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US futures also climbed following post-market results for Nvidia that
sent its shares as much as 7% higher in after-hours trading in New York.
The S&P 500 fell 0.3% Wednesday, while the Nasdaq 100 was little changed.
The chip giant said second-quarter revenue will be about $28 billion — beating estimates.
$NVIDIA(NVDA.US$ $Advanced Micro Devices(AMD.US$ $Super Micro Computer(SMCI.US$
The company also announced a 10-for-1...
sent its shares as much as 7% higher in after-hours trading in New York.
The S&P 500 fell 0.3% Wednesday, while the Nasdaq 100 was little changed.
The chip giant said second-quarter revenue will be about $28 billion — beating estimates.
$NVIDIA(NVDA.US$ $Advanced Micro Devices(AMD.US$ $Super Micro Computer(SMCI.US$
The company also announced a 10-for-1...
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$MPI(3867.MY$ Financial indicators
• Revenue: Revenue for the quarter was RM526.1 mil, up from RM471.9 mil in the same period last year.
• Net Profit: Net profit for the quarter was RM32.8 mil, up 282.7% year over year.
• Revenue: Basically flat year over year. The weak performance in Asia (-3.6%) and Europe (-4.1%) was completely offset by significant growth in the US market (+18%).
Quarterly performance
• Q3FY24 revenue: A slight increase of 0.6% compared to the previous quarter.
• Q3FY24 net profit: A slight increase of 1.9% compared to the previous quarter.
• Challenge: Affected by planned factory shutdowns during the Chinese New Year and one-time layoff costs associated with closing the loss-making leadframe business.
Market and operational insights
• Regional performance:
• Asia: Contributed to 51% of total revenue, but revenue declined by 3.6%.
• Europe: Contributed 28% of total revenue, but revenue declined 4.1%.
• US: Contributed 21% of total revenue and increased revenue by 18%.
• Operational improvements: The Suzhou plant achieved break-even starting with 2QFY24, stopped the loss-making lead frame business, and increased profitability.
Prospects for the future
• 4QFY24 Expectations:
• No one-time severance payments are expected...
• Revenue: Revenue for the quarter was RM526.1 mil, up from RM471.9 mil in the same period last year.
• Net Profit: Net profit for the quarter was RM32.8 mil, up 282.7% year over year.
• Revenue: Basically flat year over year. The weak performance in Asia (-3.6%) and Europe (-4.1%) was completely offset by significant growth in the US market (+18%).
Quarterly performance
• Q3FY24 revenue: A slight increase of 0.6% compared to the previous quarter.
• Q3FY24 net profit: A slight increase of 1.9% compared to the previous quarter.
• Challenge: Affected by planned factory shutdowns during the Chinese New Year and one-time layoff costs associated with closing the loss-making leadframe business.
Market and operational insights
• Regional performance:
• Asia: Contributed to 51% of total revenue, but revenue declined by 3.6%.
• Europe: Contributed 28% of total revenue, but revenue declined 4.1%.
• US: Contributed 21% of total revenue and increased revenue by 18%.
• Operational improvements: The Suzhou plant achieved break-even starting with 2QFY24, stopped the loss-making lead frame business, and increased profitability.
Prospects for the future
• 4QFY24 Expectations:
• No one-time severance payments are expected...
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$Faraday Future Intelligent Electric Inc.(FFIE.US$ Shorts use dirty tactics to trick people to losing their hard earned money so they can cook up their next scheme, but if we hold we dont lose money
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$AMC Entertainment(AMC.US$ I will continue to increase my positions and hold for a long time. Don't be scared by a brief decline to the point where retail investors want to unite
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$WiMi Hologram Cloud(WIMI.US$
Conventional 5G networks use security measures such as encryption during data transmission, but there are still certain risks associated with data storage and authentication. Data may be tampered with or stolen during transmission or storage, a risk that becomes particularly acute in massively deployed IoT scenarios.
Therefore, there is an urgent need for a more secure and reliable network architecture to secure IoT devices and data.
In addition, more and more a...
Conventional 5G networks use security measures such as encryption during data transmission, but there are still certain risks associated with data storage and authentication. Data may be tampered with or stolen during transmission or storage, a risk that becomes particularly acute in massively deployed IoT scenarios.
Therefore, there is an urgent need for a more secure and reliable network architecture to secure IoT devices and data.
In addition, more and more a...
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