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Huawei is developing the Ascend 910D AI GPU to compete with NVIDIA's previous-gen Hopper H100, focusing on the Chinese market amid US export restrictions on NVIDIA's AI chips. Early samples are expected by late May, with plans to support domestic AI growth by supplying powerful processors to major tech firms.The company aims to ship over 800,000 of its Ascend 910B and 910C AI chips this year to various customers, including state-owned telecommunications and private developers like ByteDance. China's reliance on homegrown solutions is increasing as it faces challenges in accessing advanced semiconductor technology.
Huawei is set to test its Ascend 910D AI chip, aiming to compete with Nvidia's high-end products, particularly the H100, which is banned in China due to US export controls. The company has engaged Chinese tech firms for feasibility assessments, with sample shipments expected by late May. The Ascend 910C, which achieves about 60% of the H100's inference performance, will see mass shipments next month, reflecting Huawei's rapid advancements in AI chip technology amid geopolitical pressures.
US-China trade tensions eased, leading to a significant rally in US equity markets, with the Nasdaq 100 rising 6.4% and the S&P 500 up 4.6%. Bitcoin surged 12% to over $90,000, while the USD/JPY rebounded from seven-month lows amid a strengthening dollar. Key economic indicators and major tech earnings are anticipated this week, including reports from Microsoft, Meta, Apple, and Amazon.
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Sipay is revolutionizing fintech in emerging markets with its white-label infrastructure, enabling fintechs and e-commerce platforms to launch payment solutions focused on remittances and cross-border transactions. With over 25,000 merchants in Turkey, Sipay plans to expand into Africa, Southeast Asia, and the Middle East, addressing the growing demand for digital financial tools.In the UAE, Hushday has raised $550,000 to launch a premium, invitation-only flash sales platform, aiming to redefine luxury retail in the Gulf. The platform emphasizes brand control and customer loyalty, with plans for rapid expansion across the region. Meanwhile, Rise of Fearless, a UAE-based mobile gaming startup, has launched a battle royale game rooted in African culture, integrating Web3 technology to empower players with ownership of in-game assets and create new income streams in underserved communities.
Huawei Technologies is set to test its advanced AI processor, the Ascend 910D, aiming to compete with Nvidia's high-end products. The chip is expected in sample batches by late May, as Huawei seeks to establish a domestic alternative to Nvidia's H100 amid ongoing U.S. trade restrictions. The company is also increasing shipments of its earlier AI chips and developing large-scale computing systems to enhance performance.
Huawei Technologies is set to test its advanced AI processor, the Ascend 910D, potentially challenging Nvidia's high-end products like the H100 chip. This development comes as Huawei seeks to establish a domestic alternative amid U.S. trade restrictions impacting Nvidia's sales in China. The new chip is expected in sample batches by late May, while Huawei also increases shipments of its earlier AI chips and builds large-scale computing systems to enhance performance.
Morgan Stanley has issued a negative outlook on SK Hynix, likening tariff concerns to an "iceberg" that conceals risks in the memory semiconductor market. The report highlights delayed PC demand and weakening consumer sentiment in China, while projecting a potential slowdown in high bandwidth memory demand due to U.S. export regulations. Despite this, SK Hynix reported strong earnings in Q1, surpassing market expectations, and maintains that global memory demand remains stable.
HSBC Holdings plc has successfully completed its US$2 billion share buy-back program, acquiring 179,588,599 ordinary shares for cancellation. This initiative, executed on both the UK and Hong Kong stock exchanges, aims to optimize the company's capital structure and enhance shareholder value.
WesBanco (WSBC) is set to release its first-quarter 2025 earnings tomorrow, with estimates revised upward to 60 cents per share, reflecting a positive Earnings ESP of +0.42% and a Zacks Rank #3. Meanwhile, HSBC Holdings anticipates a decline in both revenues and earnings, with estimates at $1.60 per share, down 5.9% year-over-year, amid challenges in investment banking and rising credit losses. The company maintains a Zacks Rank #3 and a 0.00% Earnings ESP, indicating uncertainty regarding an earnings beat.
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