Midweek Market Update - Nov 22

Midweek  Market Update - Nov 22

Here is a few things you might have missed this week

Billion with a 'B' – no biggie, right?

AEMC dropped a bombshell announcement of 1.5 billion pounds of Nickel. in mineral resource update. That's right, billion with a 'B'

AEMC Breaking News
Mineral Resource Estimate Exceeding 1.5 Billion Pounds Of Contained Nickel For The Nikolai Nickel Project, Alaska, USA

Coming on Thursday

Looking forward to this interview @ArlenHansen & @JayMartinBC talking about Resource Wars: Geopolitics of Commodity Investing.

The financial results of Steppe Gold for the third quarter of 2023 present a generally positive picture of the company's performance and prospects:

Steppe Gold Announces Third Quarter 2023 Financial Results
Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company“) is pleased to announce its financial results for the third quarter ended September 30, 2023. HIGHLIGHTS Third q
Blackwolf Appoints Vivien Chuang to its Board of Directors and Provides
VANCOUVER, BC / ACCESSWIRE / November 21, 2023 / Blackwolf Copper and Gold Ltd. (“Blackwolf” or the “Company”) (TSXV:BWCG)(OTC PINK:BWCGF) announces the appointment of Ms. Vivien

AI News

Sam Altman reinstated as OpenAI CEO with new board members 

@OpenAI We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo.
OpenAI announces leadership transition
Chief technology officer Mira Murati appointed interim CEO to lead OpenAI; Sam Altman departs the company. Search process underway to identify permanent successor.

NVIDIA Beats all earning projections again

NVIDIA 3Q REV. $18.12B, EST. $16.09B (BEAT)
NVIDIA 3Q ADJ EPS $4.02, EST. $3.36 (BEAT)
NVIDIA 3Q ADJ GROSS MARGIN 75%, EST. 72.5% (BEAT)

FORBES has done it again 🤣 Another fall from grace

Binance CEO Changpeng Zhao has agreed to step down and plead guilty to criminal and civil charges against him and Binance as part of a $4.3 billion settlement, the biggest in US Treasury history.

Binance CEO steps down; crypto platform hit with record $4.3 billion in damages
The Treasury Department said Binance “willfully failed to report” more than 100,000 suspicious transactions from a host of sanctioned groups and countries, including Hamas and North Korea.

EV News

Strange and kinda cute, what will they think of next

Solar-powered Japanese tiny van ‘PUZZLE’ unveiled ahead of North
You may have heard of the Japanese phenomenon of “kei cars”, which are pint-sized vehicles designed to fit into a local regulatory window that allows for much smaller, lighter cars and trucks to ope

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Alset Capital Inc. Announces $26 Million H100 Server Contract by Investee Company Cedarcross

Alset Capital Inc. Announces $26 Million H100 Server Contract by Investee Company Cedarcross

News Release Highlights: * Alset investee, Cedarcross signs $26 million Nvidia H100 GPU server contract. * Cedarcross achieves approx. $28 million cumulative revenue year to date with its high-performance computing (“HPC”) server distribution business vertical alone. * Nvidia’s H100 Servers are used in “transformational AI Training”, offering up to “7x higher performance

By Financial Gambits
Alset Capital Inc. Investee Company Cedarcross Technologies Announces Nvidia AI Server Agreement, and Signs C$2.3 Million First H100 Server Distribution Transaction

Alset Capital Inc. Investee Company Cedarcross Technologies Announces Nvidia AI Server Agreement, and Signs C$2.3 Million First H100 Server Distribution Transaction

News Release Highlights: * Cedarcross Technologies, Alset investee company, has entered into a distribution agreement with Earthmade Computer, an Authorized Distributor of Super Micro Computer, to provide AI companies with access to Nvidia H100 servers * Cedarcross Technologies achieves significant milestone closing its first distribution transaction with Ceti AI for total revenue

By Financial Gambits