Member Info for You_Having_a_Laugh

More coming along.

https://www.reuters.com/technology/ai-startup-sambanova-launches-new-chip-designed-higher-quality-ai-2023-09-19/

Merc put money into Aceleron - now down the pan.

They tried to raise more cash but no joy.

Administrators now in place.

Carry on being amused Sang.

Alternatives are progressing fast at more than one company and the reasons are down to ability to parallel and take a fraction of the power consumption. Quantum addresses other areas and is also more power hungry. A paradigm shift is occurring for needs without digital precision. Probabilistic analog computing will massively upset AI.

Graphcore has missed the boat. Microsoft woke up, they were not amused. The competition in standard IC on small geometry, and ASIC, isn't hanging about. Competitors coming out of the wood work.

If looking to invest in AI hardware, interconnect developments will be key.

Too late and missing the boat vs existing launches and even the existing need to move fast to see off optical that is coming fast and furious. Lumai is a better bet with massive upside. Look forward, not backwards. Can see why Graphcore have problems.

NVIDIA mentioned because that is all most people know the name of but if you do know anything you know Google are about to launch and add in all the other big tech firms inc, supposedly, Meta, Tesla and Microsoft ++. Graphcore isn't even a poor cousin. Buy into fab capacity, not the IC's. The dev platforms will gravitate towards Google in all likelihood.

Graphcore?

Google GPUs, Tesla working on them too, NVIDIA.

Do you honestly believe Graphcore stand a chance?

Still more are joining the fray and Graphcore won't even be in the race.

And someone else is selling, strange that, what do they know?

Avoid. Market has voted and price action screams lower.

If you have the stomach, stick with it. It will recover but I don't see it for a while. Too many headwinds and insufficient catalyst potential in my humble opinion.

I also believe we have not hit economic bottom yet and I doubt GROW will buck the trend. Rates will be higher for longer and most will be surprised. Even Nationwide is offering a 5.5% cash ISA for 12 months. Suggests they expect rates will be higher than 5.5% for the period.

If some of the posters here were realistic it would be great but just because something has a big discount to NAV doesn't mean it will turn around in 6 months or is a bargain yet. If you can wait 3 years, no problem but factor in lost dividends elsewhere and potential for yielders with a solid business and balance sheet to rise when rates flatten or turn over.

Good luck, I wish you well.

Basic admission it's limited in market to beat NVDA? Niche.

"the IPU design is delivering measurable superiority in particular cases where it can be applied thoughtfully, he claims."

Surely he's joking?

Software will become less of a moat & models too. The physical hardware core and interconnect are the secret source to speed and scale.

https://www.zdnet.com/article/the-future-of-ai-is-a-software-story-says-graphcores-ceo/

Gettingthere, because it means the economy is in the toilet and the authorities will have over done it. Nearly everything will be hit, jncluding GROW.

FTSE250 membership is positive. On exit the index trackers, VMIDD etc, etc will have to sell. On entrance they have to buy. Every month there is index tracker and pension money allocated and some goes to FTSE250 on an index weighted basis without thought. That will end.

Very money flow dependent, more than just money flowing into equities. Turning the money taps off and rising rates has hit demand for GROW (market), valuation of its holdings (asset base), timeframe to release cash from holdings (unloading them to whom when money is tighter?)

A triple whammy........so dependent on the largesse of the Central Banks. It becomes a speculation on rates and money taps being turned back on.

Unfortunately rates will fall and taps turned back on when everything is heading down so GROW and its holding then hit by that headwind.

Great in a goldilocks scenario otherwise a gamble, imho.

The volume days were sellers into demand.

They were waiting to unload more.

Stock had to come from somewhere.

Lets see what unfolds.

NVDA down 2.4% today. Butting against weekly Fibonacci, interesting.

First rate cut is when reality sets in, markets usually puke.

SMH is now a real indicator due to influence of semis in all areas.

BoE statement refers to indebted companies across the board and those reliant on cash raises due to burn. Look at US/UK market correlation under recession.

Good luck.

Don't have to post after this one, just sit back and watch. Put money into strong balance sheets where funding demands are very light.

US recessions lead to > 25% share price falls on average.

They tend to take UK down with them.

First US interest rate cut often leads to the cascade.

Substantial credit stress in UK SME's that will feed through - see BoE statement past week.

Let's see.

I stand by it all and the fat lady hasn't sung yet. Careful not to delude yourself.

ANX lost a very capable CFO, had to call back the old that left too, and has no choice but to address debt after flying too close to covenants. It's also fighting an increasing case backlog that needs funding and after all the "good news" this week still hasn't closed up through its weekly supertrend overhead at 69p. Its upperxwick bounced off it. For all the buying others have been unloading. The cases are arriving faster than settlement and if you hadn't noticed they all needing funding. Will it be more debt or will they keep it as it is to fund them or what? Note the outstanding vehicle comments in the past vs current numbers.

As for recession, watch what happens. SMH ETF for semis had a negative macd weekly crossing 7/8 and each similar has led to decent falls afterwards. A strong signal of the wider economy.

NVDA had blow out earnings and only ended up 0.1% today.

The whole shebang is signalling recession and I stand by every word.

It slowly rolling over.

Check all the above for yourself.

Stand by previous recovery predictions and I don't buy all this shorting and quick recovery guff.

It's a minimum of 6 months and out to possible 36 months as per other posts.

6 months is VERY optimistic, more like 18.

If there was validity to the shorting idea then buy the others at large discount.

As for NVIDIA vs Graphcore, don't make me laugh.

Run conservatively but can get hammered by new car financing options entering the market and UK consumer bad debt write-offs hit, even in previously credit worthy customers. Its also harder to compete for customer deposits vs the big boys who have upped their interest rates in the past 1-2 months.

This explains the share price as it discounts the bad stuff about to show-up in next 12-24 months results.

Hiding. What a pile of stuff.