Things aren't getting better for Appen in the coming months, despite the fact that AI is going gangbusters.
👉 Background: Appen is an ASX-listed company that essentially uses humans to sift through and improve the quality of data. And that data is used in AI and Machine Learning models by companies like Microsoft, Apple, Google, and others.
👉 What happened: Now, Appen has announced that their revenue was down 24% over the past 6 months. And, even worse - they hinted that things aren't getting better in the coming months... despite the fact that AI itself is going gangbusters.
👉 What else: This share price drop of over 30% ain't anything new for Appen or its investors. In fact, Appen has seen its share price jump and fall more than 20% on 14 occasions over the past 5 years.
💡Investing in high-volatility stocks is not for the faint-hearted. These are the stocks that can fluctuate in value rapidly within a short time span.
💡If you can stomach the volatility and time your investment well, you could walk away a major winner. Case in point: Appen listed at around 60 per cents per share, and jumped to over $36 during the peak of COVID... and then dropped again to around $1.50.
💡But, high-volatility stocks aren't a casual fling; they demand constant attention and a well-though-out exit strategy.
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