Projected to Reach $26 Billion By 2032

PALM BEACH, Fla., June 13, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - High-performance computing (HPC) servers are specialized computer systems designed to deliver exceptionally high computational power and processing capabilities. These servers are used for tasks that demand massive computational resources, such as complex simulations, scientific research, data analysis, and simulations of physical phenomena. Experts see increasing growth in the several years to come. A report from 360MarketUpdates said that: “The global High-performance Computing Servers market demand is on an upward trajectory, with an anticipated steady Compound Annual Growth Rate [CAGR of 6.5%] between 2024 and 2032, projecting substantial expansion from a valuation of US$ 15,820 million in 2023 to a striking US$ 26,180 million by 2032.” The report continued: “The High-performance Computing Servers market area is anticipated to have the most market share and the highest CAGR over the forecast period, while the Internet & Communication category is the second most significant in the High-performance Computing Servers business. The mid-range segment leads the market demand for High-performance Computing Servers. The global High-performance Computing Servers Market is highly competitive, with several key players.” Active tech companies in the markets this week include: Alset Capital Inc. (TSX-V:KSUM) (OTCPK:ALSCF), NVIDIA Corporation (NASDAQ: NVDA), AMD (NASDAQ: AMD), Supermicro, Inc. (NASDAQ: SMCI), Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM).

360MarketUpdates continued: “Scientific Research and Innovation: HPC servers play a crucial role in enabling advanced scientific research, simulations, and modeling in fields such as astronomy, physics, biology, and chemistry. Researchers rely on HPC systems to tackle complex problems and make groundbreaking discoveries. Data-Intensive Applications: The explosion of data generated by fields like genomics, climate modeling, and big data analytics requires immense processing power. HPC servers enable efficient processing, analysis, and interpretation of large datasets. Artificial Intelligence and Machine Learning: AI and ML algorithms often require significant computational resources for training and inference. HPC servers can accelerate AI/ML workflows, leading to advancements in natural language processing, computer vision, and more. The market for High-performance Computing Servers has expanded significantly in recent years. The growing popularity of portable music devices, developments in wireless technology, and rising desire for immersive audio experiences have all helped to drive market growth.”

"Alset Capital Inc. (TSXV: KSUM) (OTCPK: ALSCF) Announces AI GPU Contract with a $91.7M Option Signed by Investee Company Cedarcross –

Alset investee Cedarcross signs Nvidia H100 GPU server contract for an initial three (3) servers (for a purchase price of $1.37 million), with the customer having an option to acquire an additional 200 servers (for a purchase price of $91.7 million) valid until September 30, 2024.

Cedarcross achieves approx. $29.7 million cumulative revenue year to date with its high-performance computing (“HPC”) server distribution business vertical alone.

Nvidia’s H100 GPU Servers are used in “Transformational AI Training”, offering up to “7x higher performance for High Performance Computing applications.

Alset Capital Inc. (“Alset” or the “Company”) is pleased to announce that its investee company, Cedarcross International Technologies Inc. (“Cedarcross”), has signed an agreement with an arm’s length counterparty, Big Energy Investments Inc., DBA Ceti AI (“Ceti AI”) to distribute three (3) Nvidia H100 HGX 8GPU servers, which is anticipated to generate $1.37 million in revenue for Cedarcross, with an option for the counterparty to acquire up to 200 H100 HGX 8GPU servers, which if exercised would generate $91.8 million in revenue (the “Transaction”).

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