Trafficker Arrested with 596 Intel Xeon CPUs Worth $1.5 Million; Faces Seven Years in Jail and $256K Fine

Trafficker Arrested with 596 Intel Xeon CPUs Worth .5 Million; Faces Seven Years in Jail and 6K Fine

Hong Kong Customs recently made a significant seizure of 596 Intel Xeon CPUs valued at around $1.5 million from a private car. The 51-year-old driver was arrested in connection with the smuggling attempt. The CPUs were found hidden on both sides of the rear of the car and in secret compartments in the trunk. Although … Read more

Chinese authorities foil massive attempt to smuggle 596 Intel Xeon chips worth $1.2 million

Chinese authorities foil massive attempt to smuggle 596 Intel Xeon chips worth .2 million

Hong Kong Customs foiled a significant smuggling attempt involving 596 Intel Xeon CPUs valued at over $1 million, thwarting an attempt to evade approximately $380,000 in taxes. The incident took place at Shenzhen Bay, where a vehicle carrying the contraband was intercepted. The culprit managed to escape with the CPUs hidden in a car dashboard. … Read more

Times of India reports on scam involving Goldman Sachs, Ozy Media, YouTube Originals executive and fake conference call worth $40 million, with Google CEO Sundar Pichai testifying.

Times of India reports on scam involving Goldman Sachs, Ozy Media, YouTube Originals executive and fake conference call worth  million, with Google CEO Sundar Pichai testifying.

In recent events, Alphabet CEO Sundar Pichai testified in the fraud trial of Ozy Media Inc co-founder Carlos Watson, denying claims that Google intended to acquire the startup. Prosecutors allege that Watson misled investors about Ozy’s success, including falsely claiming that Google offered to buy the company for hundreds of millions of dollars. Ozy Media … Read more

Here’s How Much $1,000 Invested in Nvidia Stock 10 Years Ago Would Be Worth Today

Here’s How Much ,000 Invested in Nvidia Stock 10 Years Ago Would Be Worth Today

In 2014, Nvidia was facing a revenue decline, leading some investors to view the company as mature. However, those who delved deeper discovered Nvidia’s CUDA platform, enabling graphics chips to perform parallel data processing. This innovation hinted at the potential for GPUs to surpass CPUs in data center computing. A $1,000 investment in Nvidia in … Read more

AWS investment worth billions arrives in Germany

AWS investment worth billions arrives in Germany

Amazon has announced its plans to invest 10 billion euros in Germany as part of its ongoing expansion efforts in Europe. This investment will focus on strengthening the country’s cloud infrastructure by boosting data centers and logistics networks. The expansion of AWS in Germany is expected to create new jobs, facilities, and training opportunities. The … Read more

Nutanix’s Chief Operating Officer, Sangster, offloads more than $562k worth of company stock, according to Investing.com

Nutanix’s Chief Operating Officer, Sangster, offloads more than 2k worth of company stock, according to Investing.com

Nutanix, Inc.’s Chief Operating Officer, David Sangster, has been involved in significant trading of the company’s stock according to recent SEC filings. He acquired 23,234 shares of Class A Common Stock for free on June 15, 2024, and then sold 12,284 shares on the same day to cover tax obligations, generating $663,458. Additionally, Sangster sold … Read more

Tech Giant’s ETF Poised to Purchase $10 Billion Worth of Nvidia Stocks

Tech Giant’s ETF Poised to Purchase  Billion Worth of Nvidia Stocks

The Technology Select Sector SPDR Fund (XLK), managed by State Street Global Advisors, is increasing its exposure to Nvidia by purchasing about $10 billion in Nvidia shares. This move comes after Nvidia surpassed Microsoft to become the world’s most valuable company. The changes in the fund’s holdings are being made to align with pending changes … Read more