Technology Stock
Artificial Intelligence (AI) chip maker Nvidia has been minting tonnes of millionaires among its 30,000 employees. The nearly US$3 trillion company generated US$27 billion in revenue in its fiscal 2023. Then, something spectacular happened. Nvidia revenue for the 12 months ending July 31, 2024 skyrocketed to US$96.31 billion – a 194.69% increase year-over-year. The […]
... written on Sep 06 2024Even if you’re not a gamer, you would have heard of the international success of China’s first “Triple-A” game called “Black Myth: Wukong”, an action RPG developed by Chinese studio Game Science. It was so successful that it has sold a jaw-dropping 10 million copies in just 3 days – and made a cool US$600 […]
... written on Aug 27 2024Japan’s Nikkei lost a staggering 4,451 points on Monday (August 5) – the biggest drop in history. That’s more than 12%, dragging the country’s stock market losses to 25% since early July. The biggest one-day drop means the index is entering the bear market. It instantly brings back the memory of “Black Monday” in October 1987, […]
... written on Aug 06 2024Cybersecurity giant CrowdStrike was supposed to release a software update – a routine patch – to its “vulnerability scanner” Falcon Sensor on July 19, 2024. Instead, the American technology company unleashed digital chaos across the planet Earth. Within hours, flaws in the update caused Windows-based systems worldwide crashed, displaying the infamous BSOD – “blue screen of […]
... written on Jul 22 2024Unable to accept the reality that a Chinese company could develop a highly popular app called TikTok, the United States has been trying everything in its power to control it. ByteDance now has two options – either sell it to American owners, or get ready to be banned. The Senate voted 79 to 18 after […]
... written on Apr 24 2024Americans can make about 11 gigawatts of solar panels per year, up from 6.4 gigawatts in 2022. In comparison, one Chinese company alone – JinkoSolar – is able to produce 56 gigawatts at its solar panel factory in Shanxi province. China as a whole can make more than 400 gigawatts of new panels every year […]
... written on Apr 11 2024TikTok has about 170 million users in the United States, its biggest market outside of China. Its revenue was around US$20 billion last year. Founded in 2012 by entrepreneur Zhang Yiming, TikTok owner ByteDance reportedly had a private valuation of between US$105 billion and US$110 billion in May 2020, making it the most valuable start-up in […]
... written on Mar 15 2024As Huawei smartphone shipment skyrocketed in the first six weeks this year, sales of Apple iPhone plunged in the same period – losing 24%. But the return of Huawei to the consumer business affects not only Apple. Several Chinese brands also suffer a drop in business, even though most of them were not as severe […]
... written on Mar 08 2024Advanced chips, quantum computing and AI (Artificial Intelligence) are the future, and that was why the United States wanted to stop China from becoming a superpower – by destroying Huawei Technologies Co. The semiconductor is the means to that end, so the U.S. also must destroy Chinese mainland chipmaker – Semiconductor Manufacturing International Corp (SMIC). […]
... written on Sep 20 2023Gina Raimondo was the fourth high-level U.S. official to visit China this summer, suggesting that Washington is placing great importance in the country. But she is the first U.S. Commerce Secretary to travel to the country in five years. Hilariously, like her colleagues, Raimondo tried to lecture Beijing about national security, labour, business, economy and […]
... written on Sep 06 2023
