fund

Intel advocates for streamlined regulations and reduced restrictions for investing in Vietnam support fund

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Intel advocates for streamlined regulations and reduced restrictions for investing in Vietnam support fund

US chipmaker Intel has proposed simpler rules for administrative procedures and employment in Vietnam’s draft decree for the future Vietnam Fund for Investment Support. In a statement, Intel Products Vietnam (IPV) stated that they have already been classified as a high-tech company based on their investment certificates, and therefore suggested that no further documentation should … Read more

Diamond Hill Long-Short Fund Profited from Short Position in IBM

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Diamond Hill Long-Short Fund Profited from Short Position in IBM

Diamond Hill Capital, an investment management company, recently released its “Long-Short Fund” investor letter for the first quarter of 2024. The portfolio saw positive returns in the fourth quarter, although it lagged behind the Russell 1000 Index but outperformed the combined benchmark. The fund’s short positions did not perform as well as the index, but … Read more

Hedge Fund Manager Predicts Nvidia’s Valuation to Reach $6 Trillion by Year End as Investors Recognize Undervalued Stock

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Hedge Fund Manager Predicts Nvidia’s Valuation to Reach Trillion by Year End as Investors Recognize Undervalued Stock

Nvidia’s stock is expected to continue rising to $250 per share by year-end, doubled from current levels, according to hedge fund manager Eric Jackson. He believes Nvidia’s market capitalization could reach $6 trillion due to strong chip sales and investor enthusiasm. Jackson argues that Nvidia remains undervalued based on its forward price-to-earnings ratio, highlighting its … Read more

Move over, Nvidia! This Stealth Tech Fund is outperforming the competition.

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Move over, Nvidia! This Stealth Tech Fund is outperforming the competition.

The stock market story this year revolves around artificial intelligence and technology funds. The Communications Services Select Sector SPDR ETF, worth $19 billion, is showing strong performance compared to the Technology Select Sector SPDR ETF, worth $70 billion. The fund consists of companies like Meta Platforms, Alphabet, Electronic Arts, Netflix, AT&T, Verizon Communications, T Mobile, … Read more

Why a Legendary Fund Manager is Reducing their Nvidia Holdings

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Why a Legendary Fund Manager is Reducing their Nvidia Holdings

Experienced technology investor Paul Wick of Seligman Investments has been reducing his holdings in NVIDIA due to concerns about the company’s future profit growth. Wick, who spoke at a USB Group event in Singapore, compared Nvidia’s situation to Cisco Systems during the dotcom bubble, highlighting potential risks. Wick pointed out that Nvidia relies heavily on … Read more

Renowned fund manager reduces his investment in Nvidia, according to Investing.com

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Renowned fund manager reduces his investment in Nvidia, according to Investing.com

Seasoned technology investor Paul Wick of Seligman Investments has been reducing his holdings in Nvidia Corp. in recent times. During a video call at a UBS Group event in Singapore, Wick expressed doubts about Nvidia’s future earnings growth, comparing it to Cisco Systems during the dot-com bubble. He highlighted Nvidia’s reliance on its top customers … Read more

Why a $70 Billion Fund is Expected to Invest Heavily in Nvidia and Sell Off Apple This Week

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Why a Billion Fund is Expected to Invest Heavily in Nvidia and Sell Off Apple This Week

The Technology Select Sector SPDR Fund (XLK) is set to undergo a major rebalancing this week, where it will be forced to buy billions of dollars of Nvidia stock and sell a similar amount of Apple stock. Nvidia’s weight in the ETF is expected to nearly quadruple after its float-adjusted market capitalization surpassed Apple’s. This … Read more

Cisco CEO emphasizes that the new AI investment fund is more than just another billion-dollar initiative

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The upcoming VB Transform 2024 event is set to take place from July 9-11 in San Francisco, where over 400 business leaders will convene to discuss the latest developments in GenAI strategies. Cisco Investments recently launched a $1 billion AI investment fund to support startups like Adhere, Mistral AI, and Scaling AI, emphasizing collaboration and … Read more

Cisco Announces $1 Billion AI Fund and Completes Initial Investments

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Cisco has recently announced the establishment of a $1 billion fund dedicated to investing in artificial intelligence (AI) startups. This move marks the tech giant’s entry into the thriving AI market, as it aims to fuel the growth of innovative AI technologies and solutions. The fund, named the Cisco AI Fund, is designed to support … Read more

Cisco unveils $1 billion investment fund for global AI innovation

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Cisco unveils billion investment fund for global AI innovation

Cisco Systems, a telecommunications company, recently unveiled a $1 billion global investment fund to focus on developing AI-powered solutions for networking, security, and observability. This investment will target companies Cohere, Mistral AI, and Scale AI to enhance customer readiness, IT infrastructure, foundational models, model development, and AI training. Cisco’s chief strategy officer, Mark Patterson, highlighted … Read more