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HK Movers | Crypto Stocks Rebound With ZhongAn Online and OKG Technology up 6%
crypto stocks rebounded in Hong Kong, with ZhongAn Online and OKG Technology up 6%, Sinohope Technology up 5%, Grandshores Technology and Linekong Interactive up 3%, OSL Group and Lianlian DigiTech up 2%.Tiger News
Aug 21, 2025
Pangaea Connectivity (1473.HK) Join Hands with Mr. Chatchaval Jiaravanon from CP Group Family, Plans to Capture Growing Demand from AI, IoT, and Renewable Energy Technology
In 2025, the global artificial intelligence (AI) and high-performance computing (HPC) markets continued to see vibrant developments. With AI increasingly integrated into daily lives along with the exponential growth of the digital economy, HPC and ultra-high-speed, low-latency data transmission have become essential to economic development. According to data from the World Economic Forum, the global data center industry is currently valued at US$242.7 billion, and is projected to double to over US$584.0 billion by 2032. Meanwhile, breakthroughs in renewable energy technology not only provide more cost-effective and sustainable power solutions, but also offer strong support to the power needs of data centers and cloud computing. Hence, AI computing, IoT, and renewable energy-related stocks saw a strong rally, with leading companies such as Nvidia (NASDAQ: NVDA), Innolight (300308.SZ), and Constellation Energy (NASDAQ: CEG) all reporting gains towards historical highs. In Hong Kong, the stock market is also home to a number of related stocks, including Pangaea Connectivity (1473.HK).Cutting-edge Technology to Solidify Market PositionBy integrating cutting-edge technologies and high-performance components, Pangaea Connectivity delivers comprehensive communication solutions across the AI data centers, HPC, green energy, WiFi and IoT, and telecommunication markets. The Company has built a solid market position by leveraging leading technologies such as Linear-drive Pluggable Optics (LPO) and next-generation WiFi and integrating them into practical modules and solutions to deliver ultra-high-speed, energy-efficient, and low-latency data connectivity for applications spanning AI infrastructure, data centers, AIoT, autonomous vehicles, and smart factories etc. On the other hand, the company also developed knowhow in high-power industrial laser processing for solar back-contact (BC) batteries manufacturing. Besides, the high-power laser processing technologies are also revolutionizing printed circuit board (PCB) and semiconductor manufacturing process. Supported by its technological know-how and comprehensive offerings, the company has cemented its position as a driving force in next-generation high performance computing and AI data centers. Looking into its annual report, it is stated that a considerable portion of the company's sales now comes from electronic components used in HPC and data centers. By integrating these components with GPUs into connection modules, customers are able to build AI-optimised HPC servers, satisfying the growing needs of AI solutions. As a result, the company has experienced strong financial growth, with revenue increasing 53.8% year-on-year to record-high HK$2,128.2 million in FY2024/25. The company is also out of the red, reporting a net profit of HK$30.5 million for the financial year. Supported by International Capital and Key Member of the CP Group FamilyOn August 13, the company announced the completion of a placement, placing 199,000,000 shares at HK$0.180 per share and raising approximately HK$35.3 million in net proceeds, which will be mainly used for further business development in AI technology-related areas. A review of the transaction details reveals that one of the notable places, Mile Green Company Limited, will also become one of the major shareholders with 9.3% equity interest. Mile Green is a sustainable energy solution company with dual headquarters in Hong Kong and Thailand. Its ultimate beneficial owners comprise Mr. Chatchaval Jiaravanon (‘‘Mr. Jiaravanon’’), Mr. Maverick Hui and Ms. Gigi Chan. Among the three, Mr. Jiaravanon’s background is particularly noteworthy. He is a core member of the CP family, one of Asia's wealthiest families, as well as the owner of Fortune Media. He is also the founder and chairman of Charoen Energy and Water Asia, a renewable energy company, and Lightnet Group, a cross-border, cross-platform cryptocurrency payment platform. In addition, he has been heavily involved in the investment and development of datacentres and previously served as an Executive Director of True Corporation, one of the largest telecommunications companies in Thailand.Given Mr. Jiaravanon's extensive investments and vast resources across sectors demanding high-frequency data interaction - such as new energy, AI, IoT, and data infrastructure - the collaboration highlights the strategic motivation and potential synergies beyond traditional financial significance, which is expected to have a profound impact on the company’s future development. As the company is also planning to actively expand into Southeast Asia, the addition of Mr. Jiaravanon will also help with its regional expansion plan, while strengthening its grip in the next-generation AI computing and HPC markets.Regarding stock price performance, the company's share price has more than doubled since the announcement of its full-year results and placement on July 23. With the support from international capital, extensive regional network, expansive product offerings, and favorable industry developments, Pangaea Connectivity's long-term performance is nothing but promising.-End-21/08/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Aug 21, 2025
24H｜CoreWeave Climbs After Jane Street Acquires 5.4% Stake
CoreWeave, Inc. shares climbed in overnight trading after it was revealed Jane Street had purchased a 5.4% stake in the artificial intelligence hyperscaler.The quantitative trading firm now holds a total of 19.99M shares of CoreWeave, according to a filing with the U.S. Securities and Exchange Comm...Tiger News
Aug 21, 2025
24H｜AI Stocks Jump, SoundHound AI up 4%, Palantir up 1.4%; Nuclear Stocks Rise, NuScale Power up 4%, Nano Nuclear up 2%; Nordson up 6%
AI stocks rose in overnight trading. SoundHound AI Inc up 4%; Unity Software Inc. up 3%; Palantir Technologies Inc. up 1.4%; Hims & Hers Health Inc. up 1%.Nuclear stocks jumped in overnight trading. NuScale Power up 4%; Nano Nuclear up 2%; Oklo, Centrus up 1%. Dispensing equipment maker Nordson r...Tiger News
Aug 21, 2025
Post-Bell | Nasdaq, S&P 500 End Lower. Intel Drops 7%; Micron Slides 4%; Palantir Sinks 1%; Figma up 7%; SBET, Bullish up 6%
The Nasdaq and S&P 500 fell on Wednesday as investors sold tech stocks and moved into less highly valued sectors, as they also awaited remarks from Federal Reserve officials at their Jackson Hole symposium this week.Market SnapshotThe S&P 500 lost 15.59 points, or 0.24%, to end at 6,395.78 points, w...Tiger News
Aug 20, 2025
Top Calls on Wall Street: Nvidia, Micron, AT&T, Snowflake, Chevron & More
Here are Wednesday’s biggest calls on Wall Street:JPMorgan upgrades Upstart Holdings to overweight from neutralJPMorgan said it’s getting more constructive on shares of the fintech lender.“We are upgrading Upstart to OW (from N). We lean positive on the more seasoned fintech lenders, given a favorab...Tiger News
Aug 20, 2025
Earnings Movers | TJX Jumps over 4%; Analog Devices Gains Nearly 2%; Target Falls 8%; Estee Lauder Drops over 2%
Target named insider Michael Fiddelke on Wednesday as its new CEO to succeed long-time top boss Brian Cornell, and beat quarterly estimates, helped by a recovery in traffic at its stores and average receipts.However, the company's shares fell 8% after it held on to its annual forecasts after lowerin...Tiger News
Aug 20, 2025
Chip Stocks Sink. Intel Falls Nearly 6%; Micron Drops 3%; SOXL, TSMC down 2%; Nvidia, AMD down 1%
Chip Stocks Sink. Intel Falls Nearly 6%; Micron Drops 3%; SOXL, TSMC down 2%; Nvidia, AMD down 1%Deepening concerns of government interference with companies, sources said the Trump administration was looking into taking equity stakes in chip companies in exchange for grants under the CHIPS Act - ju...Tiger News
Aug 20, 2025
Stocks Are Little Changed as Investors Weigh Retail Earnings, Await Fed Minutes
Stocks were little changed Wednesday as investors weighed a mixed batch of retail earnings and looked ahead to the Federal Reserve’s latest meeting minutes release.Target shares dropped more than 9% after the retailer reported another decline in sales. The company also announced a new CEO who will s...Tiger News
Aug 20, 2025
Pre-Bell | Wall St Futures Slip; Nvidia, AMD and Intel Tick Lower; Palantir Sinks 3%; Estee Lauder Drops 7%; Target Plunges 10%
U.S. stock index futures declined on Wednesday, following a tech selloff on Wall Street, as investors geared up for more retail earnings and a crucial Federal Reserve symposium later this week.The tech sector was behind much of the market recovery from the April selloff, but investors have started t...Tiger News
Aug 20, 2025
Nasdaq suffers sharpest drop since August as AI optimism fades
US technology shares slid on Tuesday in New York trading as fresh doubts about the boom in artificial intelligence rippled through 2025’s biggest winners, pushing the Nasdaq Composite to its sharpest one-day fall since August 1 and dragging broader equities lower.Cryptopolitan
Aug 20, 2025
Pop Mart Soars Over 13%, Market Cap Tops HK$400 Billion; CEO Projects Effortless HK$30 Billion Revenue in 2025
TradingKey - On Wednesday, August 20, Pop Mart (9992.HK) shares soared more than 13% to HK$318.4 during Hong Kong trading, pushing its market cap past the HK$400 billion mark. The stock closed up 12.54% at HK$316.TradingKey
Aug 20, 2025
Crypto Shares Rebound. BIT Mining up Nearly 8%; BitMine up 4%; SharpLink Gaming up 3%; DeFi Dev, BTCS, Bit Digital up over 2%
Crypto shares jumped on Wednesday. BIT Mining up nearly 8%; BitMine up 4%; SharpLink Gaming up 3%; DeFi Dev, BTCS, Bit Digital up over 2%; Strategy, Circle, Coinbase up 1%.Tiger News
Aug 20, 2025
Strategy Stock Plunges to 4-Month Low — Further 30% Decline Possible, Analysts Warn
On Tuesday, August 19, shares of Strategy Inc. ( MSTR) — the public company with the largest Bitcoin holdings — fell more than 7%, breaking below the key $350 support level to close at $336, its lowest price since April 2025.
TradingKey
Aug 20, 2025
Palantir Stock Drops Another 2% Premarket After a 9% Decline in Prior Trading Session
Palantir stock dropped about 2% after a 9% decline in prior trading session.Palantir Technologies Inc. has been one of the biggest artificial-intelligence winners in 2025, but there's reason to believe investors may have gotten way ahead of themselves.That's according to the famed short-seller and C...Tiger News
Aug 20, 2025
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