Latest news with #SeriesS
Express Tribune
09-07-2025
- Business
- Express Tribune
Nvidia becomes first company to hit $4 trillion market value
Nvidia logo is seen in this illustration taken, January 27, 2025. Photo: Reuters/ File Listen to article Nvidia became the first company to reach $4 trillion in market value on Wednesday, a new threshold in Wall Street's bet that artificial intelligence will transform the economy. Shortly after the stock market opened, Nvidia, which is led by electrical engineer Jensen Huang, vaulted as high as $164.42, giving it a valuation above $4 trillion before retreating slightly. "The market has an incredible certainty that AI is the future," said Steve Sosnick of Interactive Brokers. "Nvidia is certainly the company most positioned to benefit from that gold rush." Read More: Nvidia unveils AEON humanoid robot in bid to expand AI power Nvidia has now attained a market value greater than the GDP of France, Britain or India, a testament to investor confidence that AI will spur a new era of robotics and automation, potentially boosting productivity while also challenging incumbent sectors and companies. The California chip company's latest surge is helping to drive a recovery in the broader stock market, even as Nvidia itself outperforms major indices. Part of this is due to relief that President Donald Trump has walked back his most draconian tariffs, which pummeled global markets in early April. Even as Trump has announced new tariff actions in recent days, the S&P 500 and Nasdaq have lingered near records. "You've seen the markets walk us back from a worst-case scenario in terms of tariffs," said Angelo Zino, technology analyst at CFRA Research. Also Read: Nvidia unveils AEON humanoid robot in bid to expand AI power While Nvidia still faces US export controls to China as well as broader tariff uncertainty, the company's deal to build AI infrastructure in Saudi Arabia during a Trump state visit in May showed there was also potential upside in Trump's trade policy. "We've seen the administration using Nvidia chips as a bargaining chip," Zino said. Nvidia's latest surge to $4 trillion marks a new threshold in a fairly consistent rise over the last two years as AI enthusiasm has built. In 2025 so far, the company's shares have risen 20 percent, whereas the Nasdaq has gained six percent. The Taiwan-born Huang has wowed investors with a series of advances, including its core product: graphics processing units (GPUs), which are foundational to many of the generative AI programs pursued throughout the technology sector, with applications in autonomous driving, robotics and other cutting-edge domains. Read More: Xbox developer says any Series S game could be ported over to Nintendo Switch 2 The company has also unveiled new advances in recent months, highlighting its Blackwell system, which Huang said in March will soon enable virtually all productions to be "created and brought to life long before it is realized physically." However, Nvidia's winning streak was challenged early in 2025 following revelations about the Chinese DeepSeek venture, which prompted worries that AI investment growth would slow. The company lost some $600 billion in market valuation during this period. Nvidia's Huang has welcomed DeepSeek as a growing presence in technology, while arguing against US export constraints. In the most recent quarter, Nvidia reported earnings of nearly $19 billion despite a $4.5 billion hit from US export controls designed to limit sales of cutting-edge technology to China. The first-quarter earnings period also revealed that momentum for AI remained strong throughout the tech industry. Many of the biggest technology companies -- Microsoft, Google, Amazon and Meta -- are racing each other in the multi-billion-dollar race to win the AI race. A recent UBS survey of technology executives showed Nvidia widening its lead over rivals. Also Read: Nvidia revenue rises 69% despite $4.5bn inventory write-down Zino said Nvidia's latest surge reflected a fuller understanding of DeepSeek, which has acted as a stimulant to investment for complex reasoning models rather than a threat to Nvidia's business. Nvidia is at the forefront of "AI agents," the current focus in generative AI in which machines are able to reason and infer more than in the past, he said. "Overall the demand landscape has improved for 2026 for these more complex reasoning models," Zino said.
Express Tribune
08-07-2025
- Entertainment
- Express Tribune
Xbox developer says any Series S game could be ported over to Nintendo Switch 2
A developer at Virtuos-owned Black Shamrock has said that 'any' Xbox Series S game should be possible to port to the Nintendo Switch 2, adding insight into the console's capabilities. In terms of the Nintendo Switch 2's capabilities, while some say it matches the PlayStation 4 in performance, others believe it is closer to the Xbox Series S, partly due to Nvidia's DLSS frame generation. In an interview with wccftech on July 7, Eoin O'Grady, technical director at Black Shamrock, explained how the Switch 2 could handle Xbox Series S games. O'Grady said the graphics card in Nintendo's new handheld performs 'slightly below' the Series S, but the Switch 2's use of DLSS, which is not available on Xbox, makes the GPU more comparable between the two systems. Regarding its processor, O'Grady noted that the Switch 2 is closer to the PlayStation 4, but said that 'any game shipping at 60 FPS on the Series S should easily port to the Switch 2. Likewise, a 30 FPS Series S game that's GPU-bound should also port well. Games with complex physics, animations, or other CPU-intensive elements might incur additional challenges in reaching 30 or 60 FPS or require extra optimisation during porting.' Black Shamrock has previously worked on titles including Marvel's Midnight Suns, The Outer Worlds, and Grounded, all of which could be candidates for Switch 2 ports.
Metro
07-07-2025
- Entertainment
- Metro
Nintendo Switch 2 is more powerful than expected says Metal Gear Solid Delta dev
A well know developer has favourably compared the Switch 2's power to the Xbox Series S and PlayStation 4. One of the big points of contention heading into the Switch 2's launch was exactly how powerful the console would be, with early reports variously comparing it to a PlayStation 4 and Xbox Series S. The hybrid console's impressive ports of Cyberpunk 2077 and Hogwarts Legacy suggest the console's power is on the higher end of those expectations and in new comments developer Virtuos seems to agree. According to Eoin O'Grady, technical director at Virtuos subsidiary Black Shamrock, the GPU of the Switch 2 and Xbox Series S are comparable thanks to the former's use of DLSS upscaling, whereas CPU-wise the system is closer to a PlayStation 4. 'GPU-wise, the Switch 2 performs slightly below the Series S; this difference is more noticeable in handheld mode,' O'Grady said in an interview with Wccftech. 'However, the Series S does not support technologies like DLSS, which the Switch 2 does. This makes the GPU capabilities of the two consoles comparable overall. 'CPU-wise, there is a clearer distinction between the two consoles. The Switch 2 is closer to the PlayStation 4 in this respect, having a CPU just a bit more powerful than the PlayStation 4's. Since most games tend to be more GPU-bound than CPU-bound when well optimised, the impact of this difference largely depends on the specific game and its target frame rate.' Sign up to the GameCentral newsletter for a unique take on the week in gaming, alongside the latest reviews and more. Delivered to your inbox every Saturday morning. As such, O'Grady claims any Xbox Series S games targeting 60fps 'should easily port' to the Switch 2, although there might be some caveats if complex physics or animations are at play. 'Any game shipping at 60fps on the Series S should easily port to the Switch 2,' he added. 'Likewise, a 30fps Series S game that's GPU-bound should also port well. Games with complex physics, animations, or other CPU-intensive elements might incur additional challenges in reaching 30 or 60fps or require extra optimisation during porting.' More Trending Along with ports of everything from Horizon Zero Dawn to Dark Souls, Virtuos has worked as a support studio on several projects, including Marvel's Midnight Suns and Konami's upcoming remake of Metal Gear Solid 3, aka Metal Gear Solid Delta: Snake Eater. A Switch 2 port for the latter has not yet been announced. Beyond Mario Kart World, the Switch 2's launch line-up mostly consists of third party titles which were released on last gen hardware. As such, the biggest test for the Switch 2's capabilities moving forward are the games only available on the PlayStation 5 and Xbox Series X/S, such as Star Wars Outlaws or the rumoured port of Stellar Blade. Even if the Switch 2 is a capable machine, however, early reports suggest third party games aren't selling well on the console so far – but it remains to be seen if this is an anomaly of the launch window. Email gamecentral@ leave a comment below, follow us on Twitter. To submit Inbox letters and Reader's Features more easily, without the need to send an email, just use our Submit Stuff page here. For more stories like this, check our Gaming page. MORE: Xbox is being set up to fail by Microsoft bosses, claims insider MORE: Xbox Game Pass has been 'damaging the industry for a decade' says Arkane founder MORE: Games Inbox: What is the best retro video game?
Malaysian Reserve
13-06-2025
- Business
- Malaysian Reserve
First Capital REIT Announces Completion of C$300 Million Offering of Series E Senior Unsecured Debentures
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ TORONTO, June 13, 2025 /CNW/ – First Capital Real Estate Investment Trust ('First Capital' or the 'REIT') (TSX: announced today that it has closed its previously announced offering (the 'Offering') of C$300 million aggregate principal amount of Series E senior unsecured debentures (the 'Debentures') on a private placement basis. The Debentures were offered on an agency basis by a syndicate of agents co‐led by Desjardins Capital Markets, RBC Capital Markets and TD Securities. The Debentures were issued at a price of $100.00 per $100.00 principal amount of Debentures, bear interest at a rate of 4.832% per annum and will mature on June 13, 2033. The Debentures are rated 'BBB' with a 'Positive' rating outlook by Morningstar DBRS. The net proceeds of the Offering will be used to repay existing debt, including the repayment in full of the REIT's $300 million of Series S Debentures due July 31, 2025, and for general business purposes. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About First Capital REIT (TSX: First Capital owns, operates and develops grocery‐anchored, open‐air centres in neighbourhoods with the strongest demographics in Canada. Forward‐looking Statement Advisory This press release contains forward‐looking statements and information within the meaning of applicable securities laws, including statements about the use of proceeds from the Offering and the effect of bond forward hedges. These forward‐looking statements are not historical facts but, rather, reflect First Capital's current expectations and are subject to risks and uncertainties that could cause the outcome to differ materially from current expectations. Such risks and uncertainties include those discussed in First Capital's Management's Discussion and Analysis for the year ended December 31, 2024 and for the quarter ended March 31, 2025 and in its current Annual Information Form. Readers, therefore, should not place undue reliance on any such forward‐looking statements. First Capital undertakes no obligation, except as required by applicable securities laws, to publicly update or revise any such forward‐looking statement, whether as a result of new information, future events or otherwise. All forward‐looking statements in this press release are made as of the date hereof and are qualified by these cautionary statements.
Cision Canada
13-06-2025
- Business
- Cision Canada
First Capital REIT Announces Completion of C$300 Million Offering of Series E Senior Unsecured Debentures
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ TORONTO, June 13, 2025 /CNW/ - First Capital Real Estate Investment Trust ("First Capital" or the "REIT") (TSX: announced today that it has closed its previously announced offering (the "Offering") of C$300 million aggregate principal amount of Series E senior unsecured debentures (the "Debentures") on a private placement basis. The Debentures were offered on an agency basis by a syndicate of agents co‐led by Desjardins Capital Markets, RBC Capital Markets and TD Securities. The Debentures were issued at a price of $100.00 per $100.00 principal amount of Debentures, bear interest at a rate of 4.832% per annum and will mature on June 13, 2033. The Debentures are rated "BBB" with a "Positive" rating outlook by Morningstar DBRS. The net proceeds of the Offering will be used to repay existing debt, including the repayment in full of the REIT's $300 million of Series S Debentures due July 31, 2025, and for general business purposes. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. First Capital owns, operates and develops grocery‐anchored, open‐air centres in neighbourhoods with the strongest demographics in Canada. Forward ‐ looking Statement Advisory This press release contains forward‐looking statements and information within the meaning of applicable securities laws, including statements about the use of proceeds from the Offering and the effect of bond forward hedges. These forward‐looking statements are not historical facts but, rather, reflect First Capital's current expectations and are subject to risks and uncertainties that could cause the outcome to differ materially from current expectations. Such risks and uncertainties include those discussed in First Capital's Management's Discussion and Analysis for the year ended December 31, 2024 and for the quarter ended March 31, 2025 and in its current Annual Information Form. Readers, therefore, should not place undue reliance on any such forward‐looking statements. First Capital undertakes no obligation, except as required by applicable securities laws, to publicly update or revise any such forward‐looking statement, whether as a result of new information, future events or otherwise. All forward‐looking statements in this press release are made as of the date hereof and are qualified by these cautionary statements.
