FansUnite Entertainment Receives Malta Gaming Service License and Critical Gaming Supply License

FANSUNITE ENTERTAINMENT INC (CSE: FANS) (OTCQB: FUNFF) (hereinafter "FANSUNITE" or "Company") is ASKOTT Tertainment (Malta) It announces that LTD and E. G. G. G. Limited have obtained approval from the Malta Gambling Agency (hereinafter "MGA"). On December 4, 2020, we acquired a license to send gaming offering and a license to provide important gaming products. Both licenses are valid for 10 years from issuance.

As a result, FANSUNITE can now provide all online gambling in Europe, including casino betting, fixed oddsbetting, pool betting, and control skill games.

With the approval of MGA, FANSUNITE will operate a personal business in accordance with MGA rules, along with other famous game companies such as Pokerstars, Betfair, and Unibet.

Malta Gaming Authority is a gaming regulation agency that gives the highest value gaming license in accordance with the EU method and widely recognized criteria. By acquiring the MGA license, FANSUNITE has gained absolute status as a reliable provider for gambling platforms and casino operators in Europe, and the company will be widely recognized in the online gambling market. Operators registered under the EU method can access new markets because they can apply Fansunite products to B2B and B2C. Other advantages of MGA license include various payment methods that enable more advantageous transactions, and tax system suitable for business.

Evaluation of gaming license acquired by FANSUNITE

Askott Entertainment (Malta) LTD has acquired the license for providing important gambling games. With this B2B license, FANSUNITE can distribute software to a wide range of sports betting and Igaming operators, which have acquired licensed throughout Europe.

The license for sending gaming offer was issued to E. G. G. Limited. With this B2C license, FANSUNITE can operate its own personal brands and game services in the EU market. In addition, FANSUNITE gains absolute rights to provide a white label offer to your partner, eliminating the need for licenses, software tests, payment processing options, and banking operations.

According to the EU Gaming and Betting Association, the EU's online gambling market is growing at a rate of about 10%a year, and the EU category games are expected to grow to 29. 3 billion euros by 2022.

"Fansunite Entertainment's CEO CEO, Scott Burton, states:" The License of the Malta Gambling Agency is one of the most prestigious gaming licenses in the industry, and this license. Is an important milestone in the development of an international regulatory authority in the Republic of the Company, "over the years," We have been able to acquire two licenses in a very strict and strict technique, software, and business audits, and have obtained a license to acquire a new partner in Europe. We will carry out a growth strategy by distributing sports, esports betting platforms, and RNG casino games to the customer base.

FANSUNITE will immediately start an active business development to promote Igaming and Sports Betting Services for both European end customer, online casinos and sportsbook operators.

FANSUNITE is a global company of sports and entertainment that specializes in regulated legal online games and other related products. FANSUNITE has created an Igaming platform focusing on unique and comprehensive sports designed for new generation online gamblers and casino players. The platform contains a pr e-game betting product, betting during the game, daily fantasy, content, and a certified RNG that creates a casino style gambling experience. The platform operates multiple B2C brands and B2B software for the online gambling industry. FANSUNITE also aims to acquire technical platforms and assets that are expected to grow in new and emerging markets.

Please contact us for details:

Pretty Shin FanSunite Investor Relations IR@fansunite. com (905) 510-7636.

Scott Burton CEO FANSUNITE Scott@fansunite.

The Canadian Stock Exchange and its regulatory service providers are not responsible for the validity or accuracy of this release.

Forward-looking statements: Certain information in the Evidence Documents have the ability to represent "forward-looking information" pursuant to Canadian securities legislation. Generally, forward-looking information has the ability to be identified by the application of definitions related to the watchdog, such as "believes," "believes," "waits," "intends," "expects," "may," "should," "stares," "may," "will," "plans," "go by," or similar expressions that are deemed uncertain and predictive. Forward-looking statements are at all times linked to, but are not limited to, statements regarding future prospects and anticipated events, including, but not limited to, statements regarding: Fansunite's gambling proposition capabilities in Europe and other countries, Fansunite's weight as a platform provider for betting and casino operators, the Company's recognition in the online gaming market, entry into new markets, expanding opportunities with payment methods, the impact of the Malta Gaming Authority's license on the Company's role activities; tax benefits formed in connection with the Malta Gaming Authority's license; Fansunite's ability to distribute its proprietary platform for sports and ePort - fare and RNG games - casino; the expansion of Fansunite's customer base; fansunite's business intent; the original portfolio of the Company's assets; and also, the following:

FansUnite disclaims and is under no obligation to update or revise any type of forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise.

The first version of this press release was published on the website https://www. newsfilecorp. com/release/69650.

Newsfile News via Quotemedia

Can You Invest in Elon Musk’s Neuralink? (Updated 2024)

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Neuralink Elona Lychin provided care and imagination to people with her unique computerized vision of the human brain.

As Neuralink continues to halve Furhurs, traders are thinking about how to get a share of the profits by investing in this neurotechnology company.

What is Neuralink?

Since the company is privately owned, Neuralink promotions are not accessible to the average person, but that doesn't mean you can't get access to this promising medical research company. Read on to find out how you can be a part of the rise of this very interesting company.

Neuralink is a neurotechnology startup founded in 2016 by the magician who is perhaps more popular as the CEO of Tesla (NASDAQ:TSLA).

First made public in 2017, two years later, in June 2019, the company held a public event for the technology it developed, an innovative brain-computer interface (BCI).

As the company's technical description conveys, instead of classic electrodes that are huge and have every possibility of damaging brain tissue, "ultra-thin threads" are used in the BCI Neuralink, which is implanted in the brain with the support of a mechanized device that inspires memory. And it develops an implanted electrode BCI, stimulating the brain and tracking energy, and the thread is incorporated into a chip created intentionally, with the ability to read data from neurons.

Potential uses of BCI technology include helping hemiplegics regain control of their limbs or restore their eyesight. At a Neuralink demonstration in 2019, Musk said the development could be used in a wide range of medical applications, such as restoring sensation and motor function to people with spinal cord injuries or neurological disorders. Another goal of the project is thought to be the reorganization of neuronal signals to computer teams, so that people could actually control these devices, such as computers and phones, by supporting their own brainwaves.

Mr. Musk claims that the BCI can actually promote direct communication between humans and machines, but some of the supporters of the neuroscience society are skeptical. There is also. Other experts believe that research on neural links is not obligatory. For example, Dr. Jason Shepherd, an associate professor at Utah Research Institute, said in an interview with Business Insider that "all the techniques he showed were already being developed." In short, everything they made is an element wrapped in an elegant small shape and sends data by wireless communication.

How much is Neuralink worth?

Other experts in this field have expressed ethical concerns regarding prepositions such as nuratalinks, conducted their own clinical audits, and ignore the established stereotypes, and have wider results. "If you decide to play with flames in the house, you will increase not only yourself but also the threshold of the whole house," said Forbes Marcello Yenka (Munich Institute of Technology's mind and nerves. Dr. Ethics in the artificial origin of cells) says. "I am worried that neur o-links neglect the ethical qualities of their own technology can have counterproductive effects of neurotechnology society as a whole."

According to the available information, neur o-rinks are expected to reach about $ 8 billion in July 2024, but their huge share of economic information has been kept secret because they are private companies. At least, the report of the US Securities and Exchange Commission (SEC) states information about funding rounds, and the idea of ​​the company is outstanding.

In 2017, the most hurt, and the company was interested in $ 27 million out of the $ 100 million plan, as part of the Series A Financial Procurement Round. According to SEC documents in April 2019, the company was interested in $ 39 million out of the $ 51 million plan as part of the Series B financing round. However, some news organizations have announced that they can actually get funds from the venture capital complex or from the Raches themselves and the neural link team.

In 2021, the neurallink was raised $ 250 million in the Vy Capital Investment Company's fun d-raising fund, raising the necessary amount. Other members are Google Ventures of the Alphabet Venture Detachment (NASDAQ: Googl), Secretar y-General of Openai, the c o-founder Fred Ersum, PayPal (NASDAQ: Coin). NASDAQ: PYPL) and Founders Fund c o-founder Ken Holy.

Is Neuralink approved for human trials?

In May 2023, neural links, which were resilient of public opinion on suspicion of animal abuse, acquired the FDA approval to conduct the first human experiment of the brain implant. According to Reuters, the funding was led by Founders Fund. In November 2023, the application was corrected to reflect additional $ 43 million, to $ 323 million.

In early 2023, neurallink opened a patient registration for people suffering from a specific illness to voluntarily participate in future clinical trials. The first test is called Prime (Precise Robotically Implanted Brain-Computer Interface) and targets patients with cervical cord injury or muscle atrophy.

In January 2024, the mask announced that the brain chips used for the test were called "telepathy". This chip is a coi n-sized size and has more than 1. 000 electrodes. The electrodes are 20 times thinner than human hair and spread in the cerebral cortex in a fan. The first surgery took place on January 29 this year. The mask shared the results on the X website of X, which was previously known as Twitter, and said that the patient had "recovered smoothly," and said, "Initial results show a promising detection of neurons spikes. "

The next update was found in the event "SPACES" held at X on February 19, stating that the mask has the ability to move the computer cursor using thinking. However, some gold bugs are wary of transparency because of the lack of confirmation by third parties and the limited inspection information provided. In mi d-May, Noland Arbo, who suffers from limb paralysis, the first patient of the neural link, talked about his first 10 0-day emotions using a neural brain chip.

According to Arbo's text, he believes that the test was successful, although there were several problems. One of the biggest advantages was that it was previously necessary to support equipment installation and positioning, but it became possible to operate computers and other devices because of the link. He explained that this has become possible to be more free for his pleasure. In addition, this device guarantees a larger control than his other devices he used.

"The game I can play is now better than any other game.

How to invest in Neuralink?

Reuters reported in late May that Neura Link would want to connect three more patients into clinical trials. The first exam is scheduled for 2026, and the absolute one is scheduled for 2031. In early August, Musk stated that the neurallink actually transplanted the second patient's brain chips from the clinical trial, and then paralyzed due to spinal cord injury due to a poor diving version.

Will traders have the chance to get this promising technology as the neural links move forward?

As already mentioned, the company has not yet hit the stock market, and as a result, the acquisition of Neuralin k-Promotion does not show the possibility of many traders. The acquisition of the neurallink was carried out by venture capital and billions of dollars.

However, traders are still using the rise in neuralinks to exchange the company with a stock exchange. For example, investment in a public trading company invested in neural links may be guaranteed an indirect investment. Almost all traders are Karamats u-venture companies and private faces, but some of them are, for example, Google Ventures are a subsidiary of public companies. Investing in the alphabet can make private face indirect from investing in neural links.

Such indirect cooperation has the potential to be an executable strategy for those who want to access neural links without waiting for the company's stock. Coinbase is also a company that plays an indirect role in lifting a neurlink. The company belongs to EHRSAM, and its Paradigm Venture Fund has invested in a neuralink.

If you are a certified trader, you still have all the opportunities to invest in the New Link financing round. According to SEC, certified traders need to have a clean price that does not cover the main flat price, at least $ 1 million or at least $ 200. Apart from this, you need to wait for the same value of the annual income you make reasonably.

Individuals have all opportunities to modify them as certified traders if they are considered an investment expert in good condition. In this case, in accordance with the SEC guidance, they must have the consent of securities followers or agreements for researchers solutions or personal securities services.

Organizations with total assets of $5 million or more, such as banks, insurance companies, and investment firms, are also considered accredited investors. Some types of organizations, such as private for-profit companies and small business investment firms, may be exempt from the standard asset size requirement to become an accredited investor.

It is also worth noting that Neuralink is just one of many companies currently working on BCI technology. Syncron, funded by Jeff Bezos and Bill Gates, is a company with similar ambitions. On February 1, Syncron acquired a minority stake in German manufacturer Acquandas. The acquisition gave it exclusive access to Acquandas' advanced metal layer technology.

In April, Syncron began enrolling patients for a large-scale brain implant clinical trial, which is necessary to gain medical device approval from the U. S. Federal Food and Drug Administration (FDA). In July, Syncron announced that patients implanted with a Syncron brain-computer interface can now use direct thought to control the cursor on an Apple Vision Pro.

Precision Neuroscience is another company that offers brain-computer interfaces. The company, founded by one of Neuralink's co-founders, is currently testing a layer 7 cortical interface. This thin, flexible film is placed over the brain's gray matter, rather than implanted in the brain, making it less invasive. Precision Neuroscience recently set a record for the number of electrodes used to detect human thoughts: 4, 096, connecting four interfaces to one brain.

Although the field is still in its infancy, interest and excitement is growing due to the potential impact BCIs could have on various industries, including robotics, medicine, and biotechnology. In addition, the growing interest in the field of artificial intelligence (AI) has led to increased research and development in related fields, as well as investment in areas that benefit from AI advances, such as robotics and medicine. AI is also being used as a tool to discover new ideas and take steps forward that would not be possible without AI.

Finally, one of the easiest ways to get an exposure to neural links is to use a listed investment trust (ETF) investing in companies related to BCI technology. There is no ETF specializing in BCI alone, but there are funds that provide exposure to related topics. One example is ISHARES HEALTHCARE Innovation ETF (LSE: Heal, OTC PINK: BLKIF). The fund is composed of companies that develop new and innovative technologies in the healthcare field.

In addition, Global X Robotics & Amp; amp; amp; amp; amp; amp; amp; Focusing on the destructive technology of the industry There are two ARK Innovation ETF (ARCA: ARKK).

As with any investment decision, it is important to fully identify whether the options match the investment purpose, including comparing ETFs.

For the latest information on rea l-time, don't forget to follow@Inn_technology!

Securities information disclosure, I, Melissa Pistiri, has no direct investment interest in any company mentioned in this article.

Tech 5: Recession Fears Kick Panic Selling into Overdrive, Tech Selloff Ensues

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The stock market was a week of turbulence due to concerns about US economic data. The cryptocurrency also suffered a lot of loss, but recovered at the end of the week.

On the other hand, the lon g-awaited ruling could have a serious effect on technology sector, and the stock prices of chips in California were less than expected.

1. Panic selling kicks off the week

Understand the latest trends in the technology industry in the Investing News Network report.

On August 5 (Monday), the stock market was the most turbulent week since the pandemic, as the sudden conversion of Japanese monetary policy has led to a dilutment of yen trading. The Asian stock market was sold as this caused a chain reaction and investors trying to lower the risk level.

In the United States, an anxious economic indicator was announced last week, and investors were already nervous. The concern that the Asian stock index was not raised, resulting in concern that the economic retreat was approaching, leading to significant sales of risk assets, including hig h-tech stocks. S & amp; amp; P500 index (indexSp: . inX) began on Monday on 5. 151. It started with 151 and dropped by 0. 67 % from Friday's closing price. 119.

During this time, the Nasdaq 100 Index (INDEXNASDAQ:NDX) fell 2. 52% compared to Friday at the start of the week, and another 0. 05% at the opening of the trade to a low of 17, 435.

The Volatility Index (INDEXCBOE:VIX), known as the VIX and considered Wall Street's "fear gauge", opened the week at 65. 73, up 42 points from Friday's close.

Market sentiment improved at the end of the day. The S& P 500 Index and the Nasdaq 100 Index recovered, closing 2. 36% and 3. 68% higher than their lows at the start of the week.

S& P 500 movement for the week of August 5, 2024.

However, market volatility continued until the release of the weekly US employment report on Thursday (August 8).

Initial jobless claims came in at 233K, lower than the expected 240K, suggesting that last week's increase in claims was likely heavily influenced by the disruption caused by Hurricane Debbie.

Indices gained some ground as traders returned to promoting technology companies. The S& P 500 Index rose more than 4% from its low at the start of the week, while the Nasdaq 100 Index rose more than 5%, essentially showing a strong recovery from last week's losses.

In terms of individual gains, Intel (NASDAQ:INTC) was favored after recovering nearly 8% of its position as of Thursday's close, while NVIDIA (NASDAQ:NVDA) came in second, up more than 6%.

2. Solana breaks out as crypto sector recovers

This week, the S& P 500 fell 0. 05%, the Dow Jones Industrial Average (INDEXDJX:. DJI) fell 0. 6% and the Nasdaq fell 0. 2%.

This week, panic selling fueled the cryptocurrency market turmoil.

According to The Block's cryptocurrency price page, the industry as a whole crashed 18. 2% in the first 24 hours of the week.

Bitcoin was hit hard at the start of the week, plummeting 16% and dropping below $50, 000 at the market open on the first day of the week for the first time since February. Ethereum has yet to test a major price movement, dropping to a low of $2. 197 in the US on the first afternoon of the week.

The Volmex Bitcoin Implied Volatility Index hit its highest price in the past 20 months.

Along with macroeconomic trends, Jump Crypto asset movements and the growing likelihood that Kamala Harris will win the next presidential election against cryptocurrency enthusiast Donald Trump are cited as triggers for the rate cut.

On Tuesdays (August 6) and Wednesday (August 7), institutional investors who purchase digital assets at a low rate have led to recovery. SOLAN is still rising and has reached a historic maximum due to ether. On Wednesday, a prolonged court struggle between Ripple and SEC had not yet ended. The Torres analysis ruling committee has ruled that the Ripple XRP token has not complied with the Securities and Exchange Law, and ordered the company to pay 125 million dollars.

3. Berkshire Hathaway halves Apple holdings

On Thursday, the rally continued: Bitcoin exceeded $ 60. 000 for the first time this week, and Ethereum was $ 2. 600.

Although a certain number of costs recovered with the stock market, the recovery varied. As of the second half of Friday (August 9), Bitcoin had a higher profit margin of 2 or 2 % than last week, 1 or 7 % in 24 hours, but rose 5 or 5 % in 30 days. Conversely, Ethereum has hardly resumed his lost position: in real time, fell 2, 8 % in 24 hours, and 13, 6 % in 7 and 30 days, down 16 and 2 %.

Solved Berkshire Hathaway (NYSE: BRK. NYSE: BRK. B) To achieve almost half of Apple's shares (Nasdaq: AAPL), it was a promotion from a hig h-tech company that broke through the main indicators on the first day of the week. There was a possibility that the promotion could be spurred.

On Saturday (August), Berkshire Hathaway reported that the company brought its fraction to 84 and $ 20 million in the second quarter of 174, and reduced its shares to Apple by 49 %. It was posted for the second quarter of 2024. 3.

As a result of the implementation, Berkshire's currency method reached $ 276, $ 9 billion.

Buffete always states that Berkshire will always store Apple, American-Express (NYSE: AXP) and Coca-Cola (NYSE: Ko), but "Nothing abnormally occurs. If it is ", -an expert. Buffetas pointed out that he had actually lost its promotion.

Gary MISHURIS, Silver Ring-Value-Partners Managing Companion and CIO (CIO), in May, when the company's general meeting of shareholders had a venue, hindered a highly possible structure in the Berkshire situation in May. Ta.

On August 1, Edward Jones raised Berkshire Hathaway to "Hold". "Buffett has a fairly decent skill that he doesn't think of in public promotion that covers his personal coverage, said Edward Jones analyst Jim Shanahan.

4. Long-awaited Google antitrust ruling issued

TRAIDERS is afraid that these fears have all the opportunities to freeze in reality, so they take a global action to sell promotions during the afternoon trading, and these major technical promotions, these Apple, Nvidia, Alphabet (alphabet). NASDAQ: Goog) fell in 9, 45, 14, 18, 6, 69 % from the weekend to start trading on the first day of the week. Several anxiety about the reunion of high-tech companies promotion and unnecessary concentration in the back-projects for several months, it was actually satisfied that the adjustment was already mature.

Sweep bazaar, a more section of section and promotion, shows symptoms of recovery, but later sold on the first day of the week, in the first day of the week, the US Economist Claudi a-Therma, Bloomberg Surveillac e-Programs. We warned that it is highly likely that it has not been discharged from the forest yet.

On the first day of the week, the innovative conclusion for the hig h-tech industry was accepted in a long way with the following results.

In the ant i-monopoly case, Google, which has been carefully searched in January 2023 since the US vs. Google and the United States of Justice, to the monopoly of the digital marketing venue, Google is actually Google. In order to save control of the act of illegal action, it is in the field of search online.

"GOGL-distribution contracts provide a market and close important share that restricts competitors' abilities", "Google is a browser and the right to search system for default on mobile devices, It was said to be about $ 26 billion paid to Samsung (KRX: 005930) and Mozilla.

"The confirmation of the court has been impressive that Google has been able to raise the cost of text advertising without a major competitive restriction by GUGL exclusive management supported by its own sales contract. Was proven. "

According to the second quarter of the alphabet announced on July 23, Google search and advertising operations from other sources reached $ 48. 5 billion at this stage.

5. Super Micro Computer earnings fall short

President Kent Walker commented on this conclusion as follows:

"We are strong," we evaluate the court's conclusion that Google is the highest quality search engine in the industry, which is the natural trust of hundreds of millions of users. " In particular, on the mobile device, "I continue to introduce technological innovation in search," "Apple and Mosilla are actually comparing Google search quality at any time, and Google is actually those. I think it will exceed. " Considering all of these, we hope that all new, novel people are looking for information, and we hope to submit appeals.

The Super Micro Computer (NASDAQ: SMCI) has reached the worst trading date in Wednesday, following the plunge of gross profit ratio in the fourth quarter and 2024 fiscal year.

As with any investment decision, it is important to fully identify whether the options match the investment purpose, including comparing ETFs.

Despite the promising sales of $ 6 billion, $ 7 billion of $ 7 billion, which exceeds the expected analyst forecast, the company's stock prices have fallen 13779 % on Wednesday, starting at $ 531, 88, and falling all day long. I continued.

Securities information disclosure, I, Melissa Pistiri, has no direct investment interest in any company mentioned in this article.

Aether Global Innovations Corp. Announces Resignation of its Chief Financial Officer

Securities Information Disclosure: I, Megen Sitter, has no interest in investing directly in any company mentioned in this article.

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Bunouver, British Colombia August 9, 2024 (Aether Global Innovations Corp) (OTCQB: AETHF) (Frankfurt: 4xa WKN# H) ("Ether Global "Aeth" or "our company") has today announced the resignation of MS Karen May Parrin, the highest finance officer (CFO).

Ether Global has been appointed the Supreme Finance Officer (CFO) earlier last year, and has regretted Karen May Palin, who supported the company optimization and brand rebuilding process. Karen is a wonderful member of the team and is very regrettable.

"I am looking forward to the appointment of a new CFO and I would like to thank Karen for the past 12 months as a valuable member of our management. I wish Karen's future success," said Douglas Smith. I talked.

The company was actively looking for CFO candidates.

The ether Global Innovates is a management and operation service company for innovative drones and unmanned aircraft (UAV), specializing in three fields for important infrastructure and larg e-scale public and private facilities. These three fields include (i) drone control and monitoring monitoring, (ii) automation and integration of flight plan, new innovative sensor payload, (III) autonomous sel f-landing, (III) autonomous sel f-landing, Includes base station infrastructure and technology for charging and takeoff.

On behalf of the Board of Directors

Chairman Douglas Smith

Forward statement

The information described in this press release may include the prediction statements for serious and unknown risks and uncertainty. All descriptions except for historical facts are predictive statements, which are the future financial status, business strategy, corporate vision, acquisition, partnership business, joint venture business, strategic ti e-up, budget, budget, budget. Includes costs, plans, and the goals that the company or the company participate in, but not limited to these. This forecast information reflects the current beliefs of the management and is based on the information currently available by management. Not always, but in many cases, the description of predictive properties is "plan", "wait", "forecast", "budget", "plan", "prediction", "prediction", Many known and unknown risks, uncertainty, and other factors that can be identified by using words such as "prediction", "intentional", "goal", and "aim" may bring the following: 。

Securities information disclosure, I, Melissa Pistiri, has no direct investment interest in any company mentioned in this article.

Intel Facing Shareholder Lawsuit After Disappointing Q2 Results

News Provision: Lewswire Via QUOTEMEDIA

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Intel (NASDAQ: INTC) has fallen significantly in stock prices due to factors such as poor business performance, personnel reduction, and dividend suspension. < SPAN> The information described in this press release may include a predictive statement of serious and unknown risks and uncertainty. All descriptions except for historical facts are predictive statements, which are the future financial status, business strategy, corporate vision, acquisition, partnership business, joint venture business, strategic ti e-up, budget, budget, budget. Includes costs, plans, and the goals that the company or the company participate in, but not limited to these. This forecast information reflects the current beliefs of the management and is based on the information currently available by management. Not always, but in many cases, the description of predictive properties is "plan", "wait", "forecast", "budget", "plan", "prediction", "prediction", Many known and unknown risks, uncertainty, and other factors that can be identified by using words such as "prediction", "intentional", "goal", and "aim" may bring the following: 。

Copyright (C) 2024 THENEWSWIR E-All rights are protected.

News Provision: Lewswire Via QUOTEMEDIA

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Intel (NASDAQ: INTC) has fallen significantly in stock prices due to factors such as poor business performance, personnel reduction, and dividend suspension. The information described in this press release may include the prediction statements for serious and unknown risks and uncertainty. All descriptions except for historical facts are predictive statements, which are the future financial status, business strategy, corporate vision, acquisition, partnership business, joint venture business, strategic ti e-up, budget, budget, budget. Includes costs, plans, and the goals that the company or the company participate in, but not limited to these. This forecast information reflects the current beliefs of the management and is based on the information currently available by management. Not always, but in many cases, the description of predictive properties is "plan", "wait", "forecast", "budget", "plan", "prediction", "prediction", Many known and unknown risks, uncertainty, and other factors that can be identified by using words such as "prediction", "intentional", "goal", and "aim" may bring the following: 。

Copyright (C) 2024 THENEWSWIR E-All rights are protected.

News Provision: Lewswire Via QUOTEMEDIA

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Intel (NASDAQ: INTC) has fallen significantly in stock prices due to factors such as poor business performance, personnel reduction, and dividend suspension.

This lawsuit, which was submitted to the San Francisco Federal Court on Wednesday, August 7th, was unauthorized by Intel, and as a result, the company's market value was disappointing, and the company's market value was disappointing. He claims that it has fallen sharply.

The chief plaintiff, Grator St. Louis Construction Pension Fund, claims that Intel and his executives have made significant or misunderstanding of the company's manufacturing capabilities and achievements.

He also claims that these remarks have raised Intel's stock price from January 25 to August 1 this year.

According to Reuters, on August 2, the day after Intel announced the second quarter financial results, the company's stock prices fell 26 % to $ 21 and 48 cents, and more than $ 32 billion market value was canceled. In the second quarter, net income was $ 161 billion, and sales were $ 1 % to $ 12. 83 billion.

After the announcement of financial results in the second quarter, Intel sent a note to employees, reducing the number of employees by 15, 000 or more, more than 15 % of employees, and dividends from the third quarter to save $ 10 billion by 2025. Announced a plan to stop.

These measures did not reach the ears of the investor, and the investors could not hide the size of Intel's problem.

With the decline in sales, Intel's gross profit decreased in the second quarter. The GAA P-based loss per share was $ 0. 38, and the same period of the previous year was $ 0. 35.

"Intel's Pats Gelsinger's CEO, CEO, said," The second quarter of the second quarter was a disappointing result, despite the fact that we achieved important products and processes.

Securities information disclosure, I, Melissa Pistiri, has no direct investment interest in any company mentioned in this article.

​Tech 5: Tech Stocks Volatile as Recession Fears Rise, Trump Promises Crypto Reserve

Intel's David Jinnet, CFO, also stated that the company has accelerated the expansion of A I-equipped PCs, and costs related to no n-central businesses have reduced gross profits.

However, Jinnah stated that cost reduction measures, including the reduction of personnel, would strengthen Intel's balance sheets and contribute to the lon g-term value creation of shareholders.

The market response to Intel's announcement was quick and dramatic. The company's stock prices have fallen 34. 6 % since the second quarter of the fiscal year ended at $ 18, 99.

On the other hand, the lon g-awaited ruling could have a serious effect on technology sector, and the stock prices of chips in California were less than expected.

1. Major indexes go for a bumpy ride

The extra cost associated with this division is a decrease in profits, which includes Advanced Micro Deviaes (NASDAQ: AMD), Nvidia (NASDAQ: NVDA), Taiwan Semiconductor Manufacturer Ring Company (NYSE: TSM), TPE: He questioned Intel's ability to effectively compete with existing competitors such as 2330).

Intel has recently announced the latest Lunar Lake Micro processor as an attempt to regain competitive advantage.

However, the inconsistency of chips of the 13th and 14th generation has been shadowed by these efforts, and some experts solve these problems in time and have their destiny. I'm hesitant if I can change it.

Don't forget to check the rea l-time update on Intel's website @inn_technology!

Securities information disclosure I, Yang Regide, has no direct investment relationship with any company described in this notebook.

Keep reciting me, see more

This week, there were a lot of financial results and troublesome financial data, and technology stocks broke down.

2. Earnings season culminates with clear winners and losers

Meanwhile, US President Donald Trump has attracted attention at Bitcoin events held in Nashville, Tennessee, and promises that elections in November will create an environment that is advantageous for cryptocurrency, and strategic supply of bitcoin. I accepted.

In addition, new rivals appear in the struggle over chips.

Investing News Network reports the latest trends in the hig h-tech world.

At the beginning of the week, the main index has shown a slight rise in the quarterly quarterly rising in the quarterly of Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT), and several semiconductor companies.

The market on the first day of the week (July 29) and Tuesday (July 30) is confusing due to concerns about overestimating artificial intelligence (AI) promotion and expectations for the tw o-day US Federal Reserve (Fed) meeting. In fact, the S & amp; amp; p index 500 (indexSp: . inX) and the Nasdaque Comprehensive Index (Indexnasdaq: . IXIC) actually fell on Tuesday.

In contrast, the advanced Micro Debayeses (NASDAQ: AMD) (AMD) futures monitoring caused the reversal of chip maker promotion, which lasted until noon on Wednesday (July 31).

On Wednesday afternoon, the Fed released a statement reporting that it would raise interest rates, but that it may lower them in September depending on future data. The major indexes rose, partly due to a flurry of earnings reports from microcircuit manufacturers and technology companies. The Toronto Stock Exchange also set a new record of 23, 000 points.

However, this performance was disrupted on Thursday, August 1, when new data from the Institute of Business Management showed that the manufacturing PMI index for July had declined by 1. 7% to 46. 8%. As a result, the CBOE Volatility Index rose to a three-month high of 19, 48.

On Thursday, stock indexes closed the auction with a decline, and on Friday (August 2) morning the market opened in the red. Then, the U. S. employment report for July showed that the unemployment rate rose to 4. 3%, indicating a slowdown in economic growth and intensifying concerns about a possible recession. Volatile stocks saw a big sell-off, but funds focused on stability followed suit as investors continued to turn to bonds.

As of Friday's close, the Nasdaq Composite Index was down more than 10% from its historic high reached on July 10, confirming that the market is in a correction.

3. Trump reaffirms support for crypto

This week was a flurry of earnings announcements, with the most influential technology companies and microcircuit manufacturers announcing their quarterly results. The first to be released were Microsoft and AMD's earnings reports, which were released shortly after the market opened on Tuesday.

Investors reacted unfavorably to Microsoft's announcement that it would further increase its artificial intelligence costs this year. Its poll numbers also worsened as Microsoft's cloud business struggled to grow.

During the day, the company's shares fell 1, 96%.

AMD announced a positive earnings outlook, attributing growth spurred by its new artificial intelligence processors, along with several other promotions to calls and increased microcircuit production by 2-5%, boosting the company's shares by 9, 2% in Wednesday's pre-market auction.

4. Pro-crypto senator introduces BITCOIN bill

Qualcomm's (NASDAQ:QCOM) quarterly earnings report, released after the close of trading on Wednesday, included optimistic guidance that initially spurred a rise in the stock price. However, a subsequent call with CEO Cristiano Amon informing the company that mobile phone supplies may be gradually recovering, resulting in a 4. 84% drop in the stock price by Thursday morning.

Similarly, the stock price of Arm Holdings (NASDAQ: ARM) fell 10 or 73 % after the company could not extend the recovery surveillance for one year in the first quarter of 2025.

Meta Platforms (NASDAQ: META) rose 9 and 77 % after the second quarter reports on Wednesday. The company plans to increase its expenditures on artificial intelligence infrastructure for the next few months, but the high sales of met a-glass and advertising revenue have contributed to the expected $ 39. 1 billion to the expected $ 39. 1 billion. did.

On Thursday afternoon, Amazon and Apple's promotions rose 1, 4 % to 0, 9 %, respectively, and were higher than the announcement after the Thursday market was closed.

5. Cerebras Systems files for IPO

Amazon's settlement shows a delay in recovering online sales in the second quarter, and Brian Olsafsky, the company's highest economic manager, is due to consumers cautious. I am. On Friday afternoon, the disappointed trader dropped from $ 184, 07 to $ 166, 53. Apple's third quarterly settlement of the iPad, iPhone, and service teams exceeded the measured values ​​of experts and increased. On Friday afternoon, the company's promotional stocks rose 0. 54 % to a high price of $ 224. 61.

Intel's stock prices have lost a lot of losses this week after the second quarter of Thursday's second quarter reports below expected. In addition, the company has announced that it will reduce employees by 15 % to rebuild the microchip business and stop dividends. The company's promotion dropped 24, 37 % from $ 29, 05 in overtime transactions, continued to fall in the Signal on Friday, and the lowest price was $ 20, 60.

On Sunday, July 28, Bitcoin price rose after Mr. Trump's explanation at the Bitcoin Conference. On Saturday (July 27), Mr. Trump supported the cryptocurrency, dismissed the Gary Gary Genuler Securities and Tradition chairman of the Gary Garyuler, and founded a strategic stockpiling of Bitcoin.

As with any investment decision, it is important to fully identify whether the options match the investment purpose, including comparing ETFs.

Despite the promising sales of $ 6 billion, $ 7 billion of $ 7 billion, which exceeds the expected analyst forecast, the company's stock prices have fallen 13779 % on Wednesday, starting at $ 531, 88, and falling all day long. I continued.

Securities information disclosure, I, Melissa Pistiri, has no direct investment interest in any company mentioned in this article.

Apple reports third quarter results

On Wednesday, cryptocurrency advocate Senator Cynthia Rammis (VAI) introduced a bill that would see the US government create a Bitcoin backed fund, as President Trump promised in his speech at the Bitcoin Conference.

The Bill on Enhancing Innovation, Technology and Competitiveness through Optimized Investments on a National (Bitcoin) Scale from 2024 requires the US Secretary of State to purchase 200. 000 Bitcoins per year for five years, acquire 1. 000. 000 Bitcoins (about 5% of the total supply) and store them for a minimum of 20 years.

The bill also details where the funds for this operation will come from.

The bill includes a clause confirming the right of self-preservation, that is, the ability of individuals to manage their own assets without third-party intermediaries such as centralized exchanges or caste services.

Celebrus Systems, a company specializing in the development of computer systems for deep training, confidentially filed for an initial public offering (IPO) on Thursday.

The company has developed a number of innovative AI solutions, including clusters of graphics processors and the Wafer-Scale Engine, designed to replace the CS-2 system, making it a worthy opponent in the race for AI hardware.

Celebrus has several major sponsors, including Alpha Wave Ventures, G42 and Benchmark Capital. The company reached unicorn status in 2018 when it closed its Series D funding round at $88 million, valuing it at $1 billion.

Don't forget to follow @inn_technology for real-time news!

Securities Disclosure I, Migen Sitter, have no direct investment interests in any of the companies mentioned in this article.

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Record-breaking revenue metrics arrive in June quarter action

Service revenue hits all-time high

Apple® today announced financial results for its fiscal 2024 third quarter (ended June 29). The Company's quarterly revenue increased 5 percent year over year to $85. 8 billion and quarterly earnings per diluted share increased 11 percent year over year to $140.

"Apple today announced a record June quarter revenue of $85. 8 billion, up 5 percent year over year," said Apple CEO Tim Cook. "This quarter, we were able to announce great updates to our software platform at our Worldwide Developers Conference, including Apple Intelligence, a breakthrough personal intelligence system with powerful, proprietary generative AI models at the heart of iPhone, iPad and Mac. We look forward to sharing these tools with our users, and stay true to the values ​​that drive our work, as we continue to invest heavily in innovation that enriches our customers' lives."

"Apple's Chief Financial Officer Luca Maestri said: "During the quarter, our record financial performance led to earnings per share growth of 11 percent, operating cash flow of approximately $29 billion and the ability to pay out more than $32 billion to shareholders. We are also pleased that our installed base of active devices reached an all-time high across all geographic segments, driven by extremely high customer satisfaction and loyalty.