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Sources revealed that SK Hynix is seeking a Nasdaq listing.Sharon AI (SHAZ.O) expects to deploy more than 55,000 Nvidia GPUs by mid-2027.Sharon AI (SHAZ.O) shares surged as much as 25% in pre-market trading and are currently up 15% after the company announced a six-year computing power agreement with Nvidia (NVDA.O).Sharon AI announced a six-year strategic computing power partnership with NVIDIA (NVDA.O).On June 12th, according to Hubei Jiangcheng Laboratory, the laboratory recently achieved a major breakthrough in key capacitor technologies, successfully developing a three-dimensional multilayer on-chip capacitor with a capacitance density exceeding 1000 nanofarads per square millimeter. This capacitor can be directly applied to high-end chips such as AI/GPU chips and high-performance processors, supporting the development of high-computing-power, low-power chips. Currently, the relevant technology is undergoing process fabrication and small-batch trial production, and will achieve large-scale application in the field of advanced packaging. The role of a capacitor in a circuit is essentially a miniature "reservoir": when the chip current fluctuates drastically, it can rapidly charge and discharge to smooth the voltage, ensuring the chip receives a "pure and stable" current. In computing systems, capacitors are also likened to "electric RAM": HBM is the data buffer for computing power, while capacitors are the energy buffer. To supply power to a GPU when it instantly reaches full power, it is necessary to rely on multi-level power caches ranging from nanoseconds to seconds to relay power step by step.

Gold Price Prediction: XAU/USD struggles to extend gains on encouraging ADP Employment data from the United States

Daniel Rogers

Jan 06, 2023 11:12

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After falling to almost $1,825.00 during the late New York session, the gold price (XAU/USD) has tried a recovery. The precious metal is battling to continue its rebound as robust United States Automatic Data Processing (ADP) Employment Change data has prompted the risk of the Federal Reserve (Fed) maintaining higher interest rate stability for an extended duration.

 

S&P500 suffered a major sell-off from the market participants, displaying a risk-aversion theme, as bigger additions of fresh payrolls in the United States job market will require the Fed to sustain its aggressive position on interest rates for a longer term. This has also caused a possibility of recession in the US economy. The Employment Change (Dec) jumped to 235K in contrast to the predicted 150K and the previous release of 127K. In addition, the weekly Initial Jobless Claims (IJC) have decreased to 204K compared to the expected 225K.

 

The US Dollar Index (DXY) achieved a roaring rally after sustaining above the important resistance of 104.00 and rose to reach 105.00. In addition, 10-year US Treasury yields detected demand and rose to approximately 3.72 percent.

 

Investors will closely monitor Nonfarm Payrolls (NFP) data on Friday. After noticing optimistic signals from ADP Employment Change, it is quite likely that the US NFP will report data that exceeds expectations. The unemployment rate is expected to remain unchanged at 3.7%.


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