From my email inbox:
Pentanet Limited today closed up 80% to finish at 9c on $15m stock traded. The reason they were up today was because they announced the execution of an amendment to the GeForce NOW Alliance Partner Agreement with NVIDIA.The ''beautiful'' N word in the markets at the moment.........sure plenty would love to announce something with the N word in it. No wonder 168m shares traded today or almost half the share register, nothing like a shake out of the register courtesy of a NVIDIA alliance. The agreement now formally recognises New Zealand as a serviceable territory, with a pathway to add neighbouring territories.Since launch, Pentanet has amassed 530,000+ GeForce NOW Powered by CloudGG members, serviced by infrastructure located in Perth and Sydney.5GG's gaming segment maintained positive EBITDA and achieved an encouraging 52% QoQ paid membership growth, up from 26% in the prior quarter.No doubt most of the hype is around its partner NVIDIA, who has individually carried the whole artificial intelligence (AI) sector around the world with it's monumental rise.
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