HENDERSON, NV / ACCESSWIRE / April 9, 2019 / The top performing sector in Q1 was technology. Positive sentiment surrounding US/China trade talks and consumer activity has helped keep confidence high. Additionally, the space has seen merger and acquisition activity pick up which has also been positive for the group. Earlier this month, Nvidia announced it was purchasing Mellanox for $6.8 billion and recently On Semiconductor announced it was acquiring Quantenna for $24.50 per share.
Nvidia and On Semiconductor are in the Artificial Intelligence and Internet of Things business respectively. There is a company in both spaces that just released a big piece of news; Gopher Protocol Inc. (GOPH) announced the release of its Avant! AI mobile app! We already mentioned the M&A activity in tech and with McDonalds recently acquiring an AI company, investors will be looking for opportunities like GOPH, which is why now is the time to start your research.
With investor confidence in Tech stocks high, today we are highlighting: Gopher Protocol Inc. (GOPH), NIO Inc. (NIO), Activision Blizzard, Inc. (ATVI), Electronic Arts Inc. (EA), and Sea Limited (SE).
Gopher Protocol Inc. (GOPH) (Market Cap: $80.682M; Share Price: $0.389)'s Avant! AI mobile app is synchronized with the Avant! AI web application (www.avant-ai.net) and is equipped with personalization and additional features to make it a handy artificial general intelligence (AGI) agent for the benefit of users. Avant! AI is an artificial intelligence system that is capable of processing vast amounts of data efficiently and quickly. Avant! AI is based on modern AI technologies including Deep Neural Network (DNN), vectorization and other advanced methodologies enabling usage for wide variety of applications. The current release of Avant! AI is targeting AGI to perform information search and retrieval. The new mobile application enables question/answer capability for general topics. Avant! AI searches for online information, sorting out the best answer and recording it under a personal account. The system keeps a history of any user's question/answer data for future use and includes a search mechanism to retrieve previous topics.
The company also announced it had filed a non-provisional patent application with the United States Patent and Trademark Office (USPTO) covering Gopher's 3D microchip design and manufacturing technology. The goal of the technology specified in this application is to facilitate the design and manufacturing of superior computing microchips to power AI systems, wireless and IoT/Mobile systems.
In the IoT department, GOPH initiated testing multiple antenna types and configurations as part of the final phase of development for its mesh network gateway device. Antennas are a crucial part of any wireless system, being the central communicator between wireless clients, so this announcement was very promising.
Another AI company, NIO Inc. (NIO) (Market Share: $5.438B; Share Price: $5.30), a pioneer in China's premium electric vehicle market, recently provided its delivery results for the first quarter of 2019. As of March 31, 2019, aggregate deliveries of the company's ES8, its 7-seater, high-performance premium electric SUV reached 15,337 vehicles, 3,989 of which were delivered in the first quarter of 2019. First quarter ES8 deliveries exceeded the company's prior guidance range of 3,500 to 3,800 and were above the midpoint of the guidance range, 3,650, by 339 vehicles or 9.3%.
NIO Inc. is a pioneer in China's premium electric vehicle market founded in November 2014. NIO's mission is to shape a joyful lifestyle by offering premium smart electric vehicles and being the best user enterprise. NIO designs, jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence.
Activision Blizzard, Inc. (ATVI) (Market Cap: $36.336B; Share Price: $47.57) intends to release its first quarter 2019 results after the close of the market on Thursday, May 2, 2019. In conjunction with this release, Activision Blizzard will host a conference call that will be broadcast over the internet. Recently, it had also indicated that developers working on Call of Duty, Candy Crush Saga, Overwatch, World of Warcraft, Hearthstone, and Diablo will increase in aggregate by 20% in 2019. The increase in developers is anticipated to increase content updates to drive engagement and microtransactions as well as expand presence across geographies.
Activision Blizzard, Inc., a member of the Fortune 500 and S&P 500, is a leading standalone interactive entertainment company. It develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc., Blizzard Entertainment, Inc., and King Digital Entertainment. It develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels.
Electronic Arts Inc. (EA) (Market Cap: $29.345B; Share Price: $97.95) and Velan Studios, an independent game developer dedicated to creating new play experiences, announced last week that EA Partners will publish Velan's first original IP for consoles, PC and mobile. In addition to introducing a unique game world, the title will pioneer an entirely new and entertaining way to experience team-based action. To bring their vision to life, Velan Studios also announced that it will add 40 jobs, doubling its current development team by the end of the year.
Electronic Arts Inc. develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation. EA has more than 300 million registered players around the world.
Sea Limited (SE) (Market Cap: $9.945B; Share Price: $22.35) announced last month the closing of its previously announced offering of 60,000,000 American Depositary Shares ("ADSs"), each representing one Class A ordinary share of the company, at US$22.50 per ADS. In response to strong investor demand, the offering size was increased from an initial 50,000,000 ADSs as announced when the company launched the deal. The underwriters of the offering have also fully exercised their option to purchase an additional 9,000,000 ADSs on the same terms and conditions, bringing the total number of ADSs offered to 69,000,000 and the total amount of funds raised to over US$1.5 billion. Sea expects to use the net proceeds from this offering for business expansion and other general corporate purposes.
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations and access to other entertainment content, such as live streaming of online gameplay and social features.
Priyanka Goel, CFA
This article was written by Regal Consulting, LLC ("Regal Consulting"). Regal Consulting has agreed to a two-month term consulting agreement with GOPH dated 12/31/18. The agreement calls for $100,000 in cash per month. All payments were made directly by Gopher Protocol, Inc. to Regal Consulting, LLC. to provide investor relations services, of which this article is a part of. Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article. Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice. This article is based on public information and the opinions of Regal Consulting. GOPH was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein. Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.
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