Hello dear Getquin Community,

After $ORCL (+1.3%) Oracle caused quite a stir after the last quarterly figures and the market reacted extremely positively with a 40 percent increase in the share price, so much so that CEO Larry Ellison briefly became the richest person in the world overnight, I wanted to lift the spell and find out exactly which division caused this tremor.

The answer is Cloud Infrastructure, or OCI for short. In this area, the demand for data centers for artificial intelligence has exploded, which has brought Oracle long-term orders worth 455 billion US dollars. However, it is not only Oracle that is benefiting, but also other hyperscalers, regional challengers and, above all, the so-called shovel manufacturers that provide the basic infrastructure.

I have taken the trouble to look for potential competitors and up-and-coming challengers so that you have a complete overview of this sector. I have divided the whole thing into the following segments: 🌍 Big players (hyperscalers), 💡 Hidden champions (selection by region), ⚒️ Shovel manufacturers (infrastructure suppliers) and, as always, my favorite.

If I have overlooked any important aspects or a classification was not entirely precise, I look forward to your comments and exciting additions. Together we can understand this topic even better and learn from each other.

Feel free to leave a 👍. I wish you every success with your investments 🚀

🌍 Big Player (Hyperscaler)

Amazon Web Services - $AMZN (+0.2%) (USA, Nasdaq) → World market leader with >30 % market share, huge data centers & own AI chips (Trainium, Inferentia)

Microsoft Azure - $MSFT (-1.95%) (USA, Nasdaq) → second largest provider, strong AI focus through OpenAI partnership

Google Cloud - $GOOGL (-0.97%) (USA, Nasdaq) → third largest provider, specialized in AI workloads & big data

Oracle Cloud Infrastructure (OCI) - $ORCL (+1.3%) (USA, NYSE) → Number 4 worldwide, currently fastest growth (+70-80 %), RPO USD 455 bn

Alibaba Cloud - $BABA (+1.79%) , $9988 (+0.75%) (China, NYSE/HKEX) → Market leader in Asia, complete cloud suite from IaaS to AI

Favorite: Oracle - $ORCL (+1.3%)

Oracle impresses with its cloud infrastructure OCI, which recently collected orders worth 455 billion US dollars. The moat lies in the close integration of the database business and cloud services as well as the multi-cloud partnerships with Microsoft and Google. The compounder property is the result of long-term contracts and economies of scale in data center construction.

Alternative favorite: Alibaba Cloud - $BABA (+1.79%) , $9988 (+0.75%)

Alibaba is number one in Asia and number four worldwide. The moat lies in the close integration with Alibaba's e-commerce and fintech ecosystem. The compounder property stems from the enormous growth in emerging markets and the increasing demand for cloud services in China. While the stock is valued significantly cheaper than Oracle, there are geopolitical and regulatory risks.

💡 Hidden champions (selection by region)

🇪🇺 Europe

OVHcloud - $OVH (+1.33%) PA (France) → largest European cloud provider, GDPR- and Gaia-X-focused

Scaleway - private (France, part of the Iliad Group) → Developer and AI cloud platform

T-Systems - part of $DTE (-1.24%) DE (Deutsche Telekom, Germany) → Hybrid & Sovereign Cloud for Public Sector

Aruba Cloud - private (Italy) → Regionally strong for SMEs & hosting

Outscale - private (France, subsidiary of Dassault $DSY.PA) → Industrial Cloud & Simulation

Favorite: OVHcloud - $OVH (+1.33%)

Burggraben: strong position as a GDPR-compliant sovereign cloud with Gaia-X. Compounder: increasing trust from authorities and companies ensures growing recurring revenues.

🇨🇳 China

Baidu AI Cloud - part of $BIDU (+6.91%) , $9888 (+6.86%) (Nasdaq, China/USA) → AI workloads, autonomous driving, language models

JD Cloud - part of $JD (+2.45%) , $9618 (+2.58%) (Nasdaq, China/USA) → Cloud for e-commerce & retail

Kingsoft Cloud - $KC (-2.17%) , $3896 (-4.8%) (Nasdaq, China/USA) → Gaming, streaming and app cloud

China Telecom Cloud - part of $728 HK (HKEX) → Infrastructure cloud, state-supported

China Mobile Cloud - part of $941 HK (HKEX) → 5G edge cloud with telecom backbone

Favorite: Kingsoft Cloud - $KC (-2.17%) , $3896 (-4.8%)

Moat: Specializing in gaming, streaming and mobile apps with deep integrations into ecosystems. Compounder: benefits from China's growing online consumption and strong embedding in the Tencent environment.

🇯🇵 Japan

NTT Communications - part of $9432 (+0.11%) T (Tokyo) → Enterprise cloud with global network

NEC Cloud - $6701 (-0.38%) T (Tokyo) → Government & security solutions

Fujitsu Cloud K5 - $6702 (-2.38%) T (Tokyo) → Hybrid cloud for large companies

Rakuten Symphony Cloud - part of $4755 (+0.1%) T (Tokyo) → 5G & telecom cloud

IIJ Cloud - $3774 (+0%) T (Tokyo) → Cloud pioneer for enterprise IT

Favorite: NTT - $9432 (+0.11%)

Moat: global telecom backbone and huge enterprise customer base. Compounder: expansion of data centers in Asia and Europe with stable recurring revenues.

🇮🇳 India

Reliance Jio Cloud - part of $RELIANCE NS (NSE India) → Telecom Cloud, partnership with Azure

Tata Communications IZO - $TATACOMM NS (NSE India) → Hybrid cloud & global backbone

Infosys Cobalt - $INFY (NYSE/NSE India) → Cloud migration platform & consulting

HCLTech Cloud - $HCLTECH NS (NSE India) → AI-powered hybrid cloud

Wipro Cloud Studio - $WIPRO NS (NSE India) → MultiCloud service provider

Favorite: Tata Communications - $TATACOMM

Moat: global fiber optic network and deep networking in hybrid cloud. Compounder: growing international expansion and increasing demand for multi-cloud solutions.

🌏 Asia / Oceania

Naver Cloud - part of $035420 KQ (Korea KOSDAQ) → AI & gaming cloud

Samsung SDS Cloud - $018260 KQ (Korea KOSDAQ) → Enterprise & IoT Cloud

KT Cloud - part of $030200 KQ (Korea KOSDAQ) → Telecom & Edge Cloud with 5G

Telstra Cloud - $TLS (-0.36%) AX (Australia) → Telecom Cloud, Asia-Pacific focus

Macquarie Telecom Cloud - $MAQ AX (Australia) → Public Sector & Compliance

Favorite: Naver Cloud - $035420

Moat: strong integration of AI and gaming in Korea. Compounder: rapid scaling due to growing demand for AI and ML applications.

🌍 Latin America

UOL Diveo (Compasso UOL) - private (Brazil) → Cloud + Managed Services

Tivit Cloud - private (Brazil) → MultiCloud for industry & banks

Locaweb Cloud - $LWSA3 SA (Brazil) → SME Hosting & Cloud

Claro Cloud - part of $AMX (-1.15%) (Mexico, NYSE/HKEX) → Telecom Cloud in Latin America

DesireCloud - private (Chile/Peru) → Local provider for companies

Favorite: Locaweb - $LWSA3

moat: Market leader for SME cloud and hosting in Brazil. Compounder: enormous scalability through the digitalization of small and medium-sized enterprises throughout Latin America.

🇨🇦 Canada

OVHcloud Canada - part of $OVH (+1.33%) PA (France) → Data centers for North America

SherWeb - private (Quebec) → Cloud and MSP services for SMEs

HostPapa - private (Canada) → SME cloud solutions

Canadian Web Hosting - private (Canada) → Cloud & hosting with a focus on data protection

Beanfield Cloud - private (Toronto) → Cloud combined with fiber optic infrastructure

Favorite: SherWeb - private

Moat: close ties to SMEs via managed services. Compounder: fast-growing cloud ecosystem for small businesses in North America, high customer loyalty.

⚒️ Blade manufacturers (infrastructure suppliers)

🖥️ Semiconductors & Chips

Nvidia - $NVDA (-2.17%) (USA, Nasdaq) → GPUs for AI training & cloud

AMD - $AMD (-1.28%) (USA, Nasdaq) → CPUs/GPUs for Data Center

Intel - $INTC (+0.85%) (USA, Nasdaq) → Server CPUs & AI accelerators (Gaudi)

TSMC - $TSM (+0%) (Taiwan, NYSE/TWSE) → largest chip manufacturer, produces for NVIDIA/AMD

Samsung Electronics - $005930 KQ (Korea) → Memory, foundry, GPUs/CPUs

Favorite: Nvidia - $NVDA (-2.17%)

Moat: near monopoly in high-end GPUs for AI. Compounder: Ecosystem and network effects through CUDA and developer community.

📦 Data center hardware & servers

Supermicro - $SMCI (-2.1%) (USA, Nasdaq) → GPU clusters & AI servers

Dell Technologies - $DELL (-0.28%) (USA, NYSE) → Enterprise Servers & Storage

Hewlett Packard Enterprise - $HPE (-2.04%) (USA, NYSE) → Hybrid Cloud & Edge

Inspur - private (China) → AI & Cloud Server

Lenovo - $LNVGY (+0.79%) (China/ADR) → HPC and AI servers

Favorite: Supermicro - $SMCI (-2.1%)

Moat: Specialization in GPU clusters and AI servers. Compounder: benefits from every expansion of the hyperscalers, extremely high scalability.

⚡ Memory & network chips

Micron - $MU (-0.26%) (USA, Nasdaq) → DRAM & HBM memory

SK Hynix - $000660 KQ (Korea) → Memory chips, HBM for NVIDIA

Broadcom - $AVGO (-2.1%) (USA, Nasdaq) → Network Chips & Switches

Marvell - $MRVL (+1.28%) (USA, Nasdaq) → Network & 5G chips

ASE Technology - $ASX (+0%) (Taiwan, NYSE) → Packaging for high-end chips

Favorite: Broadcom - $AVGO (-2.1%)

Moat: deep roots in network infrastructure of hyperscalers. Compounder: benefits from rising demand for switches and custom chips for the cloud.

🏭 Data centers / colocation

Equinix - $EQIX (-2.45%) (USA, Nasdaq) → largest colocation provider worldwide

Digital Realty - $DLR (-1.58%) (USA, NYSE) → Data centers worldwide, strong in Europe/USA

China Telecom DC - part of $728 HK (HKEX) → Data center infrastructure in China

NTT Data Centers - part of $9432 (+0.11%) T (Tokyo) → Data centers in Asia/Europe

NEXTDC - $NXT (+0.26%) AX (Australia) → Growing data centers in the APAC region

Favorite: Equinix - $EQIX (-2.45%)

Moat: global networking and extremely high switching costs for customers. Compounder: continuous expansion and cross-selling potential through platform structure.

🔋 Energy & cooling

Schneider Electric - $SU (-2.27%) PA (France, Euronext) → Power & Cooling for Data Center

ABB - $ABBN (-0.56%) (Switzerland, SIX/NYSE ADR) → Energy & Automation

Siemens Energy - $ENR (-1.28%) (Germany, Xetra) → Power Grids & Data Center Technology

Vertiv - $VRT (-2.19%) (USA, NYSE) → Cooling, Racks & UPSs

Eaton - $ETN (-2.38%) (Ireland/USA, NYSE) → Power Management

Favorite: Schneider Electric - $SU (-2.27%)

Burggraben: market-leading energy and cooling systems for data centers. Compounder: long-term growth due to increasing demand for efficient data centers.

🌐 Network & Connectivity

Cisco - $CSCO (-0.7%) (USA, Nasdaq) → Router & Network Hardware

Arista Networks - $ANET (-3.03%) (USA, NYSE) → High-speed switches for hyperscalers

Juniper Networks - Acquisition by $HPE (-2.04%) Hewlett Packard HP (USA, NYSE) → Routing & Network Security

Ciena - $CIEN (+0.22%) (USA, NYSE) → Fiber Optics & Optical Networks

Nokia - $NOK (+0.52%) (Finland, NYSE/Helsinki) → 5G & Core Networks

Favorite: Arista Networks - $ANET (-3.03%)

Moat: technological leadership in high-speed switches in hyperscaler data centers. Compounder: enormous growth opportunities due to exponential data traffic in AI workloads.

✨ Takeaway

The Oracle quake shows: Cloud & AI are the growth drivers of the coming years. While hyperscalers are in the spotlight, hidden champions are growing in their niches in the background and blade manufacturers are making money from every expansion of the infrastructure.

👉 Question for you: Do you prefer to focus on hyperscalers in your strategy? hyperscalersthe hidden champions or directly on the shovel manufacturers?

I look forward to your opinions!

Source: own analysis

Image - Image credit: Getty Images

After my first post on humanoid robots received a lot of positive feedback, I went into more detail. I have subsequently added my favorites in each sector.

Extended analysis of the value chain including shovel manufacturers and potential hidden champions

New categorySecondary key sectors (sales, marketing, financing)

AdditionallyTop 25 companies worldwide, as well as Top 10 Europe and Top 10 Asia

I have also added a video link for beginners. This will give you an idea of how far the development of humanoid robotics has already progressed.

https://www.stern.de/panorama/wissen/humanoider-roboter---wie-reagiert-er-auf-beleidigungen--35996156.html

Thank you for your attention and your support 🙏

🌐 1. value chain of humanoid robots (with hidden champions)

1. research & chip design

$ARM (-0.54%) ARM (UK) - CPU-IP, energy-efficient processors

$SNPS (+0.86%) Synopsys (US) - EDA software, chip design

$CDNS (-1.02%) Cadence (US) - EDA & Simulation

$PTC PTC (US) - Engineering Software, CAD/PLM

$DSY (+1.38%) Dassault Systèmes (FR) - 3D Design & Digital Twin

$SIE (-1.12%) Siemens (DE) - Industrial Software & Lifecycle Mgmt

$ADBE (+0.53%) Adobe (US) - Design, AR/UX

ANSYS (US) - multiphysical simulation - acquisition by Synopsis

Altair (US) - CAE, simulation, digital twin - acquisition by Siemens

$HXGBY (+0%)
Hexagon (SE) - Metrology & Simulation

$AWE (-0.12%) Alphawave IP Group (UK) - High-speed chip IP for AI/robotics

1.Synopsis, 2.Siemens and 3.Adobe are my top 3 in this sector

2. manufacturing technology & equipment

$ASML (+1.1%) ASML (NL) - Lithography (EUV)

$AMAT (+0.65%) Applied Materials (US) - Semiconductor equipment

$8035 (+2.6%) Tokyo Electron (JP) - wafer fabrication

$KEYS (-0.64%) Keysight Technologies (US) - Metrology

$6857 (+0.57%) Advantest (JP) - Chip test systems

$TER (-1.04%) Teradyne (US) - test systems + cobots

$6954 (+0.45%) Fanuc (JP) - Industrial robots, CNC

$CAT (+0.07%) Caterpillar (US) - autonomous machines

$KU2G KUKA (DE) - industrial robots

Comau (IT) - automation - not listed on the stock exchange

$ROK Rockwell Automation (US) - industrial automation

$JBL (-2.3%) Jabil (US) - contract manufacturing (EMS/ODM)

$KIT (-0.92%) Kitron (NO) - European EMS/ODM manufacturer

$AIXA (+0.1%) Aixtron (DE) - deposition equipment for compound semiconductors

$LRCX (+0.03%)
Lam Research (US) - Etch/deposition systems

$MKSI (+0.79%)
MKS Instruments (US) - Plasma/vacuum technology

$ASM (+1.8%)
ASM International (NL) - Deposition systems

1.ASML, 2.Keysight Technologies, 3.Fanuc are my top 3 in this sector

3. chip manufacturing (foundries)

$TSM (+0%) TSMC (TW) - leading foundry

$005930 Samsung Electronics (KR) - foundry + memory

$GFS (-1.31%) GlobalFoundries (US) - specialty chips

$INTC (+0.85%)
Intel Foundry Services (US) - new western foundry player

$981
SMIC (CN) - largest Chinese foundry

$UMC
UMC (TW) - Power/RF/Embedded chips

1.TSMC, 2.Intel, 3.Samsung Electronics are my top 3 in this sector

4. computing & control unit ("brain")

$NVDA (-2.17%) Nvidia (US) - GPUs, AI chips

$INTC (+0.85%) Intel (US) - CPUs, FPGAs

$AMD (-1.28%) AMD (US) - CPUs, GPUs

$MRVL (+1.28%) Marvell (US) - network chips

$MU (-0.26%) Micron (US) - Memory

$DELL (-0.28%) Dell Technologies (US) - Edge & Infrastructure

Graphcore (UK) - AI chips (IPU) - not a listed company

Cerebras (US) - Wafer-scale engine - not a listed company

SiPearl (FR) - European HPC chip - not a listed company

1.Nvidia, 2.Marvell, 3.Micron are my top 3 in this sector

5. sensors ("senses")

$6758 (-2.61%) Sony (JP) - image sensors

$6861 (+1.51%) Keyence (JP) - Industrial sensors

$STM (+0.44%) STMicroelectronics (FR/IT) - Sensors, MCUs

$TDY Teledyne (US) - optical/infrared sensors

$CGNX (-0.72%) Cognex (US) - Machine Vision

$HON (-1.01%) Honeywell (US) - sensor technology, security

ANYbotics (CH) - autonomous sensor fusion - not a listed company

$AMBA (-2.83%) Ambarella (US) - video & computer vision SoCs for real-time image recognition

$OUST
Velodyne Lidar (US) - Lidar sensors - acquisition by Ouster

$AMS (+1.26%)
-OSRAM (AT/DE) - optical sensors

1.Teledyne, 2.Keyence, 3.Ouster are my top 3 in this sector

6. actuators & power electronics ("muscles")

$IFX (-0.52%) Infineon (DE) - Power Electronics

$ON (+1.75%) onsemi (US) - Power & Sensors

$TXN (-1.22%) Texas Instruments (US) - Mixed-Signal Chips

$ADI (-0.3%) Analog Devices (US) - Signal Processing

$PH Parker-Hannifin (US) - Hydraulics/Pneumatics

$MP (-0.71%) MP Materials (US) - Magnets

$APH (-1.05%) Amphenol (US) - Connectors

$6481 (+0.43%) THK (JP) - Linear guides & actuators

$6324 (+3.46%)
Harmonic Drive (JP) - Precision gears & servo drives for robotics

$6594 (+2.54%)
Nidec (JP) - Electric motors

$6506 (+0.39%)
Yaskawa (JP) - Drives & Robotics

$SU (-2.27%)
Schneider Electric (FR) - Energy & control solutions

$ZIL2 (+0.65%)
ElringKlinger (DE) - Battery & fuel cell technology, lightweight construction

1.Parker-Hannifin, 2.MP Materials, 3.Infinion are my top 3 in this sector

7. communication & networking ("nerves")

$QCOM (+0.83%) Qualcomm (US) - mobile communications, edge AI

$ANET (-3.03%) Arista Networks (US) - Networks

$CSCO (-0.7%) Cisco (US) - Networks, Security

$EQIX (-2.45%) Equinix (US) - Data centers

NTT Docomo (JP) - 5G/6G carrier - not a listed company

$VZ Verizon (US) - Telecommunications

$SFTBY SoftBank (JP) - Carrier + Robotics

$ERIC B (-0.5%)
Ericsson (SE) - 5G/IoT infrastructure

$NOKIA (-0.39%)
Nokia (FI) - 5G/6G for industry

$HPE (-2.04%)
Juniper Networks (US) - Network technology - acquisition by HP

1.Arista Networks, 2.SoftBank, 3.Cisco are my top 3 in this sector

8. energy supply

$3750 (+1.17%) CATL (CN) - Batteries

$6752 (-0.45%) Panasonic (JP) - Batteries

$373220 LG Energy (KR) - Batteries

$ALB (-0.58%) Albemarle (US) - Lithium

$LYC (-1.62%) Lynas (AU) - Rare earths

$UMICY (+0%) Umicore (BE) - recycling

WiTricity (US) - inductive charging - not a listed company

$ABBN (-0.56%) Charging (CH) - charging infrastructure

$SLDP
Solid Power (US) - Solid state batteries

Northvolt (SE) - European batteries - not a listed company

$PLUG
Plug Power (US) - fuel cells

$KULR (+0%)
KULR Technology (US) - Thermal management & battery safety for mobile systems

1.Albemarle, 2.CATL, 3.Panasonic are my top 3 in this sector

9. cloud & infrastructure

$AMZN (+0.2%) Amazon AWS (US) - Cloud, AI

$MSFT (-1.95%) Microsoft Azure (US) - Cloud, AI

$GOOG (-0.98%) Alphabet Google Cloud (US) - Cloud, ML

$VRT (-2.19%)
Vertiv Holdings (US) - Data center infrastructure (UPS, cooling, edge)

$ORCL (+1.3%)
Oracle Cloud (US) - ERP + Cloud

$IBM (-0.53%)
IBM Cloud (US) - Hybrid cloud + AI

$OVH (+1.33%)
OVHcloud (FR) - European cloud

1.Alphabet, 2.Microsoft, 3.Oracle are my top 3 in this sector

10. software & data platforms

$PLTR (-1.44%) Palantir (US) - Data integration

$DDOG (-3.44%) Datadog (US) - Monitoring

$SNOW (-4.83%) Snowflake (US) - Data Cloud

$ORCL (+1.3%) Oracle (US) - Databases, ERP

$SAP (+0%) SAP (DE) - ERP systems

$SPGI S&P Global (US) - financial/market data

ROS2 Foundation - robotics middleware - not listed on the stock exchange

$NVDA (-2.17%) NVIDIA Isaac (US) - robotics development - part of Nvidia

$INOD (-0.71%) Innodata (US) - data annotation & AI training data

$PATH (-1.22%)
UiPath (RO/US) - Robotic process automation

$AI (-0.67%)
C3.ai (US) - AI platform

$ESTC (-3.08%)
(NL/US) - Search & data analysis

1.S&P Global, 2.Palantir, 3.Datadog are my top 3 in this sector

11. end applications / robots

$ABBN (-0.56%) ABB (CH/SE) - Industrial Robots

$6954 (+0.45%) Fanuc (JP) - Industrial robots

$TSLA (+1.43%) Tesla Optimus (US) - humanoid robot

$9618 (+2.58%) JD.com (CN) - logistics robot

$AAPL (-0.2%) Apple (US) - Platform & UX

$700 (-0.11%) Tencent (CN) - Platform & AI

$9988 (+0.75%) Alibaba (CN) - logistics & platform

PAL Robotics (ES) - humanoid robots - not a listed company

Neura Robotics (DE) - cognitive humanoid robots - not a listed company

$TER (-1.04%) Universal Robots (DK) - cobots - belongs to the Teradyne Corporation

Engineered Arts (UK) - humanoid robots - not a listed company

$ISRG (-1.14%) Intuitive Surgical (US) - surgical robotics

$GMED (-1.42%)
Globus Medical (US) - surgical robotics (ExcelsiusGPS platform)

$7012 (+0.83%) Kawasaki Heavy Industries (JP) - industrial robots, automation

$CPNG (-1.12%) Coupang (KR) - Logistics end user

$IRBT (+1.51%)
iRobot (US) - consumer robotics (e.g. Roomba), non-humanoid, but navigation/sensor fusion

Boston Dynamics (US) - humanoid & mobile robots-no listed company

Hanson Robotics (HK) - humanoid robots (Sophia) - not a listed company

Agility Robotics (US) - humanoid robot "Digit" - not a listed company

1.Apple, 2.Tencent, 3.Alibaba are my top 3 in this sector

🛠 2. cross enablers (shovel manufacturers) - with hidden champions

Raw materials & battery materials

Albemarle - Lynas - Umicore

$SQM
SQM (CL) - Lithium

$ILU (+4.69%)
Iluka Resources (AU) - Rare earths

$ARR (-1.47%)
American Rare Earths (US/AU) - New supply chains

my number 1 in the sector is Albemarle

manufacturing technology

ASML - Applied Materials - Tokyo Electron

$LRCX (+0.03%)
Lam Research (US) - Plasma/etching processes

$ASM (+1.8%)
ASM International (NL) - ALD equipment

$MKSI (+0.79%)
MKS Instruments (US) - Plasma/vacuum technology

my number 1 in the sector is ASML

Quality assurance

Keysight - Advantest - Teradyne

$EMR (-5.78%)
National Instruments (US) - Measurement technology - from Emerson Electric adopted

$300567
ATE Test Systems (CN) - test systems

$FORM (+2.68%)
FormFactor (US) - Wafer probing

my number 1 in the sector is Keysight

Motion & Drive

Parker-Hannifin

Festo (DE) - Pneumatics, Soft Robotics - not a listed company

Bosch Rexroth (DE) - Drives, Controls - not a listed company

$6481 (+0.43%)
THK (JP) - Linear guides

my number 1 in the sector is Parker-Hannifin

Sensors/Imaging

$TDY Teledyne

$BSL (+3.91%) Basler (DE) - Industrial cameras

FLIR (US) - Thermal imaging sensors - acquisition by Teledyne

ISRA Vision (DE) - Machine Vision - not a listed company

my number 1 in the sector is Teledyne

Magnets & Materials

MP Materials

$6501 (-3.54%)
Hitachi Metals (JP) - Magnetic materials

VacuumSchmelze (DE) - Magnetic materials - not a listed company

$4063 (+1.72%)
Shin-Etsu Chemical (JP) - Specialty materials

my number 1 in the sector is MP Materials

Chip Design & Simulation

Synopsys - Cadence - ARM

$SIE (-1.12%)
Siemens EDA (DE/US)-Mentor Graphics-strategic business unit of Siemens AG

Imagination Tech (UK) - GPU-IP - not a listed company

$CEVA (-1.91%)
CEVA (IL) - Signal Processor IP

my number 1 in the sector is Synopsys

Engineering & Lifecycle

PTC - Dassault - Siemens

Altair (US) - Simulation - no longer a listed company

$HXGBY (+0%)
Hexagon (SE) - Metrology

$SNPS (+0.86%)
ANSYS (US) - Simulation - takeover by Synopsys

my number 1 in the sector is Siemens

Networks & Data Centers

Arista - Cisco - Equinix

$HPE (-2.04%)
Juniper (US) - Networks - Acquisition of HPE

$DTE (-1.24%)
T-Systems (DE) - Industry cloud

$OVH (+1.33%)
OVHcloud (FR) - European cloud

my number 1 in the sector is Arista

Cloud infrastructure

AWS - Azure - Google Cloud

$ORCL (+1.3%)
Oracle Cloud (US) - ERP & databases

$IBM (-0.53%)
IBM Cloud (US) - Hybrid Cloud

$9988 (+0.75%)
Alibaba Cloud (CN) - Asian Cloud

$VRT (-2.19%)
Vertiv Holdings (US) - Cloud/Infra

my number 1 in the sector is Alphabet (Google)

finance/information infra

S&P Global

$MCO
Moody's (US) - Ratings

$MSCI (-2.52%)
MSCI (US) - Indices

$MORN
Morningstar (US) - Investment Research

my number 1 in the sector is S&P Global

Creative/Experience Infra

Adobe

$ADSK (-2.27%)
Autodesk (US) - CAD & Design

$U
Unity (US) - 3D/AR simulation

Epic Games (US) - Unreal Engine - not a listed company

my number 1 in the sector is Adobe

Platform & Ecosystem

Apple - Tencent - Alibaba

$META (+0.87%)
Meta (US) - AR/VR, Social Robotics

ByteDance (CN) - AI & platforms - not a listed company

$9888 (+6.86%)
Baidu (CN) - AI & Cloud

my number 1 in the sector is Tencent

Infrastructure/Edge

Dell

$HPE (-2.04%)
HPE (US) - Edge Computing

$SMCI (-2.1%)
Supermicro (US) - AI servers

$6702 (-2.38%)
Fujitsu (JP) - Edge & HPC

my number 1 in the sector is Dell

storage solutions

Micron

$000660
SK Hynix (KR) - Memory

$285A (+7.45%)
Kioxia (JP) - NAND

$WDC
Western Digital (US) - Storage solutions

my number 1 in the sector is Micron

🏛 3. secondary key sectors with hidden champions

Financing & Capital

$GS (-0.91%) Goldman Sachs (US) - investment bank; ECM/DCM, M&A, growth financing

$MS Morgan Stanley (US) - investment bank; tech banking, capital markets

$BLK (-0.57%) BlackRock (US) - asset manager; capital allocation, ETFs/index funds

$9984 (+0.92%) SoftBank Vision Fund (JP) - mega VC; growth equity in robotics/AI

Sequoia Capital (US) - venture capital; early/growth in AI/robotics - this is a classic venture capital fund

DARPA (US) - government R&D funding (robotics/defense) - independent research and development agency

EU Horizon (EU) - research funding/grants for DeepTech - Innovative Europe pillar

China State Funds (CN) - state industry/technology fund

Lux Capital (US) - VC for DeepTech - Uptake (US) - AI-based predictive maintenance

DCVC (US) - Robotics & AI focus - investing exclusively via VC fund investments

Speedinvest (AT) - EU VC for robotics - access to investment only via fund investments

my number 1 in the sector is Softbank

Maintenance & Service

$SIE (-1.12%) Siemens (DE) - Industrial Service, Lifecycle & Retrofit

$ABBN (-0.56%) ABB (CH/SE) - Robotics Service, Spare Parts, Field Support

$GEHC (-0.84%) GE Healthcare (US) - Medtech service incl. robotic systems

Uptake (US) - AI-based predictive maintenance - not a listed company

Augury (US/IL) - condition monitoring, condition diagnostics - not a listed company

$KU2 KUKA Service (DE) - Robotics maintenance

$6954 (+0.45%) Fanuc Service (JP) - global service network

Boston Dynamics AI Institute (US) - Robotics longevity - funded by Hyundai Motor Group

my number 1 in the sector is Siemens

Marketing & Advertising

$WPP (-2.42%) WPP (UK) - global advertising group; branding/communications

$OMC Omnicom (US) - marketing/PR network

$PUB (+0.42%) Publicis (FR) - communications/advertising group

$META (+0.87%) Meta (US) - Digital Ads (Facebook/Instagram)

$GOOG (-0.98%) Google Ads (US) - search & display advertising

TikTok / ByteDance (CN) - social ads & distribution - not a listed company

$AAPL (-0.2%) Apple (US) - Branding/UX; Acceptance & Platform Marketing

$WPP (-2.42%)
AKQA (UK/US) - Tech branding - Since 2012 majority owned by the WPP Groupbut continues to operate as an autonomous operating unit

R/GA (US) - Innovation marketing - not a listed company

Serviceplan (DE) - largest independent EU agency - not a listed company

my number 1 in the sector is Meta

Law, Regulation & Ethics

ISO (CH) - international standards, robotics standards

TÜV (DE) - certification & safety tests

UL (US) - safety/conformity testing

EU AI Act (EU) - legal framework for AI & robotics

UNESCO AI Ethics (UN) - global ethics guidelines

Fraunhofer IPA (DE) - Robotics safety standards

ANSI (US) - standards

IEC (CH) - Electrical engineering standards

Training & Talent

MIT (US) - Robotics/AI Research & Education

ETH Zurich (CH) - autonomous systems & robotics

Stanford (US) - AI/Robotics labs & spin-offs

Tsinghua University (CN) - Robotics/AI in Asia

CMU (US) - Robotics Institute

EPFL (CH) - Robotics research

TU Munich (DE) - humanoid robot "Roboy"

🌍 Top 25 companies for humanoid robotics

These companies are central to the development & production of humanoid robotsbecause without them, crucial parts of the chain would be missing:

Chips & computing power (brain of the robots)

$NVDA (-2.17%) Nvidia (US) - AI GPUs & Isaac platform, foundation for robotic AI

$2330 TSMC (TW) - world's most important foundry, produces the AI chips

$ASML (+1.1%) ASML (NL) - EUV lithography, indispensable for chip production

$005930 Samsung Electronics (KR) - memory, logic, foundry

$000660 SK Hynix (KR) - DRAM & NAND memory for AI

$MU (-0.26%) Micron (US) - Memory solutions for AI workloads

my number 1 in the sector is ASML

Sensors & perception (senses of robots)

$SONY Sony (JP) - image sensors, market leader

$6861 (+1.51%) Keyence (JP) - Industrial sensors & vision systems

$CGNX (-0.72%) Cognex (US) - Machine Vision, precise image processing

my number 1 in the sector is Keyence

Actuators & motion (muscles of robots)

$IFX (-0.52%) Infineon (DE) - power electronics, motor control

$6594 (+2.54%) Nidec (JP) - World market leader for electric motors

$PH Parker-Hannifin (US) - hydraulics/pneumatics, motion technology

$6481 (+0.43%) THK (JP) - Linear guides & actuators

my number 1 in the sector is Parker-Hannifin

Communication, cloud & infrastructure (nerves & data flow)

$QCOM (+0.83%) Qualcomm (US) - Mobile & Edge Chips

$AMZN (+0.2%) Amazon AWS (US) - Cloud & AI infrastructure

$MSFT (-1.95%) Microsoft Azure (US) - Cloud, AI services

$CSCO (-0.7%) Cisco (US) - Networks & Security

$VRT (-2.19%) Vertiv Holdings (US) - Data Center Infrastructure

my number 1 in the sector is Microsoft

End Applications & Platforms (robots themselves)

$TSLA (+1.43%) Tesla (US) - humanoid robot Optimus

$ABBN (-0.56%) ABB (CH/SE) - Robotics & Automation

$6954 (+0.45%) Fanuc (JP) - industrial robots & CNC systems

$7012 (+0.83%) Kawasaki Heavy Industries (JP) - industrial robots

PAL Robotics (ES) - humanoid robots (TALOS, ARI, TIAGo) - not a listed company

Neura Robotics (DE) - cognitive humanoid robots - not a listed company

Universal Robots (DK) - cobots

my number 1 in the sector is Tesla

🇪🇺 Top 10 European key companies for humanoid robotics

$ASML (+1.1%)
ASML (NL)

World market leader in EUV lithography - no modern chips for AI & robotics without ASML.

$IFX (-0.52%) Infineon (DE)

Leading in power electronics & motor control - crucial for actuators of humanoid robots.

$STM (+0.44%)
STMicroelectronics (FR/IT)

Sensors, microcontrollers & power chips - the basis for control & perception.

$SAP (+0%)
SAP (DE)

ERP & data platforms, important for integrating humanoid robots into industrial processes.

$SIE (-1.12%)
Siemens (DE)

Industrial software, automation, digital twin - key for engineering & lifecycle management.

$KU2 KUKA (EN)

Robotics pioneer, industrial robots & automation - know-how for humanoid motion mechanics.

PAL Robotics (ES) - not a listed company

Specialist for humanoid robots (TALOS, ARI, TIAGo), internationally used in research & service.

Neura Robotics (DE) - Not a listed company

Young high-tech company, develops cognitive humanoid robots with advanced AI (4NE-1).

Universal Robots (DK) - Not a listed company

Market leader for cobots - platform for safe human-robot collaboration.

Engineered Arts (UK) - not a listed company

Develops humanoid robots such as Amecaknown for realistic facial expressions & gestures - important for HRI (Human-Robot Interaction)

🌏 Top 10 Asian key companies for humanoid robotics

$2330
TSMC (Taiwan)

World's largest semiconductor foundry, produces high-end chips (e.g. Nvidia, AMD, Apple) - no AI hardware without TSMC.

$005930
Samsung Electronics (South Korea)

Foundry, memory, logic chips, image sensors - extremely broadly positioned in robotics components.

$000660
SK Hynix (KR) - Memory

$SONY
Sony (Japan)

Market leader in CMOS image sensors, essential for robotic vision & perception.

$6861 (+1.51%)
Keyence (Japan)

Sensor technology & machine vision for industrial automation, widely used in robotics.

$6954 (+0.45%)
Fanuc (Japan)

Industrial robots & CNC systems, one of the most important manufacturers of robotics hardware worldwide.

$6506 (+0.39%)
Yaskawa Electric (Japan)

Drives, motion control & robot arms - relevant for humanoid motion control.

$6594 (+2.54%)
Nidec (Japan)

World market leader for electric motors (from mini motors to high-performance drives).

$7012 (+0.83%)
Kawasaki Heavy Industries (JP) - Industrial robots

$9618 (+2.58%)
JD.com (China)

Driver for robotics in e-commerce & logistics, invests in humanoid robotics applications

Today I would like to introduce you to a technology that is one of the greatest technological revolution since the invention of the Internet. The project is being led by the company Nippon Telegraph and Telephone Corporation (NTT) $9432 (+0.11%)a company that could be described as the Deutsche Telekom $DTE (-1.24%) of Japan. From the outside, it seems like a boring quality company, dividend share, safe haven.... But it is much more than that!

Our society is slowly but surely moving towards the AI age. Everything and everyone is connected. However, this also brings problems, because AI requires electricity, a great deal of electricity. It is currently assumed that in the future, an ever-increasing percentage of our electricity production will only be needed for data centers. This costs money and, in most cases, damages the environment on top of that.

This is the reason why NTT has launched the IOWN project (Innovative Optical and Wireless Network) into being. In the meantime, the project has developed into a global initiative with NTT as the initiator, important direct partners such as Intel
$INTC (+0.85%), Sony
$6758 (-2.61%), NEC $6701 (-0.38%) and Fujitsu $6702 (-2.38%)as well as dozens of other partner companies (Google $GOOGL (-0.97%)Amazon $AMZN (+0.2%) , SoftBank $9984 (+0.92%)....).

What is IOWN about?

Today's network technology, which is based on electricity, is to be fundamentally rethought. Instead of electricity, networks with photons (light) operated. This technology will be used in mobile networks, data centers, industry and much more. The APN (All Photonic Network) is currently undergoing intensive testing and expansion.

NTT: "IOWN technologies are expected to reduce energy consumption by 100-fold transmission capacity by a factor of 125 times and increase end-to-end latency (≈delay) by a factor of 200-fold times."

Here is another typical Japanese graphic, detailed but confusing:

The introduction of IOWN technologies would thus solve the biggest problem of our digital society, energy consumption. Not only that, it would also surpass all current network technologies in terms of speed and capacity and capacity many times over. Today's technology is not able to outperform the APN. IOWN represents a technological revolution with a disruptive character an innovation that would be so groundbreaking that anyone who does not adapt it would be at a competitive disadvantage. And IOWN is not science fiction, it is already a reality.

For example, the first international APN was put into operation at the end of last year. In cooperation with Chunghwa Telecom $CHT (Taiwan's largest telecommunications group), stable communication over a distance of 3000km with 0.017sec delay was made possible.

Telecommunications is just one of many applications. The link with AI and quantum computers is also being intensively developed. The government is also supporting the project with appropriate regulatory support and subsidies.

The latest news can be followed on NTT's Research & Development website: https://group.ntt/en/rd/

To the NTT share:

The NTT share currently stands at a P/E RATIO 11so it will by no means trading at a premium with regard to IOWN. The core business is very stable (telecoms), which is why the risk is virtually non-existent. Even though IOWN is now a global project, NTT is still at the forefront of the project and holds the most important patents. most important patents APN technology and will therefore also be its biggest profiteer. IOWN technology is very complex and therefore very difficult to copy. There is also no real competition for NTT in this area. However, we will have to be patient a little longer before IOWN is rolled out on a large scale. Until
2030 further commercial applications are to be developed and projects in Japan are to be driven forward. From 2030 IOWN technology will then be rolled out globally. The global adaptation of IOWN technology would also involve high initial costs for setting up the new infrastructure, although this would be offset by the negligible energy requirements in the application. In addition, companies and countries that do not rely on IOWN due to its technological superiority would suffer a competitive disadvantage.

Conclusion:

NTT could trigger a new technological revolution with the IOWN initiative they are leading. The technological superiority over today's systems is impressive. The next 5-10 years will show whether the future will run on photonic networks. Even though IOWN has the potential to be a true revolution, NTT would already call it a mini-revolution. as an initiator and technology supplier. As the share is massively undervalued in view of the potential massively undervalued I consider the purchase to be a no-brainer. All we need to do now is be patient and follow current developments!

Not investment advice, of course 🥴

Do you think Germany will reach 50% fiber optics by the time the world switches to APN? 🤪

Boy, what's going on with the bamboo servers of the trading republic again today. I've been trying to update my account again since noon today to show my latest transaction. This is really becoming a nuisance.

Edit: Getquin also had a bad day today. Take a look at the charts of the "top losers" today: $6702 (-2.38%) & $7011 (-1.39%) & $2801 (+0%) & $7269 (-0.65%) Something is wrong there too. This wouldn't have happened with AWS (*makes Amazon shareholder noise*)

#exchangetradedeveryday

Stock exchange company in the scrap yard !

My father and I run a scrap yard with 14 employees.

We are more or less like the Ludolfs... only in a professional way.

In my l200 pickup from $8058 (+1%) it goes then first on our depot.

In the office then the computer and monitor of $6702 (-2.38%) turned on and $MSFT (-1.95%) started. For my daily computing tasks, I am supported by my calculator from $6753 (+0.26%)

Since we are also controlled in contrast to German authorities we lead a digital bookkeeping. Via my scanner from$7751 (-0.88%) all receipts that still come with the $DPW (-0.53%) are digitized.

Since we are in charge of 2 large stamping productions and a lot of manufacturing business, we of course need a corresponding fleet of vehicles.

Two trucks from$8TRA (-0.29%) and one from $DTG (-0.71%) are constantly in use for us. The bodies from $PAL (+0%) work quite well most of the time ... but unfortunately the quality is disappointing more often.

The phone rings... $TKA (+4.68%) calls the container at their production site must be changed because otherwise the machines stand still ... The construction site of $HOT (-2.8%) must also be finished soon.

Over my $AAPL (-0.2%) Iphone I am constantly available for my customers. How was it with self-employed ? Self and constantly.

Next call. Scrap metal that we sent by truck to the export warehouse was refused for the time being. The radioactive measuring system of $TMO (+0.42%) has failed. This will be another expensive operation.

We have more great machines, but unfortunately they are not from companies listed on the stock exchange.

Our fleet includes 3 Sennebogen handling excavators and a Lindemann scrap shear.

With the scrap shear we are able to press different types of scrap and bring it to a certain size to make it suitable for charging.

This scrap is then delivered directly by us to steel mills.

And even in the scrap trade, one encounters numerous exchange-traded companies on a daily basis.

#börsengehandelteralltag

Moin,

since I was kindly invited by @GoDividend to publish my professional everyday life and to pay attention to the listed companies I meet, I would like to comply immediately. :D

Already early in the morning at 6 o'clock rings my smartphone alarm clock (Xiaomi $1810 (-0.09%)). I torture myself amazingly straight out of bed, which would have been unthinkable in the past. Since at least 3 alarm clocks rang every 10 minutes before I got up. Well, I blame it on age.

If I stay in bed longer, there's no breakfast and no lunch at work. So I quickly go to the bathroom, where I then do the classics like $PG (-0.02%) and $ULVR (-1.41%) or also $CL (-1.25%) encounter. There's not much time left, because I have to quickly make breakfast or at least lunch before I leave.

Depending upon Gusto I decide in the morning with the Seat ($VOW3 (-1.11%) ) or $F (-1.41%) to the train station. How does it say nevertheless so beautifully? With $F (-1.41%) away and with the train back. So off to the station and then with the Deutsche Bahn ($FCKU) off to Frankfurt.

The train ride is always very adventurous and at least 8 out of 10 trips are delayed. I could fill whole books with the stories. But that wouldn't be so bad if you weren't in the net desert Germany, where not even the $DTE (-1.24%) has reception.

So, three hours later, I arrive in Frankfurt and walk to my employer, a listed Asian bank, which does not want to be named here out of shyness.

The first thing to do there is of course to install the PCs ($HPQ (-0.93%) and Fujitsu $6702 (-2.38%) ) have to be booted up. Otherwise nothing works.

The operating system is $MSFT (-1.95%) and there is hardly anything else needed. Except coffee, of course.

Well, so completely without $GOOGL (-0.97%) of course and also $AMZN (+0.2%) accompanies me with music streaming through the day. But will probably soon to $SPOT (-1.4%) because Amazon thinks they have to screw their customers (at this point $FCKU2).

If not just the phone from $CSCO (-0.7%) rings, it stays pretty quiet otherwise. Thank God I have no direct customer contact.

In the evening, of course, I go back to the station and, with a joyful glance in the direction of $MCD (-0.26%) and the long line of customers, I'm pretty sure that this company will be in my portfolio for a long time to come. And even though I would never support the outrageous extortionate prices of $SBUX (+1.04%) would never support them by a purchase on my part, I'm happy to see everyone with a cup in their hand somehow helping my passive income.

In the evening it goes with the wife comfortably on the couch. If there's no sports on (and there's always something on), we watch a movie from $DIS (-1.16%) or $AMZN (+0.2%) or. $NFLX (-0.87%) There's no such thing with us. At some point, I have to put an end to all the subscriptions.

Sometimes I still edit a few of my pictures on my laptop $LNVGY (+0.79%) I took with my Nikon on my laptop $7731 (+0.44%) and then it's off to bed again.

I nominate times @Kundenservice and no one else.

The article might be quite interesting for one or the other nerd here. Besides quantum computers themselves, the simulation of a quantum computer is also progressing.

Why a simulation if I could also research on the real computer?

Because developing a quantum computer is an enormous technological challenge. The qubits used are very sensitive to environmental influences and the more qubits a system has, the more sensitive it becomes. So I simply simulate the object and thus avoid the problems that the real version brings with it.

https://t3n-de.cdn.ampproject.org/c/s/t3n.de/news/fujitsu-quantencomputer-simulator-1463199/amp/

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗩𝗲𝗴𝗮𝗻𝗲𝗿 𝗚𝗲𝗻𝘂𝘀𝘀 𝗮𝘂𝘀 𝗕𝗲𝗿𝗹𝗶𝗻 / 𝗕𝗔𝗦𝗙 𝘂𝗻𝗱 𝗗𝗲𝘂𝘁𝘀𝗰𝗵𝗲 𝗕𝗮𝗻𝗸 𝘀𝘁𝗮𝗿𝗸 / 𝗨𝗦-𝗕𝗮𝗻𝗸𝗲𝗻 𝘂𝗻𝗱 𝗕𝗶𝘁𝗰𝗼𝗶𝗻

𝗜𝗣𝗢𝘀 🔔

Veganz - The price range for the planned IPO of vegan food manufacturer Veganz has been set at 85 to 110 euros per share. Gross issue proceeds of between 33 and 42.8 million euros are expected. The fresh money is to be used for research and development, marketing, a new production site near Berlin and further expansion. Up to 550,000 shares will be placed. The offering will start today (Wednesday, October 27) and is expected to end on November 3. The first day of trading on the Frankfurt Stock Exchange is scheduled for November 10.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, BP Midstream Partners LP ($BPMP), ConocoPhillips ($YCP (+1.4%)), First Republic Bank ($81R), and KNOT Offshore Partners LP ($KNOP) are trading ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, BASF ($BAS (-0.66%)), Boeing ($BCO (-1.24%)), Coca-Cola ($CCC3 (-0.77%)), Deutsche Bank ($DBK (-2.96%)), eBay ($EBA (-1.61%)), DWS Group ($DWS (-2.09%)), Ford Motor ($FMC1 (-1.41%)), Fujitsu ($FUJ1 (-2.38%)), General Motors ($8GM (-1.22%)), Hitachi ($HIA1 (-3.54%)), McDonalds ($MDO (-0.26%)), PUMA ($PUM (+3.71%)), Santander ($BSD2 (-1.99%)), The Kraft Heinz Company ($KHNZ (+0.14%)) and Xilinx ($XIX) presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

BASF ($BAS (-0.66%)) - After strong quarterly figures, BASF raises annual targets again. Thanks to good demand and higher prices, business is going well for the world's largest chemical company. Sales of between 76 and 78 billion euros are now expected. Operating earnings before interest and taxes (EBIT) and special items are also expected to be between 7.5 and 8.0 billion euros. Compared with the same period last year, which was weak due to Corona, sales increased by 42 percent to 19.7 billion euros. BASF reported a profit of 1.25 billion euros. In the previous year, there had been a loss due to depreciation of 2.1 billion euros.

Deutsche Bank ($DBK (-2.96%)) - The quarterly figures were also positive in the third quarter and the bank was again able to report a profit. However, Deutsche Bank's quarterly profit of 329 million euros is well below that of its competitors. Santander ($BSD2 (-1.99%)) reported a profit of 2.2 billion and UBS ($UBRA (-1.64%)) even posted 2.3 billion euros.

Despite exceeding expectations, investors are disappointed, as revenue stagnated in almost all business areas except asset management, while competitors' results were clearly positive. As a result, the share price fell by around 5%.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

USA - Will US banks soon be able to hold bitcoin and other cryptocurrencies? An inter-agency working group has been formed in the US to develop uniform guidelines that will specifically allow US banks to hold and trade cryptocurrencies. This was revealed in an interview with Jelena McWilliams, chairwoman of the Federal Deposit Insurance Company (FDIC). Furthermore, she specifically believes that banks should be allowed to hold cryptocurrencies and that the guidelines are mainly meant to protect banks and investors. She also stated that she is convinced that the new technology of cryptocurrencies must be brought to the banks, as otherwise this industry will develop on its own and regulatory intervention will thus hardly be possible anymore.

𝗙𝗼𝗹𝗹𝗼𝘄 𝘂𝘀 𝗳𝗼𝗿 𝗳𝗿𝗲𝗻𝗰𝗵 𝗻𝗲𝘄𝘀 𝗼𝗻 @MarketNewsUpdateFR 📈