China’s only pure-play silver fund halted trading on Wednesday, after a frenzied wave of investment drove its premium significantly above the value of its underlying assets. The UBS SDIC Silver Futures Fund LOF is halting trading until 10:30 a.m. Beijing time, the fund’s manager said in a statement. It also paused new subscriptions after issuing near-daily risk warnings — and frequently halting tr...
China’s only pure-play silver fund halted trading on Wednesday, after a frenzied wave of investment drove its premium significantly above the value of its underlying assets. The UBS SDIC Silver Futures Fund LOF is halting trading until 10:30 a.m. Beijing time, the fund’s manager said in a statement. It also paused new subscriptions after issuing near-daily risk warnings — and frequently halting trading — since early December. The fund’s premium over Shanghai Futures Exchange silver contracts is currently around 36%, according to data compiled by Bloomberg. Read More: Precious Metals Craze Prompts China Fund to Turn Away Investors The elevated premium is “unsustainable” and investors could face “significant” losses if the market suddenly turns, UBS SDIC Fund Management Co. said in its latest notice. Silver buying in China, whether physical or speculative, has been on a relentless tear in recent months. Prices in Asia’s largest economy are trading at a premium to comparable international benchmarks, even after accounting for the 13% value-added tax borne by local importers. Spot silver has risen more than 50% so far this year.
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Equinix is a more stable play for long-term income investors. Applied Digital (APLD +14.07%) has been one of the market's hottest AI stocks. The data center operator's stock surged nearly 540% over the past 12 months, impressing bulls with rapid growth, new leases, and the planned spin-off of its cloud business. On the surface, Applied Digital seems like a great AI play. It builds and buys big dat...
Equinix is a more stable play for long-term income investors. Applied Digital (APLD +14.07%) has been one of the market's hottest AI stocks. The data center operator's stock surged nearly 540% over the past 12 months, impressing bulls with rapid growth, new leases, and the planned spin-off of its cloud business. On the surface, Applied Digital seems like a great AI play. It builds and buys big data centers, powers them up, and leases them to companies that install their own servers. It even launched its own cloud-based AI infrastructure platform in 2023, but it plans to spin it off this year because it's unprofitable and awkwardly positioned as a competitor to its own customers. From fiscal 2022 to fiscal 2025 (which ended last May), Applied Digital's revenue soared from $8.5 million to $144.2 million (excluding its cloud business). At the end of fiscal 2025, it operated two data center sites in North Dakota with a combined capacity of 286 MW. It's already contracted $16 billion in lease payments for the next 15 years, and most of those payments will come from the cloud-based AI infrastructure company CoreWeave (CRWV +10.73%). To meet that surging demand, Applied Digital is expanding its Polaris Forge 1 campus in Ellendale. However, that expansion is costly -- and analysts expect it to remain deeply unprofitable even after it spins off its cloud business. That means it will take a long time for the company to achieve its goal of becoming a data center real estate investment trust (REIT) -- which is obligated to pay out at least 90% of its taxable income as dividends. Expand NASDAQ : APLD Applied Digital Today's Change ( 14.07 %) $ 5.09 Current Price $ 41.27 Key Data Points Market Cap $10B Day's Range $ 36.50 - $ 42.10 52wk Range $ 3.31 - $ 42.10 Volume 1.4M Avg Vol 31M Gross Margin 16.40 % On the bright side, Wall Street expects Applied Digital's revenue to surge 61% in fiscal 2026 and another 55% in fiscal 2027 as the AI market expands. Yet with a market capitaliza...
Micron breaks ground on US$ 24 billion wafer fab facility in Singapore Memory and storage solutions provider Micron Technology, Inc. yesterday broke ground on an advanced wafer fabrication facility in Singapore which represented an investment of US$ 24 billion (SG $31 billion) over 10 years, the firm says in a press release. Wafer output is expected to start in the second half of 2028 amid increas...
Micron breaks ground on US$ 24 billion wafer fab facility in Singapore Memory and storage solutions provider Micron Technology, Inc. yesterday broke ground on an advanced wafer fabrication facility in Singapore which represented an investment of US$ 24 billion (SG $31 billion) over 10 years, the firm says in a press release. Wafer output is expected to start in the second half of 2028 amid increased global demand for NAND technology driven by the rapid expansion of AI and data-centric applications. Sited on Singapore’s first double-storey wafer manufacturing fab, the facility is designed to provide 700,000 square feet of cleanroom space and will become an integral part of Micron’s NAND Center of Excellence in Singapore which is co-located with its R&D unit. Micron’s previously announced high-bandwidth memory (HBM) advanced packaging facility, also located in the same manufacturing complex, is on track to contribute meaningfully to its HBM supply in 2027. As HBM becomes a part of Micron’s Singapore manufacturing footprint, the company expects synergies between NAND and DRAM production with flexibility to ramp up capacity to align with market demand. Micron’s advanced wafer fabrication facility investment is expected to create about 1,600 jobs which, combined with the previously announced 1,400 jobs from the HBM advanced packaging facility, will support about 3,000 new jobs in total. These positions will focus on fab engineering and operations, integrating AI, advanced robotics and smart manufacturing technologies. In attendance were Gan Kim Yong, deputy prime minister and minister for Trade and Industry of Singapore; Dr Beh Swan Gin, permanent secretary of the Ministry of Trade and Industry; Jermaine Loy, managing director of the Singapore Economic Development Board (EDB) and Jacqueline Poh, CEO of JTC Corporation. “Micron’s leadership in advanced memory and storage is enabling the AI-driven transformation reshaping the global economy,” said Manish Bhatia, executive ...