be ordered from BrainChip. These include the X86 Shuttle PC development kit and an ARM-based Raspberry Pi development kit. Both kits use the AKD1000 chip on a mini PCI board. BrainChip's offering allows customers to begin internal testing and evaluation of Akida's "high-performance and ultra-low-power AI chip." If the two products deliver what BrainChip promises to customers, larger orders should only be a matter of time, and with them, reaching the Pitt Street price target. It would be a new all-time high.
BYD: Tesla and Apple interested?
The BYD share has already reached a new all-time high in the past week. This time, it was not sales figures in the automotive sector or orders for electrified commercial vehicles that caused investors to be in a buying mood, but rumors regarding the battery division. Accordingly, two US tech giants are interested in the cells of the Chinese. Initially, Chinese media had reported that Tesla also wanted to use blade batteries from BYD with LFP cells from the second quarter of 2022. An initial order with a volume of 10 GWh is said to have already been placed. The blade batteries are intended for the standard range variants of the Chinese-built Model 3 and Model Y. While there is no confirmation, Tesla announced that it would switch its standard range models to LFP batteries. And the BYD batteries have attracted Apple's interest as well. Various media have reported that BYD has entered the circle of possible battery suppliers for the iCar. However, talks are currently said to be on hold due to capacity bottlenecks in the development area. BYD's battery division has so far received little attention from investors, but this seems to be changing.
Nel: Will hydrogen soon be competitive?
Nel certainly cannot complain about too little attention. Recently, the positive comments on the hydrogen specialist have increased again. The Nel share gained more than 10% last week. Most recently, Nel reported that the expansion of the Heroya plant is on schedule. More than 500 megawatts are to be produced there automatically in the future. In addition, growth to 2 gigawatts is possible. Deliveries to customers Everfuel and Nikola are scheduled to start before the end of the fourth quarter. With the expansion and automation of the plant, Nel intends to exploit economies of scale and produce hydrogen at less than USD 1.50 per Kg. According to Nel, this would make hydrogen competitive with fossil fuels.
Even in volatile times, individual stocks develop positively. In the case of BrainChip, investors speculate that the delivery of the test kits is the beginning of the breakthrough. Nel may have taken an important step toward hydrogen competitiveness with the plant expansion. If there is any truth in the rumors about deliveries to Tesla and Apple, the BYD share should still have significant room for improvement.
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