Here's What You Missed in Crypto This Week » 09:5905/2705/27/22
BTC, BITCOIN, $BTC, $ETH, $LTC, $DOGE, GME, COIN, MA, AMD, NVDA, IDEX, RIOT, OSTK, TEUM, SRAX
As bitcoin, ethereum and…
Kaixin Auto appoints Lei Gu as strategic advisor, new energy vehicle business » 07:0505/2705/27/22
Kaixin Auto Holdings…
Kaixin Auto Holdings (KXIN) announces that it has hired Lei Gu as the strategic advisor to lead development of its new energy vehicle business. Before joining Kaixin, Mr. Gu was senior technical expert with Ford Motor (F) and had served as CTO and vice president of BAIC Motor.
Casi Pharmaceuticals announces 1-for-10 reverse stock split » 16:3105/2605/26/22
Casi Pharmaceuticals announced it has filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation to implement a 1-for-10 reverse stock split that will become effective at 5:00 p.m., Eastern Time, on June 1. The primary objective of implementing a reverse split is to satisfy the minimum bid price requirement for continued listing on The NASDAQ Capital Market (Rule 5550(a)(1)).
Casi Pharmaceuticals should benefit from Shanghai's reopening, says Oppenheimer » 15:1505/2605/26/22
Oppenheimer analyst Leland Gershell said additional plans just unveiled by Shanghai's top official signal increased confidence for the city's anticipated June 1 re-opening, which he views as a positive for Casi Pharmaceuticals given recent pressure on Evomela sales. The analyst, who would expect Shanghai's continued moves toward a re-opening to further benefit the shares, keeps an Outperform rating and $6 price target on the stock.
AMD, Microsoft continue collaboration in the cloud » 09:0405/2605/26/22
AMD and Microsoft…
AMD and Microsoft continued their collaboration in the cloud, with Microsoft announcing the use of AMD Instinct MI200 accelerators to power large scale AI training workloads. In addition, Microsoft announced it is working closely with the PyTorch Core team and AMD data center software team to optimize the performance and developer experience for customers running PyTorch on Microsoft Azure and ensure that developers' PyTorch projects take advantage of the performance and features of AMD Instinct accelerators.
Notable open interest changes for May 26th » 08:5505/2605/26/22
NVDA, CCL, AMD, AMC
Wednesday's total option volume of 34.2 million contracts resulted in net open interest growth of 4.79 million calls and 3.42 million puts. NVIDIA (NVDA), Carnival (CCL), Advanced Micro (AMD) and AMC Entertainment (AMC) saw the greatest growth. Top five new positions opened include 159k Carnival (CCL) Sep-22 7.5 puts, 68k Norwegian Cruise Line (NCLH) Sep-22 7.5 puts, 35k Trip.com (TCOM) Sep-22 35 calls, 35k Trip.com (TCOM) Sep-22 25 calls and 30k Advanced Micro (AMD) Aug-22 75 puts.
AMD completes acquisition of Pensando » 08:5105/2605/26/22
AMD announced that it has…
AMD announced that it has completed its acquisition of Pensando Systems in a transaction valued at approximately $1.9 billion. Pensando's distributed services platform will expand AMD's data center product portfolio with a high-performance data processing unit and software stack that are already deployed at scale across cloud and enterprise customers including Goldman Sachs, IBM Cloud, Microsoft Azure and Oracle Cloud. The Pensando team will join the AMD Data Center Solutions Group, led by AMD Senior Vice President and General Manager Forrest Norrod. Pensando will remain focused on executing their product and technology roadmaps, now with additional scale to accelerate their business and address growing market opportunities across a broader number of customers.
Regions Financial price target lowered to $20 from $24 at Wolfe Research » 04:5605/2605/26/22
Wolfe Research analyst…
Wolfe Research analyst Bill Carcache lowered the firm's price target on Regions Financial to $20 from $24 and keeps a Peer Perform rating on the shares. The analyst maintains a cautious stance on mid-cap banks and expects further multiple compression based on his view that a recession is likely. Banks running low on liquidity will face relatively higher funding costs and deposit betas as competition from higher rate paying direct banks intensifies during the hiking cycle, Carcache tells investors in a research note.
AMD expands confidential computing presence on Google Cloud » 09:0305/2505/25/22
AMD, GOOG, GOOGL
AMD announced new…
AMD announced new Confidential virtual machines on the existing the N2D and C2D VMs on Google Cloud, all powered by AMD EPYC processors. These VMs extend the AMD EPYC processor portfolio of Confidential Computing on Google Cloud with the performance of 3rd Gen EPYC processors in compute-optimized VMs. A key Confidential Computing component provided by AMD EPYC processors is AMD Secure Encrypted Virtualization, part of AMD Infinity Guard. This advanced hardware-based security feature encrypts full system memory and individual virtual machine memory as well as isolating the VM memory from the hypervisor, without dramatically impacting performance. With the expansion of Confidential Computing in N2D and C2D VMs, Google Cloud customers now have access to advanced hardware enabled security features powered by 3rd Gen AMD EPYC processors that will help protect sensitive, wide-variety workloads.
BlackBerry, NXP Semiconductors announce collaboration » 08:0605/2505/25/22
BlackBerry (BB) announced…
BlackBerry (BB) announced it will provide support for quantum-resistant secure boot signatures for NXP Semiconductors' (NXPI) crypto-agile S32G vehicle networking processors in a demonstration to illustrate how to mitigate the risk of potential quantum computing attacks on in-vehicle software. The new integration will allow software to be digitally signed using the National Institute of Standards and Technology's recently endorsed CRYSTALS Dilithium digital signature scheme that will be quantum resistant, providing peace of mind to those relying on - and delivering - long lifecycle assets such as systems in critical infrastructure, industrial controls, aerospace and military electronics, telecommunications, transportation infrastructure, and connected cars. The collaboration is set to guard against an increasingly risky future when quantum computers will be able to easily break traditional code signing schemes.