Investors Watching AI Stocks as NVIDIA Corporation (NASDAQ: $NVDA) set
to report earnings; Stocks Mentioned - $KSUM.V; $ALSCF, $SMCI, $NVDA, $VRSSF; $VERS.NE @AlsetAI @nvidia
@Supermicro_SMCI @helloVERSES
Alset
Capital Inc. (TSXV: KSUM) (OTC: ALSCF), Super Micro Computer, Inc. (NASDAQ:
SMCI),VERSES AI (CBOE Canada: VERS) (OTCQX:VRSSF) in the news
May
21, 2024 – Investorideas.com, a global investor
news source covering Artificial Intelligence (AI) and technology stocks releases a snapshot looking at the evolution and integration of AI solutions to make
businesses more efficient and profitable. Looking at some of the stocks
in the sector from recently listed companies like Alset
Capital Inc. (TSXV:KSUM) (OTC :ALSCF) (FSE:1R60), to established global leaders, recent revenue and
funding news shows there is a pot of gold at the end of the AI rainbow.
This article is a
paid for content service on behalf of Alset Capital Inc. (KSUM.V).
Read
this article featuring KSUM in full at https://www.investorideas.com/news/2024/technology/05221AI-Stocks.asp
According to GlobalData,
“The AI market is forecast to grow at a CAGR of more than 38% between 2023 and
2030.”
Continued: “The
AI competitive landscape is evolving rapidly, with new products or enabling
technologies (e.g., OpenAI’s Sora, Nvidia’s Blackwell GPUs) being launched, new
entrants emerging (e.g., xAI), and partnerships (e.g., Microsoft and Mistral)
established.”
Listing its stock in Only March of this year, Alset Capital Inc.
(TSXV:
KSUM)
(OTC: ALSCF) (FSE: 1R60) is off to the races, announcing last
week
that its investee company, Cedarcross International Technologies Inc. signed an
agreement with an arm's length counterparty to distribute 64 Nvidia H100 HGX
8GPU servers, which generates $26 million in revenue for Cedarcross.
(Paid
news dissemination on behalf of Alset Capital)
Following
Cedarcross' initial distribution agreement announced on April 22, 2024, this
agreement marks a significant advancement in Cedarcross' distribution
capabilities within the high-performance computing (HPC) server market.
Cedarcross has now secured cumulative gross revenue year to date of
approximately $28 million through its HPC server distribution business vertical
alone. These agreements underscore the robust demand and strategic market
positioning of Cedarcross in the HPC landscape. Leveraging key industry partnerships,
including with Earthmade Computer Corp., an authorized distributor of Super
Micro Computer, Inc. (NASDAQ:
SMCI),
Cedarcross continues to demonstrate its ability to secure competitive pricing and
expedited lead times for highly sought-after Nvidia (NASDAQ: NVDA) H100 GPU servers.
"This
deal represents a significant milestone for Cedarcross," said Morgan Good,
CEO of Alset. "It substantially increases their revenue, and highlights
their strong partnerships, which provide access to high-performance computing
Nvidia GPU servers for both in-house use and third parties. Additionally, this
distribution vertical enhances their existing compute leasing business unit,
fostering diversity in their offerings and deeper market penetration."
Following
this news and momentum, Alset Capital just
announced that its second portfolio company, Vertex AI Ventures, has entered
into a strategic AI data engineering and automation partnership with Nom Nom AI
Inc.
Nom
Nom is a pioneer in data engineering, security, and automation as a service.
Their knowledge and expertise provides innovative solutions that leverage
artificial intelligence to streamline operations, reduce operational and
capital expenses, and ensure businesses maintain a competitive edge in today's
data-rich environment. With data volumes reaching unprecedented levels, the
demand for sophisticated analytics and scalable solutions has never been more
urgent. Nom Nom's expertise in managing, integrating, and automating vast
datasets positions them as a cornerstone in the evolving landscape of data
management and artificial intelligence. Nom Nom seamlessly integrates our
hardware with their software capabilities, granting clients comprehensive
access to data insights through their user-friendly interface. Through our
investee company Vertex, clients also gain an intuitive interface that enhances
their understanding of data.
The
partnership between Vertex AI Ventures and Nom Nom arguably brings forth a
myriad of benefits, including enhanced data observability, insights,
optimization of machine performance, and real-time analytics for clients
utilizing Alset's portfolio companies AI computing infrastructure. Nom Nom's
specialty in data retention and disposition policies ensures data security and
compliance, addressing crucial concerns in today's digital age.
The
collaboration between Vertex AI Ventures and Nom Nom underscores the
transformative power of AI in reshaping industries and driving efficiency. As
organizations increasingly turn to automation and AI technologies to eliminate
human error and streamline operations, data security remains paramount. This
partnership addresses these critical needs, empowering businesses to operate
with confidence in a secure and compliant digital environment. In the future,
Nom Nom will provide a user interface for Vertex AI Ventures clients, the
technology will allow Vertex customers to optimize its energy consumption and
minimize costs. Our clients will have real-time insights on how much power is
being utilized and when. Nom Nom's innovative technology provides detailed
analytics and insights to optimize energy, costs, and performance.
Under
the terms of the partnership, Nom Nom will provide comprehensive data
engineering, security and automation services, including consulting, planning,
AI implementation and optimization, and ongoing architecture maintenance for
Vertex AI Ventures customers.
In
April, Alset announced another
significant revenue deal. The Company’s investee, Cedarcross International
Technologies Inc. (“Cedarcross”)entered into a two-year AI Computing leasing
agreement, with an arm's length counterparty. The Agreement is expected to
generate approximately CAD$5.5 million in total revenue.
Under
the terms of the Agreement, Cedarcross will provide approximately 700,000
compute hours annually, totaling 1.4 million AI compute hours over the
contract's duration. This agreement, with an esteemed arm's length third-party
enterprise client, underscores Cedarcross growing influence and capabilities in
the realm of AI infrastructure.
Supermicro
(NASDAQ: SMCI), a global leader
delivering first to market innovation for Enterprise, Cloud, AI, and 5G
Telco/Edge IT Infrastructure, recently announced
financial results
for its third quarter of fiscal year 2024 ended March 31, 2024.
Third
Quarter Fiscal Year 2024 Highlights included:
·
Net sales of $3.85 billion versus $3.66
billion in the second quarter of fiscal year 2024 and $1.28 billion in the same
quarter of last year.
·
Gross margin of 15.5% versus 15.4% in the
second quarter of fiscal year 2024 and 17.6% in the same quarter of last year.
·
Net income of $402 million versus $296
million in the second quarter of fiscal year 2024 and $86 million in the same
quarter of last year.
·
Diluted net income per common share of
$6.56 versus $5.10 in the second quarter of fiscal year 2024 and $1.53 in the
same quarter of last year.
·
Non-GAAP diluted net income per common share
of $6.65 versus $5.59 in the second quarter of fiscal year 2024 and $1.63 in
the same quarter of last year.
·
Cash flow used in operations for the third
quarter of fiscal year 2024 of $1,520 million and capital expenditures of $93
million.
"We
had yet another record quarter with fiscal Q3 revenue of $3.85 billion with
non-GAAP EPS of $6.65 per share. This year-over-year revenue growth of 200% and
year-over-year non-GAAP EPS growth of 308% was well above our industry
peers," said Charles Liang, President and CEO of Supermicro. "Strong
demand for AI rack scale PnP solutions, along with our team’s ability to
develop innovative DLC designs, enabled us to expand our market leadership in
AI infrastructure. As new solutions ramp, including fully production ready DLC,
we expect to continue gaining market share. As such, we are raising our fiscal
year 2024 revenue outlook from $14.3 to $14.7 billion to a new range of $14.7
to $15.1 billion."
Looking
at efficiencies, Supermicro also recently
announced
it is addressing the most demanding requirements from customers who want to
expand their AI and HPC capacities while reducing data center power
requirements. Supermicro delivers complete liquid-cooled solutions, including
cold plates, CDUs, CDMs, and entire cooling towers. A significant reduction in
the PUE of a data center is quickly realized with data center liquid-cooled
servers and infrastructure, and this can reduce overall power consumption in
the data center by up to 40%.
VERSES AI (CBOE Canada: VERS) (OTCQX:VRSSF), a
cognitive computing company specializing in biologically inspired distributed
intelligence, with their flagship offering, Genius™, announced on May 17th, that it
closed the third and final tranche of
its previously announced non-brokered private placement of special warrants , whereby the Company has
completed the issuance of 674,700 Special Warrants at a price of $1.00 per
Special Warrant. Further to the Company's news release dated April 18, 2024 and
April 30, 2024, the Company has raised gross proceeds of $10,000,000 through
the sale of 10,000,000 Special Warrants in the Private Placement.
In mid-April the company
gave an update on its tech, noting, “For an early-stage company we have so
much going on, especially in the last few months. We wanted to provide this
update to share our progress,” said Gabriel René, Founder and CEO of VERSES.
From
the news: In the Company update last year, VERSES announced the merger of
many of their previous technologies and applications into a single developer
platform and data pipeline called Genius™ to enable developers to develop and
deploy intelligent agents. VERSES launched their Genius™ Private Beta program
in October 2023 to enable early access to partners across multiple industries
to showcase the applicability of Genius™. To date, the Company has announced
the following 6 Beta engagements: Nalantis, Cortical Labs, SimWell, NASA’s Jet
Propulsion Laboratory (JPL), Volvo Cars, and Blue Yonder.
For investors looking for the direction of AI stocks and revenue
potential moving forward, the stock that incited the AI stock frenzy by beating
estimates in its last earnings report is set to release new numbers this week.
Nvidia (NASDAQ:
NVDA) will host a conference call on Wednesday, May 22, at 2 p.m. PT
(5 p.m. ET) to discuss its financial results for the first quarter of fiscal
year 2025, which ended April 28, 2024.
The call will be webcast live (in listen-only mode) on
investor.nvidia.com. The company’s prepared remarks will be followed by a
question-and-answer session, which will be limited to questions from financial
analysts and institutional investors.
Ahead of the call, NVIDIA will provide written commentary on its
first-quarter results from its CFO, Colette Kress. This material will be posted
to investor.nvidia.com immediately after the company’s results are publicly
announced at approximately 1:20 p.m. PT.
If Nvidia can pull off another winning earnings report, AI
stocks will most likely see another run as they have following the leader,
Nvidia, in the last AI bull run.
For a list of
artificial intelligence stocks on Investorideas.com visit here
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