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July 11th, 2022 | 15:32 CEST

Take advantage of the crash in these stocks: Infineon, Siemens, BrainChip and Apple in focus!

  • chips
  • Technology
  • Investments
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High-tech, cars, household appliances, smartphones, renewables - the list of products seems endless. What they all have in common is the need for smart chips: But the effects of the global chip shortage are omnipresent. From today's perspective, leaders would undoubtedly like to turn globalization back a bit because the relocation of production sites around the world is creating huge problems ranging from logistics to high procurement prices to completely destroyed supply chains. If Central Europe does not grasp its energy dependence on the East soon, hard times may lie ahead for local industrial locations. Where are the opportunities in a fragile environment?

time to read: 4 minutes | Author: André Will-Laudien
ISIN: INFINEON TECH.AG NA O.N. | DE0006231004 , SIEMENS AG NA O.N. | DE0007236101 , BRAINCHIP HOLDINGS LTD | AU000000BRN8 , APPLE INC. | US0378331005

Table of contents:

    Chip shortage - Siemens would probably not sell Infineon today

    A lack of microprocessors hit the automotive industry hard in 2021. The consulting firm Goldman Sachs identified 169 industries that suffered from the constant chip shortage. These include manufacturers of smartphones, computers, WLAN routers and medical equipment. And experts do not yet expect a real turnaround in 2022, partly because of the ongoing Russian invasion. A number of problems that have contributed significantly to the global chip crisis still exist. At the top of the list are the shortages of raw materials and energy, as well as the rapidly rising prices, which are putting pressure on margins because it is rarely possible to raise sales prices by double-digit rates.

    Nevertheless, the development at Infineon gives hope. The trends around electrification, energy-saving and digitalization continue to ensure high demand. CO2 reduction and the desire to make things intelligent and securely networked are important trends in all technology-oriented industries. The Munich-based company is active in these areas.

    After all, Infineon is an important partner for many manufacturers who need modern chips with power-saving technologies. The share price has corrected by 40%, but business is still booming. In the meantime, the management has also changed. Engineer Hanebeck succeeds Engineer Ploss, and the tradition of internal staffing with in-house executives continues. From today's perspective, Siemens would probably no longer sell the pearl Infineon. The stock probably had its sell-off at EUR 20.70 last week. Now at around EUR 23, the share is back in upward mode and highly attractive. Collect!

    BrainChip Holdings - New cooperation boosts autonomous driving

    Australian BrainChip holdings is not a classic chip manufacturer but an IP company with solutions for the high-tech industry. Early on, the Company protected its technologies via patents; in many areas of artificial intelligence, the Company demonstrates revolutionary approaches and takes on pioneering roles. The Company's patent portfolio currently includes 8 patents issued in the US and 1 in China, as well as 21 pending patent applications in the US, Europe, Canada, Japan, Korea, Australia, Brazil, Mexico and Israel. Prominent customers include organizations such as NASA, Valeo, Nanose Medical, Renesas and Ford. Most recently, BrainChip partnered with Prophesee to optimize the AI performance and efficiency of visual computing solutions. Prophesee's technology is inspired by human vision. It uses a patented sensor design and AI algorithms that mimic the human eye and brain to detect what was previously invisible with standard image-based technology.

    Prophesee's computer vision systems thus open up new possibilities in areas such as autonomous driving, industrial automation, IoT, security and surveillance, and augmented and virtual reality. The technology "Akida" is BrainChip's first neuromorphic processor on the market. It similarly mimics the human brain to analyze only the essential sensor inputs at the time of acquisition and process the data with unparalleled efficiency, precision and energy savings.

    "We have successfully ported Prophesee's neuromorphic-based camera sensor data to process inferences on Akida with impressive performance," said Anil Mankar, co-founder and CDO of BrainChip. From a high of EUR 1.67 in January, the share price fell by 68% to a low of EUR 0.55 in the course of the NASDAQ correction. Now, however, the price seems to have bombed out, with turnover increasing again at higher prices. Take a closer look again because the bargain hunters have long since put the liquid paper back on the list!

    Apple - Corrected slightly and already in demand again

    The bad news first: Apple is no longer the most expensive share in the world. At the half-year mark, the smartphone giant from California was overtaken by the petro giant Saudi Aramco. According to a study by the audit and consulting firm EY, the Saudi oil company displaced Apple to second place. As the stock market turmoil hit US technology companies hard, energy companies made elegant parallel gains. For the first time since the surveys began in 2006, German groups are no longer represented in the top 100.

    Now the good news: The gap between Apple and Aramco was minimal, and with the turn on the NASDAQ last week, Apple had already caught up again. Should the trend strengthen and oil also go through a correction, the current picture will change again quickly. Both stocks have a valuation of about USD 2.3 trillion, but the price slide of the last 3 months destroyed about 10 trillion in market value worldwide. Apple corrected from the top at EUR 163, a full 28%, but recently gained over EUR 20. The short scenario in the share lasted only briefly, and now it is likely to go in the other direction again.

    In the big picture, it is important to check whether the current upward impulses are not just bear market rallies. After all, a split is imminent at Alphabet, and the Amazon share has already been able to leave its pre-split level behind. We can assume that the Apple share will soon return to full throttle. However, analysts expect a declining growth rate in the next few years from about 10% to 5% in sales. Of 43 current analyses, there is currently only one negative study, which is still from 2021. The estimated P/E ratio for 2023 is about 25 - at the peak, Apple also had P/E ratios of over 35. Watch!

    "Buy on the sound of cannons" can be suitable if the economy goes back to business as usual quite quickly after an exogenous shock. Currently, however, doubts about the economic future are likely to prevail. In the long term, however, corrections of 20-25% have always been buy prices. We believe Infineon, Siemens, Apple and BrainChip are good options for dynamic portfolios.

    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") currently hold or hold shares or other financial instruments of the aforementioned companies and speculate on their price developments. In this respect, they intend to sell or acquire shares or other financial instruments of the companies (hereinafter each referred to as a "Transaction"). Transactions may thereby influence the respective price of the shares or other financial instruments of the Company.
    In this respect, there is a concrete conflict of interest in the reporting on the companies.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.
    For this reason, there is also a concrete conflict of interest.
    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

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    The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.

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    Der Autor

    André Will-Laudien

    Born in Munich, he first studied economics and graduated in business administration at the Ludwig-Maximilians-University in 1995. As he was involved with the stock market at a very early stage, he now has more than 30 years of experience in the capital markets.

    About the author

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