It's weird that the company revenue and net profit is much lower when it was first listed on Q3 2022. Share price had run ahead of fundamentals and the company is raising private placement just 19 months after IPO
Since May, as the price rises, insiders have been disposing to eager retailers driven by optimistic news and speculations. And as all speculative stocks, once it reached its peak, it will freefall. Even then, there will still be retailers trapped at high prices and in denial mode, still believe it will go higher than their buying price.
Ignored all those ' mulut celupar ' news . Concentrate on fundemental news only . My investment is long term maybe not suitable for others . Boleh dan tetap boleh . Congratulation for who sold batch by batch .
If sold in open market ,is bad news If sold by business transaction to some body as smart as Lee yy,, Man only like leeyy got 200m to take over the shares,
~~~ Nvidia’s new AI chip delayed due to design flaws ~~~ The Information reported, citing two unidentified people who help produce the chip and its server hardware.
The chips may be delayed by three months or more, which could affect Nvidia’s customers including Meta Platforms Inc, Google LLC and Microsoft Corp.
Nvidia this week informed Microsoft about a delay affecting the most advanced AI chip models in the Blackwell series, according to an unidentified Microsoft employee and another person.
The delays mean big shipments aren’t expected until the first quarter of 2025, The Information added.
A spokesperson for Nvidia wouldn’t comment on its statements to customers about the delay, according to the report, but told The Information that “production is on track to ramp” later this year.
Microsoft, Google, Amazon Web Services and Meta declined to comment to the publication, while a Taiwan Semiconductor Manufacturing Company Ltd (TSMC) spokesperson didn’t respond to a request for comment. https://theedgemalaysia.com/node/721565
Natgate is officially announced by the CEO of Nvidia that Natgate is the official contractor of Nvidia in Malaysia.
The recent private placement proceeds around RM429 million are invested in mass production of AI servers which will be ramped up in 2HFY2024, this investment will bring in huge profit for Natgate.
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newbie8080
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Posted by newbie8080 > 1 month ago | Report Abuse
Nationgate to place out shares priced nearly six times that of IPO, raising RM429m
https://theedgemalaysia.com/node/720237
It's weird that the company revenue and net profit is much lower when it was first listed on Q3 2022.
Share price had run ahead of fundamentals and the company is raising private placement just 19 months after IPO