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TCBI – TCBI NEWS: The Klein Law Firm Initiates an Investigation Involving Possible Securities Fraud Violations by Officers of Texas Capital Bancshares, Inc.

Written by admin on May 29, 2023. Posted in Stock Report, TCBI.

NEW YORK, May 29, 2023 /PRNewswire/ — The Klein Law Firm announces that it is investigating allegations that Texas Capital Bancshares, Inc. (“Texas Capital “) (NASDAQ: TCBI) violated federal securities laws.

CURRENT INVESTIGATION DETAILS: On March 29, 2021, shares of Texas Capital stock dropped 13% on unusually heavy trading volume as prime brokers associated with now-defunct family office, Archegos Capital Management, unwound large U.S. stock positions linked to the fund. A Bloomberg article published on November 16, 2021 detailed how Archegos built up a previously undisclosed position equal to 20% of Texas Capital prior to the margin calls that forced Archegos’ liquidation. According to the article, Texas Capital was aware of the large position held by Archegos while it raised additional capital from investors in February 2021.

HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the potential claims on behalf of TCBI investors, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link:

https://www.kleinstocklaw.com/pslra-1/texas-capital-lawsuit-loss-submission-form?wire=4

ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
535 Fifth Avenue
4th Floor
New York City, NY 10017
[email protected]
Telephone: (212) 616-4899
www.kleinstocklaw.com

SOURCE The Klein Law Firm

PHAT – PHAT NEWS: The Klein Law Firm Initiates an Investigation Involving Possible Securities Fraud Violations by Officers of Phathom Pharmaceuticals, Inc.

Written by admin on May 29, 2023. Posted in PHAT, Stock Report.

NEW YORK, May 29, 2023 /PRNewswire/ — The Klein Law Firm announces that it is investigating allegations that Phathom Pharmaceuticals, Inc. (“Phathom”) (NASDAQ: PHAT) violated federal securities laws.

CURRENT INVESTIGATION DETAILS: On August 2, 2022, before market hours, Phathom issued a press release entitled “Phathom Pharmaceuticals Reports Second Quarter 2022 Financial Results and Provides Business Updates” which announced that “we detected trace levels of a nitrosamine in vonoprazan drug product in our post-approval testing as we prepared for commercial launch.” Further, the press release announced that “[t]he Company is working with the FDA and plans to obtain approval of and implement an additional test method, specification, including a proposed acceptable intake limit, and additional controls to address this impurity prior to releasing our first vonoprazan-based products to the market.” Finally, Phathom announced that “[t]hese additional activities will result in a delay of the planned VOQUEZNA DUAL PAK and VOQUEZNA TRIPLE PAK product launches.”

On this news, Phathom’s stock price fell $2.61 per share, or 28%, to close at $6.46 per share on August 2, 2022.

HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the potential claims on behalf of PHAT investors, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link:

https://www.kleinstocklaw.com/pslra-1/phathom-lawsuit-loss-submission-form?wire=4

CONTACT:
J. Klein, Esq.
535 Fifth Avenue
4th Floor
New York City, NY 10017
[email protected]
Telephone: (212) 616-4899
www.kleinstocklaw.com

SOURCE The Klein Law Firm

RETA – RETA NEWS: The Klein Law Firm Initiates an Investigation Involving Possible Securities Fraud Violations by Officers of Reata Pharmaceuticals, Inc.

Written by admin on May 29, 2023. Posted in RETA, Stock Report.

NEW YORK, May 29, 2023 /PRNewswire/ — The Klein Law Firm announces that it is investigating allegations that Reata Pharmaceuticals, Inc. (“Reata” or “the Company”) (NASDAQ: RETA) violated federal securities laws.

CURRENT INVESTIGATION DETAILS: On May 10, 2023, Reata issued a press release announcing its financial results for the first quarter of 2023. Among other items, Reata announced its decision to discontinue studies for its kidney disease candidate bardoxolone, which the Company had previously advanced as one of its lead assets in partnership with Blackstone Life Sciences and Kyoma Kirin. On this news, Reata’s stock price fell $14.99 per share or 14.23%, to close at $90.38 per share on May 10, 2023.

HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the potential claims on behalf of RETA investors, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link:

https://www.kleinstocklaw.com/pslra-1/reata-lawsuit-loss-submission-form?wire=4

CONTACT:
J. Klein, Esq.
535 Fifth Avenue
4th Floor
New York City, NY 10017
[email protected]
Telephone: (212) 616-4899
www.kleinstocklaw.com

SOURCE The Klein Law Firm

NVDA – AI means everyone can now be a programmer, Nvidia chief says

Written by admin on May 29, 2023. Posted in NVDA, Stock Report.

TAIPEI, May 29 (Reuters) – Artificial intelligence means everyone can now be a computer programmer as all they need to do is speak to the computer, Nvidia Corp (NVDA.O) CEO Jensen Huang said on Monday, hailing the end of the “digital divide”.

Nvidia has surged to become the world’s most valuable listed semiconductor company as a major supplier of chips and computing systems for artificial intelligence.

The company last week forecast second-quarter revenue more than 50% above Wall Street estimates and said it was boosting supply to meet surging demand for its artificial-intelligence chips, which are used to power ChatGPT and many similar services.

Speaking to thousands of people at the Computex forum in Taipei, Huang, who was born in southern Taiwan before his family emigrated to the United States when he was a child, said AI was leading a computing revolution.

“There’s no question we’re in a new computing era,” he said in a speech, occasionally dropping in words of Mandarin or Taiwanese to the delight of the crowd.

“Every single computing era you could do different things that weren’t possible before, and artificial intelligence certainly qualifies,” Huang added.

“The programming barrier is incredibly low. We have closed the digital divide. Everyone is a programmer now – you just have to say something to the computer,” he said.

“The rate of progress, because it’s so easy to use, is the reason why it’s growing so fast. This is going to touch literally every single industry.”

Nvidia’s chips have helped companies such as Microsoft Corp (MSFT.O) add human-like chat features to search engines such as Bing.

Huang demonstrated what AI could do, including getting a programme to write a short pop song praising Nvidia with only a few words of instruction.

He unveiled several new applications, including a partnership with the world’s largest advertising group WPP (WPP.L) for generative AI-enabled content for digital advertising.

Nvidia has strained to meet demand for its AI chips, with Tesla Inc TSLA.O CEO Elon Musk, who is reportedly building out an artificial-intelligence startup, last week telling an interviewer that the graphics processing units (GPUs) are “considerably harder to get than drugs”.

Reporting by Ben Blanchard; editing by Jason Neely

Our Standards: The Thomson Reuters Trust Principles.

NVDA – MediaTek Partners With NVIDIA to Provide Full-Scale Product Roadmap to the Automotive Industry

Written by admin on May 29, 2023. Posted in NVDA, Stock Report.

Integrating new NVIDIA GPU chiplet into the MediaTek Dimensity Auto platform provides the most advanced AI, connectivity and computing capabilities for next-generation smart cabins

TAIPEI, May 29, 2023 /PRNewswire/ — MediaTek today announced a partnership with NVIDIA to deliver a complete range of in-vehicle AI cabin solutions for the next generation of software-defined vehicles. The collaboration combines the strength of each company’s automotive portfolios to deliver the most compelling solutions for state-of-the-art connected cars.

“NVIDIA is a world-renowned pioneer and industry leader in AI and computing. With this partnership, our collaborative vision is to provide a global one-stop shop for the automotive industry, designing the next generation of intelligent, always-connected vehicles,” said Rick Tsai, Vice Chairman and CEO of MediaTek. “Through this special collaboration with NVIDIA, we will together be able to offer a truly unique platform for the compute intensive, software-defined vehicle of the future.”

“AI and accelerated computing are fueling the transformation of the entire auto industry,” said Jensen Huang, founder and CEO of NVIDIA. “The combination of MediaTek’s industry-leading SoC and NVIDIA’s GPU and AI software technologies will enable new user experiences, enhanced safety and new connected services for all vehicle segments, from luxury to mainstream.”

Through this collaboration, MediaTek will develop automotive SoCs integrating a new NVIDIA GPU chiplet with NVIDIA AI and graphics IP. Chiplets are connected by an ultra-fast and coherent chiplet interconnect technology.

MediaTek’s smart cabin solutions will run NVIDIA DRIVE OS, DRIVE IX, CUDA and TensorRT software technologies — delivering a full range of AI cabin and cockpit functions with cutting-edge graphics, AI, safety and security features.

MediaTek will work with NVIDIA to deliver automotive solutions that surpass the industry’s growing needs and demands while posing a significant market opportunity for the companies. According to Gartner^®, the total addressable market for infotainment and instrument cluster SoCs used within vehicles will reach $12 billion in 2023.¹

By tapping NVIDIA’s core expertise in AI, cloud, graphics technology and software, and pairing with NVIDIA ADAS solutions, MediaTek can bolster the capabilities of its comprehensive Dimensity Auto platform, which leverages the company’s expertise in mobile computing, high-speed connectivity, entertainment and extensive Android ecosystem, to deliver an all-around smarter in-vehicle experience.

About MediaTek Inc.
MediaTek Incorporated (TWSE: 2454) is a global fabless semiconductor company that enables nearly 2 billion connected devices a year. We are a market leader in developing innovative systems-on-chip (SoC) for mobile, home entertainment, connectivity and IoT products. Our dedication to innovation has positioned us as a driving market force in several key technology areas, including highly power-efficient mobile technologies, automotive solutions and a broad range of advanced multimedia products such as smartphones, tablets, digital televisions, 5G, Voice Assistant Devices (VAD) and wearables. MediaTek empowers and inspires people to expand their horizons and achieve their goals through smart technology, more easily and efficiently than ever before. We work with the brands you love to make great technology accessible to everyone, and it drives everything we do. Visit www.mediatek.com for more information.

For further information, contact:

MediaTek Press Office:
[email protected]
Kevin Keating
+1- 206-321-7295
10188 Telesis Ct #500, San Diego, CA 92121, USA

¹ Gartner, Forecast Analysis: Automotive Semiconductors, Worldwide, 2021-2031, January 18, 2023; Table 1 – Automotive Semiconductor Forecast by Application (Billions of U.S. Dollars)

Calculation performed by NVIDIA based on Gartner research. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

SOURCE MediaTek Inc.

AA – Yellow Stem Announces Name Change and Corporate Update

Written by admin on May 29, 2023. Posted in AA, Stock Report.

Vancouver, British Columbia–(Newsfile Corp. – May 29, 2023) – Yellow Stem Tech Inc. (CSE: YY) (the “Company”) provides an update on corporate events.

Name Change

As disclosed in the Company’s news release of May 15, 2023, the Company’s name change from Yellow Stem Tech Inc. to Sweet Poison Spirits Inc. will be effective on June 1, 2023. The Company’s trading symbol will change to “SPS”, and the new CUSIP number for the Company’s common shares will be 87043J104.

Business Update

The name change is a result of the Company rebranding itself and all its affiliated businesses. Principally the Company will be operating under its Product Distribution Agreement (the “Distribution Agreement”) with Sweet Poison Spirits S de RL de CV, a Mexican company headquartered in Guadalajara, Mexico, and Sweet Poison Spirits LLC, a California limited liability corporation headquartered in San Diego, California (collectively, “Sweet Poison”) to distribute Sweet Poison’s premium Tequila and Mezcal products under the “Sweet Poison” brand names. For details of the Distribution Agreement and the related industry, please see the Company’s Listing Statement dated March 27, 2023 as filed on SEDAR and the CSE website. Please also refer to the Company’s news release of May 15, 2023, which sets out terms of amendments to the Distribution Agreement. The Listing Statement is being reviewed by the CSE, and so is subject to change. Any material changes will be outlined in a subsequent news release and reflected in a revised Listing Statement.

While distributing Sweet Poison spirits under the Distribution Agreement will be the Company’s primary focus in the next 12 months, the Company continues to monitor the pricing of cryptocurrencies, with a view to restarting its mining operations should it again become profitable. As noted in prior disclosure, the Company ceased mining cryptocurrency shortly after acquiring its mining rigs due to a material decline in cryptocurrency prices. Similarly, while the Company is not presently carrying any activities in the hemp growing and product manufacturing business, the Company may re-initiate such business under the “Sweet Poison” brand, should that industry again look profitable.

The Company intends to investigate new and alternative businesses that are complementary to management’s skills and expertise, all of which will be operated under the “Sweet Poison” brand.

Private Placement

As previously announced (see news release of May 15, 2023), the Company has arranged a non-brokered private placement of up to $1 million through the issuance of up to 10 million units (the “Units”) at a price of $0.10 per Unit. Funds will be used primarily to acquire inventory from Sweet Poison, to arrange new distribution agents, and for marketing costs associated with distributing the Sweet Poison tequila and mezcal products.

ON BEHALF OF THE BOARD

Signed “Robert Eadie”
Robert Eadie, President, Chief Executive Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-602-4935 ♦ Facsimile: 1-604-602-4936
Contact: Robert Eadie

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to closing of agreements and future operations.

Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. There is no assurance the Company will be able to execute its distribution plans profitably, or at all. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/167774

MS – Chinese consumers won’t return to pre-Covid spending soon — a problem for Starbucks, Morgan Stanley says

Written by admin on May 29, 2023. Posted in MS, Stock Report.

Chinese consumer spending won’t return to pre-Covid levels anytime soon, a problem for international brands such as Starbucks, Morgan Stanley said in a report.
After an expected 9% rebound in Chinese consumers’ spending this year, the analysts forecast an increase of 4.8% next year — 0.5 percentage points lower than before the pandemic.
Meanwhile, the number of coffee stores grew by 16% year-on-year in April — mostly local brands, the Morgan Stanley report said.

Starbucks opened its 6,000 store in mainland China in September 2022.

Bloomberg | Bloomberg | Getty Images

BEIJING — Chinese consumer spending won’t return to pre-Covid levels anytime soon, a problem for international brands such as Starbucks, Morgan Stanley said in a report Sunday.

Not only are people more cautious, but they now have more choices.

On the spending side, three factors are weighing on China’s consumer this year, the Morgan Stanley analysts said.

First, China has not handed out stimulus checks to consumers as the U.S. and other parts of the world did in the wake of Covid.

Second, pandemic restrictions and regulatory changes have eliminated 30 million service sector jobs that would have existed prior to Covid, the analysts estimated.

About 20 million of those jobs are likely to return later this year and next, the report said. But the analysts expect the remaining 10 million will take longer to restore since they were affected by Beijing’s crackdown on education, internet technology and property.

Third, the housing market has remained persistently soft in the wake of government efforts to limit speculation.

Previously, as recently as during the first half of 2021, property sales had led the recovery, the Morgan Stanley analysts pointed out.

Las Vegas Sands is a 'huge believer' in Macao and will be there for the long haul, CEO says

Covid-19 and measures to control it from 2020 to 2022 dragged down China’s economy. Since the abrupt end of those restrictions in December, growth has only recovered modestly.

After an expected 9% rebound in Chinese consumers’ spending this year, Morgan Stanley analysts forecast an increase of 4.8% next year — 0.5 percentage points lower than before the pandemic.

For Starbucks, the analysts expect the industry metric of same-store sales in China to grow by about 7% this year. That’s still “down roughly low-teens” versus 2019 levels, the report said.

Local market gets tougher

Also making things harder for international brands is growing local competition.

In fact, the U.S.-based coffee giant is “least favored to lever China’s recovery,” among to the Morgan Stanley analysts’ U.S. “restaurants” stock picks.

In April, China saw a 16% year-on-year increase in the number of coffee stores — mostly local brands, the Morgan Stanley report said. “As a result, MNCs like SBUX have been losing market share (though still growing stores at a robust pace).”

“The brand has more competition from relatively nascent but rapidly growing concepts like Luckin, Cotti, and Tim Hortons.”

Stock chart icon

Tim Hortons parent versus Starbucks

China-based Luckin Coffee now has more than 9,000 stores, while Tim Hortons has more than 600 locations after entering the country in 2019, according to the companies. New brand Cotti Coffee is so popular its website warns of people trying to impersonate the brand.

Starbucks opened its 6,000th store in mainland China in September 2022.

SMCI – Supermicro COMPUTEX Keynote Unveils Company’s Accelerate Everything Strategy for Product Innovation, Manufacturing Scale, and Green Technology

Written by admin on May 29, 2023. Posted in SMCI, Stock Report.

Supermicro Founder and CEO Charles Liang Will be Joined by Jensen Huang, NVIDIA CEO, and other Industry Luminaries to Outline Developments to Accelerate Cloud, AI, Edge, and Storage Workloads, Investments to Drive Rack Scale Manufacturing, and Innovations to Reduce the Environmental Impact of Today’s Datacenters with Green Computing Technologies

SAN JOSE, Calif. and TAIPEI, Taiwan, May 29, 2023 /PRNewswire/ — Super Micro Computer, Inc. (Nasdaq: SMCI), a Total IT Solution Provider for Cloud, AI/ML, Storage, and 5G/Edge, continues to offer IT solutions for decreasing the environmental impact of today’s modern data center. Supermicro is advancing technology in critical areas such as product design, green computing, manufacturing, and rack scale integration which enables organizations to become productive and reduce energy consumption quickly.

“Our Green Computing focus enables Supermicro to design and manufacture state-of-the-art servers and storage systems with the latest CPU and GPU technologies from NVIDIA, Intel, and AMD that reduce power consumption,” said Charles Liang, president and CEO of Supermicro. “Our innovative rack scale liquid cooling option enables organizations to reduce data center power usage expenses by up to 40%. Our popular GPU Servers with the NVIDIA HGX H100 8-GPU server continue to be in demand for AI workloads. We are expanding our solution offerings with innovative servers that use the NVIDIA Grace CPU Superchip and are working closely with NVIDIA to bring energy-efficient servers to market for AI and other industries. Worldwide our manufacturing capacity is 4,000 racks today and more than 5,000 later this year.”

Supermicro has the most comprehensive portfolio to support AI workloads and other verticals. These innovative systems include single and dual-socket rack mount systems based on 4th Gen Intel Xeon Scalable processors and 4th Gen AMD EPYC processors in 1U, 2U, 4U, 5U, and 8U form factor supporting 1-10 GPUs as well the density-optimized SuperBlade® systems supporting 20 NVIDIA H100 GPUs in an 8U enclosure, and SuperEdge systems designed for IoT and edge environments. The newly announced E3.S Petascale storage systems offer significant performance, capacity, throughput, and endurance when training on very large AI datasets while keeping excellent power efficiencies.

A new product family built on the NVIDIA Grace CPU Superchip will be available soon. These new servers will each contain 144 cores with dual CPUs joined by a 900GB/sec connection, allowing for highly responsive AI applications and those requiring extremely low latency responses. With the CPU running at 500W TDP, this system will reduce energy consumption for cloud-native workloads and the next generation of AI applications.

For more information, please visit: https://www.supermicro.com/en/products/system/GPU/2U/ARS-221GL-NR

With AI applications proliferating, the demand for high end AI designed servers is increasing, which brings new challenges for system providers to incorporate the latest CPUs and GPUs. The most advanced Supermicro GPU server incorporates dual CPUs and up to eight NVIDIA HGX H100 GPUs, which are available with a liquid cooled option, reducing OPEX.

“NVIDIA is closely working with Supermicro to quickly bring innovations to new server designs to meet the needs of the most demanding customers,” said Ian Buck, vice president of hyperscale and HPC at NVIDIA. “With Supermicro’s servers powered by Grace CPU Superchips shipping shortly and H100 GPUs gaining traction around the world, we’re working together to bring AI to a wide range of markets and applications.”

To reduce the TCO for customers, Supermicro is endorsing the new NVIDIA MGX reference architecture that will result in over a hundred server configurations for a range of AI, HPC, and Omniverse applications. This modular reference architecture includes CPUs, GPUs, and DPUs and is designed for multiple generations of processors.

Supermicro will also incorporate the latest NVIDIA networking technology, the NVIDIA Spectrum™-X networking platform in a broad range of solutions. The platform is the first designed specifically to improve the performance and efficiency of Ethernet-based AI clouds. Spectrum-X is built on network innovations powered by the tight coupling of the NVIDIA Spectrum-4 Ethernet switch plus NVIDIA BlueField^®-3 data processing unit (DPU). This breakthrough technology achieves 1.7X better overall AI performance and energy efficiency, along with consistent, predictable performance in multi-tenant environments.

Green computing is critical for today’s data centers, which consume 1 – 1.5% of worldwide electricity demand. Supermicro’s complete rack scale liquid cooling solution significantly reduces the need for traditional cooling methods. With redundant and hot-swappable power supplies and pumps, entire racks of high-performing AI and HPC optimized servers can be cooled efficiently even during a power supply or pump failure. This solution also uses custom-designed cold plates for both CPUs and GPUs, which are more efficient at removing heat than traditional designs. Up to $10B in energy costs can be saved if data centers lower their PUE closer to 1.0 with Supermicro technology and do not have to build 30 fossil fuel power plants.

To learn more about Supermicro Liquid Cooling Solutions, please visit: www.supermicro.com/liquidcooling

The Supermicro Liquid Cooling Solution includes:

CDU – the Cooling Distribution Unit, which circulates the liquid throughout the entire rack of servers.
CDM – the Cooling Distribution Manifold delivers the cool liquid to each server and the return path.
Cold Plates – attach directly to the CPUs or GPUs and are custom designed.
Hoses/Connectors – for connecting the liquid from the server to the CDM with leakproof connectors.

Supermicro has qualified a number of servers from various product families with this state-of-the-art cooling solution. The server list includes the following:

BigTwin®: 2U2N, 2U4N
SuperBlade
Hyper: 1U, 2U
GPU Servers (PCIe and SXM)
GrandTwin^TM 4U8N, 4U4N

Rack scale integration is another core competency that data center operators are demanding. Faster time to productivity requires entire racks to be delivered to data centers, ready to go. Supermicro has the ability to deliver L11 and L12 clusters, thoroughly tested, including customer applications, and configured for large scale liquid cooling when required.

To learn more about Supermicro and talk to product experts at Computex Taipei 2023, visit www.supermicro.com/computex

View the Supermicro CEO Keynote at Computex Taipei 2023 with Charles Liang and special guest and NVIDIA founder and CEO Jensen Huang.

To learn more about Supermicro’s wide range of products, visit www.supermicro.com

About Super Micro Computer, Inc.

Supermicro (NASDAQ: SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first to market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure. We are transforming into a Total IT Solutions provider with server, AI, storage, IoT, and switch systems, software, and services while delivering advanced high-volume motherboard, power, and chassis products. The products are designed and manufactured in-house (in the US, Taiwan, and the Netherlands), leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing). The award-winning portfolio of Server Building Block Solutions® allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power and cooling solutions (air-conditioned, free air cooling or liquid cooling).

Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.

All other brands, names, and trademarks are the property of their respective owners.

SOURCE Super Micro Computer, Inc.

SMCI – Supermicro Features Unparalleled Array of New Servers and Storage Systems at COMPUTEX 2023

Written by admin on May 29, 2023. Posted in SMCI, Stock Report.

From the Data Center to the Edge, Supermicro Designs and Manufactures Total Rack Scale Solutions to Achieve Superior Performance, Flexibility, and Energy Efficiency with Rapid Deployment

SAN JOSE, Calif. and TAIPEI, Taiwan, May 29, 2023 /PRNewswire/ — Super Micro Computer, Inc. (Nasdaq: SMCI), a Total IT Solution Provider for Cloud, AI/ML, Storage, and 5G/Edge, continues to innovate with a broad range of servers to meet IT requirements for modern workloads. Supermicro’s Building Block Server® methodology enables a first-to-market delivery with the latest technology from Intel, AMD, and NVIDIA. Purpose built servers deliver exceptional performance for a wide range of AI, Cloud, and 5G workloads, from the data center to the edge.

Supermicro Features Unparalleled Array of New Servers and Storage Systems at COMPUTEX 2023

“As we expand our production capacity to meet the rapidly growing demand of high-performance large-scale AI infrastructure and cloud data centers, Supermicro delivers the industry’s most innovative and advanced systems integrated as a turn-key total rack solution,” said Charles Liang, president and CEO of Supermicro. “From the most powerful AI systems available, with up to eight NVIDIA H100 HGX GPUs to compact edge servers that must perform in challenging environmental conditions we provide the broadest portfolio of solutions for today’s most demanding workloads, including new liquid cooling solutions that reduce data center power consumption and increase performance.”

At the COMPUTEX 2023 event, Supermicro will be showcasing a wide range of servers and storage solutions and demonstrate the fully integrated rack with the newest liquid cooling technologies that enable unprecedented energy efficiency and fast deployment.

The highlights of the Supermicro lineup at COMPUTEX 2023 include the following:

Rack Scale Liquid Cooling – Supermicro’s full rack liquid cooling solution enables organizations to run the highest performing GPU servers and maintain the optimal operating conditions. Supermicro supplies, integrates, and tests complete rack level liquid cooling solutions, including CDUs with redundant power and pumps, Cooling Distribution Manifolds (CDM), leakproof connectors, and optimized hoses. In addition, a Supermicro designed highly efficient cold plate enhances heat removal from both CPUs and GPUs.
GPU-Optimized Systems – Servers with 8 or 4 NVIDIA HGX H100 Tensor Core GPUs and dual 4^th Gen Intel Xeon Scalable processors or dual 4^th Gen AMD EPYC processors. The X13 and H13 GPU systems are open, modular, standards-based servers that provide superior performance and serviceability with a hot-swappable, toolless design. GPU options include the latest PCIe, OAM, and NVIDIA SXM technology. These GPU servers are ideal for workloads with the most demanding AI training performance, HPC, and Big Data Analytics. The new Intel GPU Max series and a new server using the NVIDIA Grace Superchip are also available.
SuperBlade® – Supermicro’s high-performance, density-optimized, and energy-efficient X13 SuperBlade, built with 4^th Gen Intel Xeon Scalable processors, can significantly reduce initial capital and operational expenses for many organizations. SuperBlade utilizes shared, redundant components, including cooling, networking, power, and chassis management, to deliver the compute performance of an entire server rack in a much smaller physical footprint. These systems support GPU-enabled blades and are optimized for AI, Data Analytics, HPC, Cloud, and Enterprise workloads. Compared to industry-standard servers, a cable reduction of up to 95% reduces costs and can lower power usage.
Hyper – With dual 4^th Gen Intel Xeon Scalable processors or dual 4^th Gen AMD EPYC processors – The X13 and H13 Hyper series brings next-generation performance to Supermicro’s range of rackmount servers, built to take on the most demanding workloads along with the storage & I/O flexibility that provides a custom fit for a wide range of application needs.
BigTwin® (2U4N) – The X13 BigTwin with dual 4^th Gen Intel Xeon Scalable processors per node to provide superior density, performance, and serviceability with hot-swappable components in a toolless design. These systems are ideal for cloud, storage, and media workloads.
CloudDC – With 4^th Gen Intel Xeon Scalable processors or 4^th Gen AMD EPYC processors – Ultimate flexibility on I/O and storage with 2 or 6 PCIe 5.0 slots and dual AIOM slots (PCIe 5.0; OCP 3.0 compliant) for maximum data throughput. Supermicro X13 and H13 CloudDC systems are designed for convenient serviceability with toolless brackets, hot-swap drive trays, and redundant power supplies that ensure rapid deployment and more efficient maintenance in data centers.
GrandTwin™ – Using with 4^th Gen Intel Xeon Scalable processor or 4^th Gen AMD EPYC processor – The X13 and H13 GrandTwin is purpose-built for single-processor performance. The design maximizes computing performance, memory, and efficiency to deliver maximum density. GrandTwin’s flexible modular design can be easily adapted for a wide range of applications, with the ability to add or remove components as required, reducing cost. In addition, the Supermicro GrandTwin features front (cold aisle) hot-swappable nodes, which can be configured with either front or rear I/O for easier serviceability. As a result, the X13 and H13 GrandTwin are ideal for workloads such as CDN, Multi-Access Edge Computing, Cloud Gaming, and High-Availability Cache Clusters.
SuperEdge – Using the 4^th Gen Intel Xeon Scalable processor Supermicro’s X13 SuperEdge is designed to handle increasing compute and I/O density requirements of modern edge applications. With three customizable single-processor nodes, SuperEdge delivers high-class performance in a 2U, short-depth form factor. Each node is hot-swappable and offers front access I/O, making the system ideal for remote IoT, Edge, or Telco deployments. Additionally, with flexible Ethernet or Fiber connectivity options to the BMC, Super Edge makes it easy for customers to choose remote management connections per their deployment environments.
Petascale Storage – The All-Flash NVMe systems powered by a 4^th Gen Intel Xeon Scalable processor or a 4^th Gen AMD EPYC processor offer industry-leading storage density and performance with EDSFF drives, allowing unprecedented capacity and performance in a single 1U chassis. The first in a coming lineup of X13 and H13 storage systems, these latest petascale servers support 9.5mm and 15mm E1.S or 7.5mm E3.S EDSFF (EYPC only) media designed with PCIe 5.0 interface. They are now shipping from all the industry-leading flash vendors.
Liquid Cooled-AI Development Platform – The deskside liquid-cooled AI development platform addresses the thermal design power needs of the four NVIDIA® A100 Tensor Core GPUs and the two 4th Gen Intel Xeon Scalable CPUs to enable full performance while improving the overall system’s efficiency and enabling quiet (approximately 30dB) operation in an office environment. In addition, this system is designed to accommodate high-performing CPUs and GPUs, making it ideal for AI/DL/ML and HPC applications.

To learn more about Supermicro and talk to product experts at Computex Taipei 2023, visit
www.supermicro.com/computex.

To learn more about Supermicro’s wide range of products, visit www.supermicro.com.

About Super Micro Computer, Inc.

Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.

All other brands, names, and trademarks are the property of their respective owners.

SOURCE Super Micro Computer, Inc.

IBRX – IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces it is Investigating Claims Against ImmunityBio, Inc. and Encourages Investors with Losses to Contact the Firm

Written by admin on May 29, 2023. Posted in IBRX, Stock Report.

LOS ANGELES, CA / ACCESSWIRE / May 28, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of ImmunityBio, Inc. (“ImmunityBio” or “the Company”) (NASDAQ: IBRX) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. ImmunityBio announced on May 11, 2023, that it “has received a complete response letter from the U.S. Food and Drug Administration (“FDA”) on May 9, 2023 regarding its Biologics License Application (“BLA”) for its product candidate, Anktiva™ (N-803) in combination with Bacillus Calmette-Guérin (“BCG”) for the treatment of patients with BCG-unresponsive non-muscle invasive bladder cancer (“NMIBC”) with carcinoma in situ (“CIS”) with or without Ta or T1 disease. The letter indicates that the FDA has determined that it cannot approve the BLA in its present form, and the FDA has made recommendations to address the issues raised.” Based on this news, shares of ImmunityBio fell by more than 54% in morning trading on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected]

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com

SOURCE: The Schall Law Firm

Author: admin

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