News

BlockBeats News, June 1st, "Stock God" Serenity posted, stating that the recent downturn in the photonics sector was mainly due to "follow-the-leader" algorithmic trading on a leading exchange. Looking at the stock performance of laser and optoelectronic module companies such as AAOI and Sivers, market sentiment was largely influenced by the trend of Coherent (LITE), rather than changes in individual stock fundamentals. It pointed out that although the fundamentals of some companies have continued to improve, such as Applied Optoelectronics (AAOI) with progress in business related to clients like AMD and NVIDIA, their high Beta nature made them more vulnerable to algorithmic selling during an industry-wide adjustment. Serenity also revealed that Sivers may announce more optoelectronic module customer collaboration information in the future. Serenity stated that it does not recommend participating in short-term trading with violent fluctuations of 20%-30% in such individual stocks but rather prefers to hold long-term positions in core beneficiary companies in the photonics industry chain. This is because of their optimism regarding the exponential growth prospects of the industry's Total Addressable Market (TAM).

ChainCatcher News, according to PRNewswire, New York Stock Exchange-listed company SOLAI announced the acquisition of a 51% stake in Singapore-based artificial intelligence company NEURALAND for a transaction consideration of approximately $9.18 million. NEURALAND specializes in AI node hardware design, software-defined systems, and AI agent technology development, with business covering AI chips, embedded systems, and large language model integration. This acquisition will drive SOLAI’s transformation from a digital asset mining company to a technology platform focused on AI.

Saudi Arabia's Al Arabiya TV, citing sources, reported that a large oil tanker flying the Panama flag exploded while operating in Iraqi territorial waters.