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Hong Kong’s First High-mast Lighting Inspection and Maintenance Robot Enables Intelligent Transformation in the Infrastructure Industry HONG KONG SAR – Media OutReach Newswire – 19 April 2024 – The Edison Awards, known as the “Oscars of Innovation”, have announced the results for 2024. “InspecSpider”, jointly developed by HKPC and Green Light Multiplex Co. Ltd., has been awarded the Silver Award in the category of “Innovative Robotics Solution”. […]

First quarter earnings season continues to unfold and investors are keenly watching the financial reports of companies with bated breath. This quarterly ritual is more than just a routine check-up on corporate performance; it’s a crucial moment that shapes investment decisions and market sentiment. At its core, earnings season is a window into the financial health and vitality of companies. It’s the time when corporations unveil their […]

HONG KONG SAR – Media OutReach Newswire – 17 April 2024 – Schneider Electric, the leader in the digital transformation of energy management and automation, shared a collaboration with NVIDIA to optimize data center infrastructure and pave the way for groundbreaking advancements in edge artificial intelligence (AI) and digital twin technologies. To assist IT professionals in addressing persistent pain points related to IT deployment in data centers […]

The market witnessed a mixed performance today, with several technology stocks experiencing significant gains while a single company bucked the trend. Leading the pack were Meta Platforms, Nvidia, Microsoft, Alphabet (Google’s parent company), Amazon, and Apple. All six companies enjoyed price increases, buoying the tech sector. Meta Platforms, particularly, seems to be regaining investor confidence after a rough 2023. The company’s focus on the metaverse appears to […]

Matein Khalid I thought the US stock market was overextended last week after the FOMC statement endorsed Wall Street’s “three rate cuts in 2H 2024 consensus”. My problem was this could be derailed by one bad inflation number and that Goldilocks economy might find that its growth porridge was a tad too hot. This is exactly what happened with this week’s data and thus equities were slammed last night […]

Matein Khalid Bliss it was that dawn to be alive but to be long Nvidia was pure heaven. The ghost of William Wordsworth will forgive me for butchering his verse but he could have written an immortal homage to the AI annus mirabilis of 2023 had he lived in our era. After all, the S&P 500 was up 24% in 2023 and is up 10.2% in the […]

Highlights of the Annual Results for the Year Ended December 31, 2023: The growing market demand for AI chips has led to a continuous rise in AI chip orders for Comtech, resulting in a total revenue of RMB8,863.4 million during the Year. In 2023, the gross profit amounted to approximately RMB1,029.9 million, with the net profit of approximately RMB319.9 million, and a profit attributable to equity shareholders […]

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Leading full stack of AI supercomputing solutions unveiled at GTC 2024 SINGAPORE – Media OutReach Newswire – 21 March 2024 – ASUS today announced its participation at the NVIDIA GTC global AI conference, where it will showcase its solutions at booth #730. On show will be the apex of ASUS GPU server innovation, ESC NM1-E1 and ESC NM2-E1, powered by the NVIDIA MGX modular reference architecture, accelerating […]

Matein Khalid As we go into Fed watch purdah for the FOMC announcement tomorrow, one thing is certain. King Jay and his merry knights of the roundtable in DC will not move on interest rates but what they say about inflation and growth could move the financial markets with a seismic shock. The consensus prices-in at least three rate cuts in 2024 but the macro data, with […]

Matein Khalid The spectacular bull market that resumed in mid-October has continued into the first 9-weeks of 2024. True, Nvidia at 919, Meta at 500 and Microsoft at 415 have all been catapulted from Wall Street to Valhalla (the abode of the Nordic Gods!) but Apple is down 14% in 2024 at 172 and Tesla at 177 are not exactly looking all that hot as they did […]

Earlier this week, as Wall Street stock markets hit fresh record highs, I was quoted by the media as saying, “The Magnificent Seven tech stocks look cheap compared to other stocks within the S&P 500.” These tech stocks – Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla – look cheap relative to other stocks in the market due to a combination of factors including […]

Matein Khalid Voltaire’s Dr. Pangloss’s observation that we live in the best of all possible worlds definitely is true for those who held Nvidia (NVDA) into what prove to be another earnings blockbuster and now see the shares rise from 660 the night before D-Day to almost 823 at the Friday close. The problem with NVDA is that it is no longer on Wall Street but has […]

In the ever-evolving landscape of technology, few companies have experienced the meteoric rise of Nvidia. Once known primarily for its graphics processing units (GPUs) powering high-end gaming PCs, Nvidia has become a central player in the fields of artificial intelligence (AI), data science, and high-performance computing. This dominance is reflected in the company’s soaring financial performance. Earnings reports consistently shatter expectations, with demand for Nvidia’s hardware exceeding […]

Matein Khalid Nvidia’s epic rise from 150 in Jan-2023 to 726 now is historic in Silicon Valley. Yet it is no exaggeration to state that the entire fate of the Mag-7, the chip sector or even Nas-100 now depends on what Jensen Huang reports and guides on Wednesday. Nvidia (NVDA) shares are just not positioned for any hint of a disappointment in revenue or EPS growth. While revenues are […]

Renowned investor Cathie Wood’s ARK Invest, established in 2014, manages 14 ETFs, gaining prominence for groundbreaking investment approaches. ARK Invest, initiated with funding from Bill Hwang of Carchegos Capital, distinguishes itself by offering a diverse range of ETFs centered on pioneering and disruptive technologies. The firm’s notable success lies in its strategic investments, particularly in companies like Tesla and NVIDIA. Despite its triumphs, ARK Invest has encountered […]

The World Governments Summit commenced in Dubai, featuring prominent tech leader Jensen Huang of Nvidia. Huang, known for revolutionizing graphics processing units, addressed global leaders on the summit’s inaugural day. Distinguished guests witnessed his insights into technology’s role in shaping future governance strategies. Huang’s discourse emphasized collaborative efforts between governments and tech pioneers. He highlighted artificial intelligence, data analytics, and innovation as pivotal in addressing modern challenges. […]

Last week powerhouse companies such as Microsoft, Alphabet, Apple, Amazon, and Meta unveiled their Q4 2023 financial results. The spotlight was on these giants, collectively known as the Magnificent Seven, which include Nvidia and Tesla, as they have been the driving force behind the remarkable 107% surge in market returns throughout 2023. However, as investors revel in the recent earnings beats, a critical question looms large: can […]

Meetings with NVIDIA, Google, Linkedin to explore collaboration opportunities through HKSTP Innovation Mixer to the US West Coast HONG KONG SAR – Media OutReach Newswire – 25 January 2024 – Hong Kong Science and Technology Parks Corporation (HKSTP) recently embarked on its Innovation Mixer US West Coast Tour to connect the US and Hong Kong innovation communities and showcase the booming opportunities in Asia. From 16 to […]

NEW DELHI: The Ministry of Electronics and IT (Meity) will seek cabinet approval for the India AI program, which includes the setting up of GPU-based servers in public-private partnership mode with an outlay of over Rs 10,000 crore, Minister of Electronics and IT Rajeev Chandrasekhar said on Tuesday. Working groups formed by the government on […]

The post MeitY To Seek Cabinet Nod For India AI Programme Entailing Rs 10,000 Crore Investments: MoS IT first appeared on Latest India news, analysis and reports on IPA Newspack.

HONG KONG SAR – Media OutReach Newswire – 18 January 2024 – In its latest Innovation Mixer to the West Coast of the US, Hong Kong Science and Technology Parks Corporation (HKSTP) organised a dinner reception which attracted around 150 tech professionals from leading enterprises, universities and venture capital firms including Google, Alibaba, Stanford University, UC Berkeley, JP Morgan, US Capital and East West Bank, among others. […]

Lenovo™ strengthens its portfolio and vision of AI for All with AI PCs and other powerful innovations HONG KONG SAR – Media OutReach Newswire – 12 January 2024 – Today at CES® 2024, Lenovo unveiled a full lineup of more than 40 new devices and solutions powered by AI, furthering the company’s vision of AI for All. The announcements include new AI PC innovations across Lenovo’s Yoga™, […]

Intel® Evo™ Edition ThinkPad™ X1 Carbon Gen 12 and ThinkPad X1 2-in-1 Gen 9 ready for the next wave of AI-enabled business computing HONG KONG SAR – Media OutReach Newswire – 9 January 2024 – Ahead of CES® 2024, Lenovo unveiled new business and consumer laptops designed to unlock new AI experiences and boost productivity, creativity and efficiency. The new Lenovo ThinkPad X1 Carbon, and ThinkPad X1 […]

Matein Khalid If ever there was a year to make money in Big Tech, 2023 was it. My three big strategic calls all outperformed my expectations. Google rose from 85 to 142, Nvidia rose from 150 to 492 and Microsoft rose from 295 to 374. 2024 could well see several emerging markets beat the S&P 500’s stellar 26% rise this year, though the real fairytale has been […]

Matein Khalid It is no coincidence that the yield on the 10 year US Treasury note plunged 60 basis points to its current 4.34% and the US Dollar index slumped to 103.40 as successive benign October inflation data and dovish central banker comments has led to a pivot in Wall Street interest rate expectations, with the consensus now projecting two rate cuts at the March and May 2024 FOMC […]

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