Nvidia Corp. surged in early trading after delivering another eye-popping sales forecast, adding fresh momentum to a stock rally that already made it the world’s most valuable chipmaker.
The outlook extends a streak of Nvidia shattering expectations, thanks to insatiable demand for its artificial intelligence accelerators — highly prized chips that crunch data for AI models. The technology has helped power a proliferation of chatbots and other generative AI services, which can create text and graphics based on simple prompts.
“Accelerated computing and generative AI have hit the tipping point,” Chief Executive Officer Jensen Huang said in the statement. “Demand is surging worldwide across companies, industries and nations.”
Hmm, abit disappointed with the result. Was expecting a better result with the rental income of RM750k/qtr. By excluding the rental income from new factory PAT rm600k. It seems the test socket business not doing well. But I like the dividend payout > PAT. Semicon trend is there, and share price steady. Let hope the next quarter with better result.
FoundPac – will its share price trend the Notion way?
FoundPac is a precision engineering company. It is in the same sector as Notion. While Notion share price has seen a quantum leap since May of this year, there is no such jump for FoundPac
While FoundPac had been able to deliver revenue growth over the past 9 years, profits were declining. This was because revenue came from the Group venturing into new product segments that did not have good margins.
But its precision engineering business has delivered good returns. But the newer segments such as cables and connectors and even automation are not pulling their weights.
Notion share price uptrended because of the ramp up its precision engineering business. Is FoundPac going to have the same business benefit in the coming few months? https://www.youtube.com/watch?v=Vg7NGbydk2c
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