Hedge Fund Hudson Bay Expands in UAE With Abu Dhabi Office After Dubai
The $20 billion multistrategy investment firm plans to open in Abu Dhabi before the end of this year, according to people familiar with the matter. The office will add to its 10-person presence in Dubai, one of the people said, asking not to be identified discussing confidential information.
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34 minutes ago
- Yahoo
This Artificial Intelligence Stock, Down 57%, Is Getting Ridiculously Cheap
Written by Puja Tayal at The Motley Fool Canada For years, technology has been putting development on steroids. Growing at a rapid scale, the internet, cloud, mobile, e-commerce, and now artificial intelligence (AI) have been changing the way we learn, work, and consume content. Such disruptions are difficult to value as they grow exponentially after every phase. Technology keeps upgrading, creating a consistent source of revenue for companies that power the tech or catch up to the trend. Several artificial intelligence stocks trade near their highs Several AI hardware stocks dipped between February and April 2025 as Trump tariff uncertainty slowed AI investment. They have now recovered. Among the names are Nvidia, Advanced Micro Devices, Broadcom, and Celestica. They make graphics processing units (GPUs), application-specific integrated circuits (ASICs), and networking units for AI data centres. However, the next step in the AI revolution is users of this AI hardware. Some of these companies are still investing in AI infrastructure and will see the returns in the coming months. Hence, their stocks are trading at a lower valuation than their future growth potential. This artificial intelligence stock is down 57% One such company is Hive Digital Technologies (TSXV:HIVE). You know this company for its Bitcoin mining, from which it earns 90% revenue. However, it made a move to AI and high-performance computing (HPC) infrastructure a few years back. This segment is fast-growing. In FY25 alone, revenue from AI/HPC surged 300% to US$10.1 million. Hive has named this segment BUZZ HPC business. BUZZ HPC segment is a vertical integration of Hive's Nvidia graphics processing unit (GPU)-powered data centres that mine Bitcoin. It is aggressively expanding its capacity on the back of strong demand. HIVE acquired a 7.2-megawatt (MW) facility in Toronto to support its HBC infrastructure and accelerate the development of a sovereign Canadian AI ecosystem. However, the biggest expansion is happening in Paraguay, where it is building a 300-MW capacity. It is expected to be completed by December 2025. The first phase of 100 MW became operational in Paraguay, increasing its Bitcoin mining hashrate from six Exahash per second (EH/s) to 11.5 EH/s in June 2025. At this capacity, it is mining 5.5 BTC daily. It aims to reach 25 EH/s by December 2025, mining 12.5 BTC daily. Hive is also acquiring Bitfarms's 200-MW hydro-powered Bitcoin mining facility in Paraguay to reach the 25 EH/s goal. Despite these investments, Hive's stock continued to trade 57% below its November 2024 high of $7.35, while Bitcoin prices surged 36%. It is because the Bitcoin Halving event on April 20, 2024, reduced Hive's revenue and gross operating margin to 22% in FY25 from 33% in FY24. However, Hive is increasing its capacity to sustain Bitcoin mining volumes. It will also use the new capacity to expand in the high-margin HPC business to reduce the impact of Bitcoin price volatility on its earnings. Is Hive a ridiculously cheap stock? Taking a long-term view of Hive stock, the decelerating Bitcoin mining revenue and exponential growth in HPC could see HPC revenue come on par with the mining revenue in a few years. Long-term investors can invest in Hive for its HPC business, where it is increasing capacity and market share. Hive is funding its expansion using some of the Bitcoin it mined. The company's profits will fluctuate with Bitcoin prices. The real value of this company lies in the enterprise value of $500 million, which is below the market capitalization of $492.3 million. Running at 18 EH/s capacity, Hive expects its revenue to grow fourfold to US$400 million from US$105 million in FY25. It expects its HPC business to grow 10-fold to US$100 million in annual recurring revenue. Even if Hive takes two to three years to achieve this growth, the stock is trading at an attractive valuation of 2.47 times the price-to-sales ratio. The company's strong fundamentals can help it sustain a downturn and grow in an upturn. At $2.23 per share, Hive stock is a buy-and-hold investment, as it can grow to $6 and above during a cyclical upturn. The post This Artificial Intelligence Stock, Down 57%, Is Getting Ridiculously Cheap appeared first on The Motley Fool Canada. More reading 10 Stocks Every Canadian Should Own in 2025 [PREMIUM PICKS] Market Volatility Toolkit A Commonsense Cash Back Credit Card We Love Fool contributor Puja Tayal has no position in any of the stocks mentioned. The Motley Fool recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
an hour ago
- Associated Press
Raunak Enters the Gulf, With Plans to Rethink Healthcare and Insurance From the Ground Up
DUBAI, AE / ACCESS Newswire / July 21, 2025 / After several years of building a reputation in India's healthcare and insurance sectors, Raunak is setting its sights on the Gulf. The consulting firm, founded in Mumbai in 2020 by Raunak Jha, is officially expanding into the UAE and Saudi Arabia, with the official launch in Dubai in April 2025. Known for its pragmatic approach to resolving systemic challenges, Raunak has worked across India with hospitals, insurance firms, and government stakeholders to address persistent issues like policy fragmentation, siloed data systems, and outdated operational frameworks. Now, the firm plans to apply this experience in the Gulf, a region actively pursuing healthcare reform. 'There's a genuine willingness here, both in the UAE and Saudi Arabia, to rebuild systems in a smarter, more sustainable way,' said Raunak. 'What we're offering is a practical framework for how to do that, not just concepts.' As part of the expansion, Raunak is introducing Total Connect, a platform designed to unify insurers, healthcare providers, and employers within a connected digital ecosystem. Instead of each stakeholder operating in isolation, Total Connect creates shared visibility, improving how decisions are made on pricing, claims, coverage design, and care delivery. 'Most breakdowns in healthcare happen because no one has the full picture,' Raunak explained. 'Total Connect isn't replacing existing systems, it's helping them communicate. The goal is to ensure everyone, from the insurer to the clinic to the HR director, is working off the same data.' Beyond its software rollout, Raunak is also exploring the foundation of a new insurance venture, one grounded in real-world data, trust, and regional accessibility. While still in early stages, Raunak emphasizes this is part of a long-term vision to demonstrate what modern, people-first insurance could look like in the Gulf. 'We want to lead by example, by building products that reflect how insurance should serve people today,' said Raunak. 'That starts with trust and local partnerships.' The company is already engaged in pilot projects across Dubai, Abu Dhabi, and Riyadh, ranging from digital transformation and regulatory audits to ecosystem strategy and product co-design. With a leadership team split between India and the UAE, and expertise spanning actuarial science, public health, and health tech, Raunak is positioning itself as a high-impact player in the next era of Gulf healthcare. With transformation in its DNA, Raunak is building bridges between ambition and execution - and inviting like-minded partners across the Gulf to do the same. More about Raunak: Media Details: Company Name: Raunak Company Media Contact: Raunak Jha Email: [email protected] Company Website: SOURCE: Raunak press release
Associated Press
an hour ago
- Associated Press
Bayes Market Launches New Social Prediction Platform, Transforming Human Insight into Tradable Asset
HONG KONG, July 21, 2025 /PRNewswire/ -- Bayes Labs team announces the official launch of Bayes Market, a next‑generation global prediction market based in Asia. Bayes Market converts future events into structured financial contracts, offering professionals and mass population a groundbreaking tool to hedge and trade. In an era marked by AI, deglobalization, and geopolitical uncertainty, Bayes Market opens a fresh arena beyond traditional asset—a platform where insights about the future can be priced, traded, and monetized. Trading on Probability, Filling Gaps in Traditional Finance Bayes Market operates as a prediction market not relying on a single underlying asset, but around information. Users of prediction market trade on probabilities of events from geopolitics, climate to K-pop group comebacks base on their own believes. Each contract's price reflects the market's collective assessment of an event's probability. Instead of forcing investors to hedge indirectly via ETFs or options, Bayes Market offers a direct hedge on the event itself, addressing a critical blind spot. Users can turn tomorrow's uncertainty into today's actionable trade, in a granular way. Asian Dynamic Meets AMM Bayes Market employs an Automated Market Maker (AMM) to deliver low‑slippage, high‑transparency trading experience. At the same time, the platform focuses on long‑tail events, making prediction approachable, diverse, and culturally relevant especially in Asia. The team believes that everyone should be able to trade and create events that of their own interest. Bayes Market covers entertainment, pop culture, and social issues beyond macroeconomics and politics, embedding prediction in our daily lives. This unlocks the mass market adoption beyond crypto users. Decentralized Market Creation Bayes Market will soon let users initiate their own prediction events, whether it is a dating reality show or inflation. This challenges the existing paradigm where centralized institutions define tradable markets, turning prediction markets into a grassroots catalyst of shared reality. Stay tuned for Bayes Market's next version update. An Ecosystem for a 'Cognition‑as‑Value' Market Economy Bayes Market is now officially launched, supporting Bayes Points and USDC, with Points incentive programs. The platform invites data providers, content platforms, communities, and Web3 innovators to co‑create an ecosystem where cognition itself becomes a new type of value. About Bayes Market Bayes Market is founded by a cross‑disciplinary team specializing in market design, digital media, algorithmic modeling, and decentralized finance, dedicated to building a fairer and smarter information market. Official Website: Contact: Chengcai Ji, [email protected] View original content to download multimedia: SOURCE Bayes Labs
