Tencent's Revenue Beats Estimates in Boost for AI Ambitions
Revenue for the three months ended June rose to 184.5 billion yuan ($25.7 billion), versus an average estimate of 179 billion yuan. Net income for the period came to 55.6 billion yuan, compared with projections for 50.8 billion yuan.
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Business Insider
35 minutes ago
- Business Insider
Nvidia or AMD: Billionaire Ken Griffin Goes All-In on One Top AI Chip Stock
AI has been Wall Street's obsession for quite some time now, with investors excited about how the game-changing tech is set to transform our world in many ways, from reshaping business models and driving productivity gains to creating entirely new markets and industries. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The technology is widely seen as one of the most transformative forces of our era – yet, according to investing legend Ken Griffin, the most meaningful chapters are still unwritten. 'Generative AI has just gripped the world both in mind-share impact and to some degree hype… Generative AI is just another step in the journey of the use of machine learning technologies by modern society… I think the really interesting generative AI stories are going to be when people think about how to use these tools in radically different ways than we currently use software, and those will be many of the game-changing businesses of the next 10 to 20 years. So it's going to be incredibly exciting,' Griffin opined. Griffin is backing up his words with action. With a net worth north of $47 billion, the founder and CEO of Citadel – one of the world's most profitable hedge funds, managing $68 billion in capital – has been leaning heavily into the AI opportunity. Citadel's portfolio boasts some of the most prominent AI stocks out there, including Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD). However, during Q2, Griffin loaded up on one of these yet trimmed his holdings of the other. So, we've decided to take a closer look at the pair to see why Griffin has more conviction in one of these names right now, and with a little help from the TipRanks database, we can also find out if the Street's analyst community is thinking along the same lines. Nvidia What better place to start than at the altar of the mightiest AI stock of them all? The current bull market might be an AI-driven one, but you might as well call it the Nvidia bull market. That's because AI's rise has coincided with Nvidia's march to the top of the market cap charts, with the firm transforming from merely a semiconductor giant to becoming the world's most valuable company. That transformation has been powered by one critical fact: Nvidia makes the best AI chips on the market – the ones driving the data centers that fuel this technological revolution. Under Jensen Huang's leadership, the company now commands more than an 80% share of this space, leaving rivals scrambling to keep pace. It's a remarkable shift for a firm that, not long ago, was better known for supplying GPUs to gamers. Wall Street first took notice when its data center segment exploded into Nvidia's primary growth engine, and the company has since built a track record of delivering blockbuster quarterly results. Even trade restrictions and China-related headwinds haven't derailed its momentum, as demonstrated in its last reported fiscal Q1 quarter. (April quarter). Revenue surged to $44.06 billion, up 69.2% year-over-year and ahead of consensus by $810 million. Data Center revenue accounted for $39.1 billion of that total, a 73% annual jump. Earnings strength followed suit, with adjusted EPS of $0.81 beating forecasts by $0.06. With all of that on offer, Ken Griffin has signaled that he wants in. During Q2, he upped his NVDA stake by 414%, purchasing 6,513,348 shares. These are currently worth a whopping ~$1.175 billion. According to Piper Sandler's Harsh Kumar, an analyst ranked in 13th spot amongst the thousands of Wall Street stock experts, that investment is going to pay off nicely. Looking ahead to the upcoming July quarter readout (slated for August 27), Kumar thinks another strong display is coming. 'We are expecting another positive quarter from NVDA and see upside to numbers for both the July and October quarters,' the 5-star analyst said. 'While we are modeling largely in-line for the July quarter and slightly below Street for October, we are calling for upside given the recent positive commentary from U.S. hyperscalers as well as the inclusion of revenues from China. We note that our estimates and Street estimates do not reflect the inclusion of China business as we are anticipating revenues to start coming in towards the end of this month. China demand in our view could amount to ~$6B in sales for the October quarter and further ramp from there at a ~12-15% growth rate moving forward in a normal quarter. Finally, we are encouraged by hyperscaler commentary around capex plans for 2H and 2026 which should continue to pressure NVDA to meet this demand.' Quantifying his bullish stance, Kumar rates NVDA shares as Overweight (i.e., Buy) while his $225 price target factors in a one-year gain of 25%. (To watch Kumar's track record, click here) The majority of Kumar's colleagues support that stance; NVDA claims a Strong Buy consensus rating, based on a mix of 35 Buys, 2 Holds and 1 Sell. (See NVDA stock forecast) AMD There is really no better stock to delve into next than AMD, a statement that is something of both a compliment and a curse. A compliment because AMD is seen as possibly the only other semi name out there that can challenge Nvidia's dominance in the AI chip world. Moreover, AMD has already proven itself adept at eroding another rival's rule over a particular segment. Intel used to be the undisputed leader of the CPU space, but by making the most of Intel's mistakes and offering better products, AMD has been steadily closing the gap on the fallen chip giant's leading position in that sector. But the very fact that AMD is measured against Nvidia is what makes the comparison something of a curse. Despite its achievements, AMD has often been saddled with 'little bro' status. The perception persists that AMD is simply second-best in the AI chip game, lacking the complete ecosystem that Nvidia offers, and forced to play catch-up in a market it entered much later. And unlike struggling Intel, Nvidia isn't a weakened rival – it's still firing on all cylinders, making the bar for AMD that much higher. Even so, it's important not to overlook AMD's own impressive trajectory. While Nvidia may have stolen the spotlight, AMD has continued to deliver solid results and carve out its share of wins. The company's recent Q2 readout underscored that point. Revenue climbed by 31.7% year-over-year, reaching $7.69 billion and outpacing analyst expectations by $260 million. At the bottom line, adjusted EPS of $0.48 landed in line with consensus estimates. Looking ahead, AMD projects Q3 revenue of $8.7 billion, plus or minus $300 million, well above the Street's forecast of $8.32 billion. In fact, this outlook didn't even factor in revenue from shipments to China, which had been banned at the time but are now allowed again. The market has taken notice. AMD shares have surged 127% since April's tariff-driven lows, a rally that may explain why Griffin has been trimming his stake. In Q2, the billionaire sold 2,433,332 AMD shares, cutting 67% of his holdings. That kind of caution is mirrored in recent comments made by Morgan Stanley analyst Joseph Moore, who wrote: 'AMD revenue continues to be quite strong, but it's not clear that will be enough to keep the bulls in charge of the narrative. AMD guided well above consensus for Q3, but there are a few factors of note here that make the topline strength less appealing: (1) Console gaming upside drove the beat in Q2, arguably the lowest quality portion of AMD's business, (2) datacenter GPU will be up y/y in Q3, implying 1.6bn+ by our estimates; combined with company commentary for strong server and growth in embedded and client, we don't think it's likely to be more than 100- 200mn more than that…(3) Opex coming in above estimates limits impact on EPS.' To this end, the 5-star analyst rates AMD an Equal-Weight (i.e., Neutral) while his $168 price target implies shares will slide by 5% over the coming months. (To watch Moore's track record, click here) To find good ideas for AI stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Yahoo
3 hours ago
- Yahoo
Xinhua Silk Road: Waterfalls forge stronger China-Italy bond
BEIJING, Aug. 17, 2025 /PRNewswire/ -- "The two natural wonders have not only become a symbol of our friendly relations, but also a cultural bridge connecting two places," Walter Semperboni, mayor of Valbondione in the Italian province of Bergamo, highlighted the waterfall-linked friendship between China and Italy in a recent letter. This connection was formalized in December 2020 during the 50th anniversary of the establishment of China-Italy diplomatic relations, when the Jiulong Waterfalls in Luoping County, Qujing City, southwestern China's Yunnan Province and Italy's Serio Falls near Valbondione were officially twinned. "These waterfalls constitute natural bridges for exchanges and cooperation," said Lorenzo Riccardi, president of the China-Italy Chamber of Commerce. On August 7, 2023, Riccardi represented the government of Valbondione to unveil a friendship monument commemorating the pact between the twin waterfalls at the Jiulong Waterfalls scenic area. Thanks to this partnership, the Jiulong Waterfalls scenic area has launched many cultural and tourism cooperation initiatives with Italy over the past five years, noted Hu Yibo, who is in charge of the scenic area. According to Hu, Italian tourist groups make dedicated visits to the Jiulong Waterfalls, where characteristic cultural activities such as ethnic performances and cultural exhibitions offer international visitors immersive experiences. Meanwhile, the Serio Falls, renowned across Europe, provide valuable insights for scenic area management and nature conservation. "The twinning enables the two countries to share tourism development expertise," Hu added. With the 5th anniversary of the friendship pact between the Jiulong Waterfalls and the Serio Falls in 2025, Semperboni envisioned expanded cooperation. "We hope there will be further cooperation through joint planning and promotion of tourism projects, mutual visits and exchanges among the youth, and collaboration in environmental protection and sustainable development." Original link: View original content to download multimedia: SOURCE Xinhua Silk Road Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Yahoo
Enigmatig Celebrates NYSE American Listing with Bell Ringing Ceremony, Signaling Next Phase of Global Growth
NEW YORK, Aug. 18, 2025 /PRNewswire/ -- Enigmatig Limited (NYSE American: EGG) ("Enigmatig" or the "Company"), a global business enabler empowering small and medium-sized enterprises (SMEs) to scale across borders, today rang the Closing Bell at the New York Stock Exchange ("NYSE") to mark its recent listing and reaffirm its mission to power the global ambitions of bold, forward-thinking businesses. Enigmatig began trading on June 18, 2025, following the completion of its initial public offering of 3,005,200 Class A ordinary shares at US$5.00 per share including the partial exercise of the underwriters' overallotment option. The offering raised gross proceeds of approximately US$15 million. Prime Number Capital LLC acted as the sole book-running manager for the offering. As one of the few Asia-Pacific headquartered firms in its sector to list on the NYSE American, this accomplishment underscores Enigmatig's role as a trusted partner for SMEs navigating high-stakes cross-border expansion, regulatory complexities, and new market entries. Desmond Foo, Founder and CEO of Enigmatig, said, "Today's bell ringing is a proud milestone in our 15-year journey of enabling SMEs to achieve their international ambitions. Our listing strengthens our foundation for bold, global expansion, enabling us to deepen our service capabilities, advance our RegTech innovations, and extend our reach across the world's key financial hubs. Enigmatig was built to guide clients throughout their expansion journey – from incorporation to licensing, compliance, and strategic growth – delivering clarity, precision, and partnership every step of the way." Mingwen Teo, the Company's Director and CFO, added, "Our successful IPO and strong first-half performance validate the strength of our business model and the growing demand for comprehensive, technology-enabled licensing and compliance solutions. This ceremony is not just a celebration of our listing, but also a reaffirmation of our long-term vision to empower compliance globally while creating sustainable value for our clients and shareholders." With its IPO proceeds, Enigmatig is driving its next wave of growth by: Expanding its leadership and specialist teams across key markets and verticals Accelerating RegTech and automation innovation to streamline compliance Enhancing strategic advisory with sharper, data-driven insights Pursuing targeted M&A to strengthen its global service offerings Growing its presence in high-potential markets to serve clients closer to where they operate and aspire to operate Founded in 2010, Enigmatig has built a strong track record across global financial hubs and offshore jurisdictions, including Singapore, Hong Kong, Shanghai, London, Cyprus, and Belize, delivering tailored solutions across the full business lifecycle, from company incorporation to ongoing compliance and strategic advisory. Its proprietary CRM platform, integrating KYC, AML, and transaction monitoring tools, positions RegTech at the core of the Company's growth strategy, allowing smarter, faster compliance for both new and existing clients. For photos, a video replay and other content from the event, please visit: About Enigmatig Limited Enigmatig is an international business enabler dedicated to helping small and medium-sized enterprises (SMEs) achieve their international ambitions. Since 2010, we have connected businesses with the expertise, infrastructure, and regulatory support needed to succeed in cross-border markets. With deep capabilities in FX brokerage consultancy, licensing, RegTech, FinTech, and corporate services, Enigmatig delivers tailored solutions across the full business lifecycle – from company incorporation to ongoing compliance. Our experienced team specializes in navigating complex regulatory environments across global financial hubs and key offshore centers, including London, Cyprus, and Belize. Headquartered in Singapore with a strategic presence in Hong Kong, Shanghai, London, and a representative desk in Bangkok, Enigmatig supports a diverse and growing international client base. For more information, please visit: Safe Harbor Statement Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "could," "will," "should," "would," "expect," "plan," "aim," "intend," "anticipate," "believe," "estimate," "predict," "is/are likely to," "potential," "project" or "continue" or the negative of these terms or other comparable or similar terminology. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC, which are available for review at Media & Investor Contacts: investors@ View original content to download multimedia: SOURCE Enigmatig
