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Tag: Financial

Nvidia AI sales forecast to reach US$400 billion by 2028, but long-term risks loom

Nvidia’s AI sales could reach US$400 billion by 2028, but slowing growth and rising risks may challenge its long-term dominance.

Cambricon sees record growth as China bets on home-grown AI chips

Cambricon posts record revenue as demand for AI chips surges, with investors betting on it as China’s answer to Nvidia.

GM slows EV production as US tax credit nears expiration

GM is slowing EV production as the US$7,500 tax credit ends, raising concerns about the future of the American electric car market.

Lenovo unveils AI-powered portfolio across PCs, gaming, tablets and smartphones

Lenovo showcases its full AI-powered portfolio at IFA 2025, unveiling new PCs, tablets, gaming devices, and Motorola smartphones.

Pure Storage reports strong second quarter results and raises guidance

Pure Storage posts 13% revenue growth in Q2 FY26, raises full-year outlook, and highlights new products and industry recognition.

Atome Financial achieves record profit and revenue growth in 2024

Atome Financial posts record US$236M profit in 2024, with revenue growth accelerating past US$500M in Q2 2025.

AirTrunk secures A$16 billion sustainable financing to expand APJ growth

AirTrunk secures A$16 billion sustainable financing, the largest in APJ, to drive regional growth and environmental impact.

Hong Kong banks face urgent demand for AI and green finance talent, HKMA warns

Hong Kong banks face talent shortages in AI, green finance, and global markets by 2030, HKMA warns in new sector study.

Lenovo posts record Q1 results with strong growth across all business units

Lenovo reports record Q1 revenue and profit, driven by hybrid AI strategy, innovation investment, and strong growth across all business units.

Apple to collaborate with Samsung on iPhone image sensors in Texas

Apple partners with Samsung to produce next-generation iPhone image sensors in Texas, utilising new chip technology amid the US supply chain expansion.

Armis surpasses US$300 million ARR as demand for cyber risk management rises

Armis surpasses US$300 million in ARR as demand for cyber risk and CPS security solutions drives rapid growth across global enterprises.

Nintendo sets new milestone as Switch 2 surpasses 5.8 million units sold in debut month

Nintendo Switch 2 sells over 5.8 million units in June, making it the company’s fastest-selling console ever.