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The $SRC Ecosystem has joined the Trade Finance Distribution Initiative (TFDi) to advance trade finance using AI and blockchain technologies. This collaboration aims to address inefficiencies and barriers in traditional trade finance by transforming trade assets into liquid, tradable tokens and automating risk assessments through AI. By aligning with TFDi, which promotes standardized, technology-driven practices, $SRC seeks to enhance liquidity for small and medium enterprises (SMEs) and facilitate seamless cross-border transactions. This partnership highlights the potential of AI-powered solutions in revolutionizing trade finance, making it more accessible, transparent, and efficient for global markets.
Elsewhere in the market, Giga Device Semiconductor was trading firmly up 3.8% and ending trading at CN¥112.46. At the same time, NVIDIA softened, down 2.9% to finish the session at $101.49.
Best AI Chip Stocks
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QUALCOMM settled at $136.66 up 0.7%. Last week, Qualcomm announced a quarterly cash dividend increase to $0.89 per share, payable in June.
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Advanced Micro Devices closed at $87.50 down 0.9%.
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Intel ended the day at $18.93 down 1.6%.
Taking Advantage
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Take a closer look at our AI Chip Stocks list of 48 companies, such as Semiconductor Manufacturing International, ASML Holding and Taiwan Semiconductor Manufacturing, by clicking here.
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Ready For A Different Approach? Explore 21 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.