AI Stock News Bite – Alset Capital Inc. (TSXV: KSUM.V) Gains on News of Supply Agreement with AI Leaders

April 4, 2024 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com) AI Stock News Bite – Alset Capital Inc. (TSXV: KSUM) (FSE: 1R60, WKN: A3ESVQ), a company aiming to be a pure-play pubco operator of AI specialized computing infrastructure is trading up on news. The stock is trading at 0.4400, up 0.0200 or 4.76% on the TSXV with a morning high of $0.45.

Alset announced today that its investee company, Cedarcross International Technologies Inc., has entered into a Supply Agreement with CoinDigger DBA Earthmade Computer Corp. This Agreement grants Cedarcross the authority to engage directly with Super Micro Computer, Inc. (NASDAQ: SMCI) for the acquisition of Nvidia GPU High Performance Computing (HPC) Hardware.

Super Micro Computer, Inc., a global technology leader committed to delivering first-to-market innovation for Enterprise, Cloud, AI, Metaverse, and 5G Telco/Edge IT Infrastructure. Super Micro Computer, Inc. is renowned for delivering one of the broadest selections of Nvidia-Certified systems providing the most performance and efficiency from small enterprises to massive, unified AI training clusters with the new Nvidia H100 and H200 Tensor Core GPUs.1

The surge in demand for Nvidia GPU HPC hardware2 has underscored heightened costs and extended delivery timelines. Through this strategic alliance, Cedarcross secures unique access to Nvidia HPC hardware at competitive price points, while effectively mitigating lead time challenges. This enables Cedarcross to fortify its position in the market as it endeavors to expand its Nvidia HPC hardware fleet, bolstering scalability and competitiveness.

“We are very enthusiastic about Cedarcross’s strategic collaboration with Earthmade to purchase Nvidia HPC hardware directly from Super Micro Computer, Inc.,” commented Morgan Good, CEO of Alset. “This Agreement not only ensures the seamless procurement of vital AI computing hardware but also solidifies Cedarcross’s competitive positioning in the industry.”

“This Agreement is a testament to our commitment to providing HPC AI hardware solutions,” said Greg Lui, CEO of Earthmade. “By facilitating Cedarcross’s access to Nvidia’s GPU HPC hardware, we are not only strengthening our relationship with Alset and Cedarcross but also reinforcing our position in the AI computing supply chain. We look forward to the innovative advancements that Cedarcross will achieve with this high-performance computing power.”

Read the company’s full news and disclaimer here:

https://finance.yahoo.com/news/alset-capital-announces-investee-company-080000217.html

Research more AI stocks with Investorideas.com stock directory

https://www.investorideas.com/TSS/Stock_List.asp#Robotics

About Investorideas.com – Big Investing Ideas

Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech , sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: More disclaimer and disclosure info https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Follow us on Twitter @investorideas and @stocknewsbites

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Sign up for free stock news alerts at Investorideas.com

https://www.investorideas.com/Resources/Newsletter.asp

Contact Investorideas.com

800 665 0411