News Chinese GPU Firm Biren Plans IPO to Better Compete Against Nvidia

[Admin]

Biren mulls IPO amid skyrocketing demand for AI GPUs.

Chinese GPU Firm Biren Plans IPO to Better Compete Against Nvidia : Read more

 

[gg83]

Does anyone know how the stock exchange in Hong Kong works? Can any international citizen invest? Did the ccp run out of money and Biren is hitting up anyone that will listen?

 

[JamesJones44]

Well yeah! If a cosmetics company can go public with the promise of AI and have the stock be 3x over subscribed image what you could get as a hardware company promising AI training!!!

 

[JamesJones44]

Does anyone know how the stock exchange in Hong Kong works? Can any international citizen invest? Did the ccp run out of money and Biren is hitting up anyone that will listen?

non citizen's can invest in socks in Hong Kong, but there are a lot of things you must be aware of.

1. Rules are very different than in the US/Europe
2. Taxes on profit will happen in both countries (thought you can typically write of the other countries taxes on the other countries taxes)
3. Depending on the broker, you may have to convert to the local currency.
4. Foreign accounts are regulated heavily in the US. One should familiarize themselves with the Foreign Account Tax Compliance Act. Failing to follow the rules comes with some fairly steep penalties.
5. I've never heard of the PRoC robbing peoples accounts, but anything is possible and there is not a lot your home country is likely willing to do about it.

IMO, I would look for a US based index fund to try to capture this momentum to avoid a lot of the overhead that comes with investing in foreign markets, but everyone has different tolerances for these things so it's just a friendly opinion.

 

[digitalgriffin]

non citizen's can invest in socks in Hong Kong, but there are a lot of things you must be aware of.

1. Rules are very different than in the US/Europe
2. Taxes on profit will happen in both countries (thought you can typically write of the other countries taxes on the other countries taxes)
3. Depending on the broker, you may have to convert to the local currency.
4. Foreign accounts are regulated heavily in the US. One should familiarize themselves with the Foreign Account Tax Compliance Act. Failing to follow the rules comes with some fairly steep penalties.
5. I've never heard of the PRoC robbing peoples accounts, but anything is possible and there is not a lot your home country is likely willing to do about it.

IMO, I would look for a US based index fund to try to capture this momentum to avoid a lot of the overhead that comes with investing in foreign markets, but everyone has different tolerances for these things so it's just a friendly opinion.

Yes it is a nightmare. And there are rules in how much and what you are allowed to own.

 

[bit_user]

My hot take on their BR104 is that it's massively bandwidth-starved. If you merely look at the compute numbers, the BR100 seems comparable to the H100, but it's running on less than half the memory capacity and bandwidth.

A big unknown, and what might prove to be an even bigger weakness, is the amount of on-die SRAM they have. This is crucial for getting good AI throughput, yet I have to wonder if they went too heavy on compute and too light on SRAM. Otherwise, I don't really see how they managed to squeeze so much compute on a N7 die.

Does anyone know how the stock exchange in Hong Kong works? Can any international citizen invest?

Well, that's historically been its strength. It would also probably explain why they're listing on the Hang Seng, instead of in Shanghai.

My investing advice is historically quite bad. However, I personally wouldn't invest in them, even if they were listed on the Nasdaq. If you do, you ought to first do all the homework you can and read up on others' experiences investing in Chinese companies listed in Hong Kong.

 

[gg83]

non citizen's can invest in socks in Hong Kong, but there are a lot of things you must be aware of.

1. Rules are very different than in the US/Europe
2. Taxes on profit will happen in both countries (thought you can typically write of the other countries taxes on the other countries taxes)
3. Depending on the broker, you may have to convert to the local currency.
4. Foreign accounts are regulated heavily in the US. One should familiarize themselves with the Foreign Account Tax Compliance Act. Failing to follow the rules comes with some fairly steep penalties.
5. I've never heard of the PRoC robbing peoples accounts, but anything is possible and there is not a lot your home country is likely willing to do about it.

IMO, I would look for a US based index fund to try to capture this momentum to avoid a lot of the overhead that comes with investing in foreign markets, but everyone has different tolerances for these things so it's just a friendly opinion.

Thank you for the fantastic response! I didn't know any of that. The US indexes seem interesting. I'll look into that. I just recently got a good job so I'm more curious about investing .

 

[bit_user]

Thank you for the fantastic response! I didn't know any of that. The US indexes seem interesting. I'll look into that. I just recently got a good job so I'm more curious about investing .

More of my famously-bad investing advice:

• Don't put too much of your money into individual stocks. I've lost more money than I've made from buying individual stocks.
• Beware of short-selling. Don't dabble in it, until you fully understand it and what can go wrong. There's no limit to how much you can lose.
• The bulk of your investments should be blended and spread across less risky instruments.
• Periodically re-balance your portfolio (every 6 months or 1 year, typically), so you're not too heavy into one particular asset class.
• Beware of "green" investments, as some financial instruments claiming to be "green" really aren't as green as they're marketed, even being funneled into fossil fuel projects that qualify by simply reducing carbon overheads.

 

[JamesJones44]

More of my famously-bad investing advice:

• Don't put too much of your money into individual stocks. I've lost more money than I've made from buying individual stocks.
• Beware of short-selling. Don't dabble in it, until you fully understand it and what can go wrong. There's no limit to how much you can lose.
• The bulk of your investments should be blended and spread across less risky instruments.
• Periodically re-balance your portfolio (every 6 months or 1 year, typically), so you're not too heavy into one particular asset class.
• Beware of "green" investments, as some financial instruments claiming to be "green" really aren't as green as they're marketed, even being funneled into fossil fuel projects that qualify by simply reducing carbon overheads.

Expanding on this. One of the best things I can recommend is learning how to use options, but don't get crazy with them. One of my favorite trading tips is recommending to look into how to sell what is called an "covered call". It can be a great way to earn extra money on a long term holding. The key is to do them in shorter time frames (3 to 6 months) at a price that you would be willing to sell the stock/index at, if the stock or index were to hit that price in the time frame.