Core Insights - SuperQ Quantum Computing Inc. has engaged Winning Media LLC for digital marketing services to enhance market and brand awareness [1][2] - The agreement with Winning Media is effective from October 28, 2025, until December 1, 2025, with a fee of US$50,000 paid for the services [2] - SuperQ aims to position itself as a leader in quantum and supercomputing solutions for global organizations [4][5] Company Overview - SuperQ Quantum Computing Inc. is focused on enterprise transformation through quantum and supercomputing technologies [4] - The flagship Super™ platform is designed to provide advanced computational power that is intuitive and accessible for various sectors including finance, healthcare, and defense [5] - The company is headquartered in Canada and is expanding its presence internationally, particularly in the US, Middle East, and Asia [5]

Quantum Computing Challenges & Solutions - Quantum bits (Qbits) are fragile and sensitive to noise, limiting their stability to a few hundred operations, while solving meaningful problems requires trillions of operations [1] - Quantum error correction is crucial, involving adding extra entangled Qbits to measure and calculate errors without damaging the core Qbits [2] NVIDIA's Solution: NVQ Link & CUDAQ - NVIDIA introduces NVQ Link, an interconnect architecture directly connecting quantum processors with NVIDIA GPUs for quantum error correction [3] - NVQ Link facilitates the transfer of terabytes of data to and from quantum hardware thousands of times per second, essential for quantum error correction [3] - CUDAQ, NVIDIA's open platform for quantum GPU computing, enables researchers to perform error correction and orchestrate quantum devices and AI supercomputers [4] Future of Quantum Computing - Quantum computing will not replace classical systems but will integrate with them to form accelerated quantum supercomputing platforms [4]

But what caught my eye in the AMD release is that this is not just for traditional supercomputing for tech. This energy, medicine, health, national security. This to me sounds like a a government initiative to stay ahead of everybody else in the world in all of these verticals, not just traditional data center compute.Can you tell us how uh if I were say Thermoffisher or if I were Eli Willie, I would be able to get into this and say I want some of that compute power. >> You're absolutely right, Jim. This is ...

Investment Announcement - Foxconn Technology Group has announced a significant investment of up to NT$42 billion (approximately $1.37 billion) to build an AI compute cluster and a supercomputing center [2] - The investment will be entirely self-funded and is scheduled to take place between December 2025 and December 2026 [2] Strategic Focus - The investment aims to enhance Foxconn's cloud computing platform and accelerate the development of its three smart platforms [3] - Earlier in the year, Foxconn introduced its in-house large language model, FoxBrain, which utilizes Nvidia technology and was trained in just four weeks [3] Financial Performance - Foxconn's profit surged by 27% to $1.47 billion in the second quarter of 2025, driven by high demand for AI servers and ongoing iPhone production for Apple Inc. [4] - The company's second-quarter revenue increased by 16% year-over-year, reaching TWD 1.79 trillion (approximately $59.6 billion) [4]

Group 1 - HPE will build two systems for Oak Ridge National Laboratory [1] - HPE introduces a next-generation supercomputing portfolio [1]

Core Insights - Taiwan Semiconductor Manufacturing Company (TSMC) reported a net profit increase of 39%, indicating strong performance during the chip boom and boosting investor confidence in the AI sector [2][3] - TSMC produces over 90% of critical chips used globally, highlighting its dominant position in the semiconductor industry [3][4] - The company is experiencing a growth outlook of 30%, supported by ongoing capital expenditures and expansion efforts in Japan and the US [4][15] Company Differentiation - TSMC has established a significant competitive advantage over other semiconductor manufacturers, diversifying its offerings and maintaining a leading position in the market [6][7] - The company is advancing into 3-nanometer technology and enhancing its packaging capabilities, which are crucial for future chip development [7] Market Dynamics - The semiconductor market is broadening, with multiple companies contributing to AI accelerator production, reducing reliance on a single player like Nvidia [9] - There is a growing demand for AI infrastructure, which presents substantial investment opportunities beyond just chip manufacturing [12][18] Future Outlook - The persistent demand for TSMC's chips is driven by increased capital expenditures from major corporations like Microsoft, Amazon, and Apple, all investing in AI technologies [16][18] - Future growth areas include supercomputing, quantum computing, and AI applications across various sectors such as healthcare and defense [17][18] Industry Challenges - Potential headwinds include geopolitical tensions, currency risks, and the need for onshore semiconductor production to enhance supply chain security [13][14][20] - The high bandwidth memory space may become a production bottleneck, impacting the overall semiconductor supply chain [20]

Collaboration and Technology - Chineka collaborates with DDN for almost 10 years to support large-scale systems like Leonardo and Galileo 100 [1][2] - DDN's platform enables Chineka to process 30% more data, crucial for civil protection scenarios like geological hazards [2] - DDN is synonymous with performance for AI workloads, handling massive data ingestion and processing [5] Project Outcomes and Impact - Projects improve human research in areas from weather prediction to artificial intelligence, nuclear fusion, and astrophysics [1] - Digitalization projects preserve Italian and European history by creating digital twins of historical sites [3] - Data simulation time reduced from 40 minutes to 5 minutes, significantly improving efficiency [4] - Leonardo supported research to find medicine against COVID-19, contributing to the development of a treatment [4] Future Strategy - Chineka is transitioning between High-Performance Computing (HPC) and Artificial Intelligence (AI) ecosystems [5] - Chineka's mandate is to support both HPC and AI ecosystems, requiring systems capable of managing petabyte and exabyte-level data [5] - DDN technology enables Chineka to manage petabyte-scale data now and exabyte-scale data in the future [5]

Quantum Computing Roadmap & Technology - IBM aims to achieve quantum computing milestones by 2029 with IBM Sterling, following a technology roadmap with year-after-year advancements [1][3] - The roadmap includes error-corrected memory, operations across multiple memories, and a large-scale system for universal control [3] - IBM has been offering access to quantum computers on the cloud since 2016, starting with a 5-qubit machine and scaling to multiple 100+ qubit machines like the Heron processor [5][6] - IBM is working towards achieving "quantum advantage" in the next few years, where quantum computers, combined with classical computers, can outperform classical computers alone [8][9] Ecosystem & Partnerships - IBM has built a quantum ecosystem with over 500,000 users [6] - The IBM Quantum Network includes nearly 300 institutions, companies, startups, national laboratories, and academia [7] - Third-party startups are building functions within IBM's ecosystem to drive verticals in optimization, chemistry, and machine learning [17] - IBM provides an open-source software development kit (Qiskit) to appeal to a broader set of users [15] Competition & Strategy - IBM's strategy is to provide a differentiating computing platform with hardware and software, building an ecosystem around it [15] - The company emphasizes the efficiency of quantum computing, requiring a fraction of the power compared to high-performance supercomputers for certain problems [13] - There is a technological race between the US and China in quantum computing, with government funding in the US [18] - IBM envisions a quantum-centric supercomputing architecture where CPUs, GPUs, and QPUs work together [11][12]

Group 1 - IBM plans to invest $150 billion over the next five years, with approximately $30 billion allocated to mainframe and quantum computing [1][3] - Despite investments, IBM has remained a slow-growth company, with Q1 revenue of $14.5 billion growing only 1% year over year [2][5] - The company has a significant debt burden of $63 billion against stockholders' equity of about $27 billion, which may limit its ability to take on more debt [8] Group 2 - The investment could be transformative, as IBM's capital expenditures were only $321 million in Q1 2025 and $1.1 billion in 2024 [3] - IBM's software segment grew revenue by 8%, but other segments experienced declines, indicating a need for overall business performance improvement [5] - The company holds about $17 billion in liquidity and expects to generate $13.5 billion in free cash flow in 2025, up from $12.7 billion in 2024 [6] Group 3 - More than $6.1 billion of free cash flow is allocated to fund dividends, which yield about 2.8%, significantly higher than the S&P 500's average [7] - The high P/E ratio of 41 may limit near-term growth unless there is significant improvement in business performance [5] - Investors are advised to hold IBM shares due to uncertainties surrounding funding for increased capital expenditures [9][10]

Group 1: Financial Performance - INVL Technology reported an audited net profit of EUR 8.09 million in 2024, a 56.5% increase from EUR 5.17 million in 2023 [1] - The company's equity and net asset value reached EUR 51.43 million at the end of December 2024, marking an 18.2% increase year-over-year [1] - The per share value of equity and NAV grew by 19% to EUR 4.2896 [1] Group 2: Portfolio Company Performance - The aggregated revenues of INVL Technology's portfolio companies amounted to EUR 66.23 million in 2024, a 5.8% increase from 2023 [4] - Gross profit for the portfolio companies increased by 9.7% to EUR 19.78 million, while aggregated EBITDA grew by 42.7% to EUR 5.13 million [4] - NRD Cyber Security's consolidated revenue increased by 37.6% to EUR 10.19 million, with gross profit rising by 12.7% to EUR 4.50 million [5] - NRD Companies reported consolidated revenue of EUR 9.97 million, a 9.3% decrease from 2023, but gross profit increased by 9.8% to EUR 4.83 million [6] - Novian's consolidated revenues reached EUR 38.90 million, a 2.4% increase, with gross profit growing by 14.4% to EUR 8.80 million [7] Group 3: Strategic Developments - INVL Technology is in the process of selling its portfolio of businesses, with Corum Group International serving as the M&A intermediary [3][2] - The company is managed by INVL Asset Management, which is the leading alternative asset manager in the Baltics [8] - INVL Technology is a closed-end investment company that must exit its investments by mid-July 2026 and distribute the proceeds to shareholders [8]