Chinese Firms Place $16 Billion in Order for New Nvidia Chips, the Information Reports
April 2 - Chinese companies including ByteDance, Alibaba Group and Tencent Holdings have placed at least $16 billion in orders for Nvidia's H20 server chips in the first three months of the year, the Information reported on Wednesday, citing two people with direct knowledge of the transactions.In February, Reuters first reported a surge in orders for the H20 - the most advanced AI processor legally available in China under U.S. export controls- driven by booming demand for Chinese startup DeepS
Chinese Firms Place $16 Billion in Order for New Nvidia Chips, the Information Reports
April 2 - Chinese companies including ByteDance, Alibaba Group and Tencent Holdings have placed at least $16 billion in orders for Nvidia's H20 server chips in the first three months of the year, the Information reported on Wednesday, citing two people with direct knowledge of the transactions.In February, Reuters first reported a surge in orders for the H20 - the most advanced AI processor legally available in China under U.S. export controls- driven by booming demand for Chinese startup DeepS
20 Dividend Paying Stocks That Benefit From a Fed Rate Cut
The Federal Reserve is widely expected to cut short-term interest rates on Wednesday. Rates coming down should be a tailwind for dividend-paying stocks.Which ones, however, is always the question. "Dividend payers in the financials sector" benefit, says Wolfe Research strategist Chris Senyek, including "banks.". Short-term rate cuts can also help banks earn more money, lowering their cost of funding.That is a good place to start and the 10 banks in the Russell 1000 that analysts like the best are East West Banking, Western Alliance Bancorp, Wintrust Financial, Reinsurance Group of America, Webster Financial, FNB, Popular, Prosperity Bancshares, JPMorgan Chase, and First Citizens Bancshares.The 10 yield an average of 2.3% and have paid out a relatively safe 25% of net income as dividends over the past 12 months. The average Buy-rating ratio for the 10 -- which is the number of Buy ratings divided by the total number of ratings -- is about 81%. The average Buy-rating ratio for stocks in