Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Alset Capital ( (TSE:GPUS) ) is now available.
Alset AI Ventures Inc. has completed the acquisition of a 26% equity stake in Cedarcross International Technologies Inc., bringing its total ownership to 75%. This acquisition enhances Alset AI’s leadership in the AI cloud computing sector, leveraging Cedarcross Technologies’ dual-vertical business model to meet the growing demand for high-performance computing solutions. Cedarcross Technologies addresses AI infrastructure challenges through AI HPC leasing and hardware distribution, partnering with Earthmade Computer Corp. to deliver advanced AI GPU servers. The acquisition positions Alset AI as a leader in the AI infrastructure market, which is experiencing growth due to advancements in machine learning and generative AI.
More about Alset Capital
Alset AI Ventures Inc. is an artificial intelligence venture company focused on advancing innovation through strategic investment and cloud computing solutions. The company operates in the AI infrastructure sector, aiming to strengthen its position by providing scalable computing solutions.
YTD Price Performance: -37.50%
Average Trading Volume: 3,026,620
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$9.81M
See more data about GPUS stock on TipRanks’ Stock Analysis page.