24/7 Market News Snapshot 27 January, 2025 – VCI Global Limited Ordinary Share (NASDAQ:VCIG)

January 27, 2025

DENVER, Colo., 27 January, 2025 (247marketnews.com) – (NASDAQ:VCIG) are discussed in this article.
VCI Global Limited is witnessing a robust bullish trend in pre-market trading, currently valued at $1.424, reflecting a notable increase of approximately 18.67% from the previous close. This surge is accompanied by a trading volume of 2.79 million shares, indicating strong investor interest and the potential for continued upward momentum. With key technical indicators suggesting further support for this positive trajectory, market participants are advised to monitor resistance levels closely while remaining aware of possible volatility, as bullish shifts often invite profit-taking activities.

In a significant development, VCI Global has announced a major investment via its subsidiary, AI Computing Center (AICC). The company has acquired an advanced fleet of 64 Supermicro servers, powered by 512 NVIDIA H200 Tensor Core Graphics Processing Units (GPUs), in an investment exceeding $25 million. This acquisition is expected to bolster AICC’s capabilities in AI cloud services, allowing it to handle complex computations and large datasets with exceptional efficiency.

The integration of this cutting-edge technology is projected to generate approximately $6 million in annual revenue and contribute to a remarkable 20% earnings increase by 2026. The first AI computing center is slated for launch in Q2 2025, marking a strategic milestone for VCI Global as it aims to be a leader in the expanding AI cloud services sector.

Dato’ Victor Hoo, Group Executive Chairman and CEO of VCI Global, expressed enthusiasm regarding this investment, highlighting the company’s commitment to harness opportunities within the cloud computing industry and contribute to economic development. As VCI Global moves forward, its diversified portfolio includes sectors such as Capital Market Consultancy, Fintech, Real Estate, AI & Robotics, and Cybersecurity, underlining its dedication to fostering innovation in a rapidly evolving technological landscape.

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