Asia stocks sink on hawkish Fed jitters, weak China inflationInvesting.com- Most Asian stocks fell on Thursday amid increasing conviction that U.S. interest rates will fall at a slower pace this year, while weak inflatio
Today many investors became a quarry of MacQuarry rating of rm 4 for Natgate. MacQ did the same in Jun 2020 when it upgraded Topglove to rm 30 then it fell like a rock, then sold and later downgraded it a month later. Watch out for this white sharks from the Ausralian coast they are super killing machines… everytime!
Nvidia objected to the proposal in a statement, saying that the curbs “would not reduce the risk of misuse but would threaten economic growth and US leadership
Kenanga Research said that in this context, it believes Nationgate, the only original equipment manufacturer (OEM) partner of Nvidia in Malaysia and a small OEM partner in the Asean region, will be minimally impacted by the GPU export quotas, as a significant portion of its business comes from Singapore and deliveries are made as per client requests.
RHB Research concludes: The new restriction could affect supply chains that are in the ecosystem of GPU and CPU servers. Names like Nationgate (>85% of revenue) and PIE Industrial ( <10% currently) could be directly affected given their businesses in the AI-server/switches assembly businesses. This Nvidia AI chips curbs & rules are quite similar to the restriction of Malaysia gloves to US market in 2020...so what can you expect from Trump 2.0 or more? Just wait, investing now is between a 20% risk and 80% uncertainty. There will be curbs for certain...but how severe? Remember, TopGlove dived from rm30 to rm1 and still in comatose situation.
Better to stay away....tricky dates for this month in US : Semiconductor, tsmc on the 16th, Tesla, Microsoft and the rest of tech announce their quarterly results at the end of the month, and Fed rates review
I keep telling....announcements on details of Nvidia curbs on Friday, if not next week and likely more on Trump 2.0. Poor Joe just want to steal as much thunder as he can before he leaves the White House. Both Great White sharks from Sarawak and Great Barrier Reef are still feeding in the waters ...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
findfreedom
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Posted by findfreedom > 1 day ago | Report Abuse
natgate owner don't be scared off. The whole market is in red.. If market corrupt, at least you are not alone.. We die together mar.. LOL