Page 3,711«..1020..3,7103,7113,7123,713..3,7203,730..»

Inside the Global Race to Fight COVID-19 Using the World’s Fastest Supercomputers – Scientific American

As the director of a global research organization, I feel obligated to use all the resources of cutting-edge science and technology at our disposal to fight this scourge. As a father, I want a lasting solution, one that serves not just in this crisis, but the next. And, as an American and a Spaniard, with family in two hot spots, I want to help. Its as simple as that.

It started with a phone call to the White House on Tuesday, March 17, one that proved to be a catalytic moment for industry, academia and government to act together. This was the same week I received news from my mother that my cousin in Spain had tested positive for coronavirus. Shes a doctor and, just like all medical staff around the world right now, is on the front lines of the fight against this disease. This fight is personal for so many of us.

COVID-19 is deadly serious. This respiratory disease is triggered by a virus from the family of coronaviruses, which was identified in the 1960s but had never made such an assault on humanity. The virus prevents its victims from breathing normally, making them gasp for air. Fever, cough, a sore throat and a feeling of overwhelming fatigue and helplessness follow. Lucky ones recover within a few days; some show only mild or moderately severe symptoms. But some patients are not that lucky. Bulldozing its way through the body, the virus makes the lungs fill up with fluid, and may lead to a rapid death. No one is immune. While the elderly and those with underlying health conditions are more at risk, COVID-19 has taken the lives of people of all ages, some in seemingly good health. The disease is bringing our world to its knees.

But we are resilient, and we are fighting back with all the tools we have, including some of the most sophisticated supercomputers we have ever built. These machinesmore than 25 U.S.-based supercomputers with more than 400 petaflops of computing powerare now available for free to scientists searching for a vaccine or treatment against the virus, through the COVID-19 High Performance Computing Consortium.

It was created with government, academia and industryincluding competitors, working side by side. IBM is co-leading the effort with the U.S. Department of Energy, which operates the National Laboratories of the United States. Google, Microsoft, Amazon and Hewlett Packard Enterprise have joined, as well as NASA, the National Science Foundation, Pittsburgh Supercomputing Center and six National LabsLawrence Livermore, Lawrence Berkeley, Argonne, Los Alamos, Oak Ridge and Sandia, and others. And then there are academic institutions, including MIT; Rensselaer Polytechnic Institute; the University of Texas, Austin; and the University of California, San Diego.

The supercomputers will run a myriad of calculations in epidemiology, bioinformatics and molecular modeling, in a bid to drastically cut the time of discovery of new molecules that could lead to a vaccine. Having received proposals from all over the world, we have already reviewed, approved and matched 15 projects to the right supercomputers. More will follow.

But just a few days ago none of this existed.

On March 17, I called Michael Kratsios, the U.S. governments chief technology officer. Embracing the potential of a supercomputing consortium, he immediately started mobilizing his team, including Jake Taylor, assistant director for quantum information science at the White House Office of Science and Technology Policy. Jake called major U.S. players that have high-performance computers and invited them on board. From the IBM side, Mike Rosenfield, whose team has designed and built multiple generations of world-leading supercomputers, partnered with RPI, MIT and the key computing leaders of the U.S. National Laboratories. The U.S. Department of Energy has been a partner from the very beginning, at the heart of it all.

Within 24 hours of that first call, collaborators outlined what it meant to be involved. We brainstormed how we would communicate to research labs worldwide what we could offer in terms of hardware, software and human experts, and how we would get them to submit proposals, and get those matched with just the right supercomputer.

Forty-eight hours passed. On Thursday, March 19, we set up the scientific review committee and the computing matching committee to manage proposals. At least one person from each of the members of the consortium had to be part of the process, all acting fairly and equally. From IBM, Ajay Royyuru joined the merit review committee; he is the leader of our Healthcare and Life Sciences research and together with his team has long been developing novel technologies to fight cancer and infectious diseases.

Ajay, too, has a personal stake in fighting back against COVID-19. In January, his elderly father passed away following a pulmonary illness. Ajay shares his house with his 82-year-old mother, and he worries about keeping her safe from this risk, just like so many of us worry about our parents. His extended family in India is now also confronting the unfolding of the pandemic.

On March 22, less than a week after the first discussion with Kratsios, the White House announced the consortium. Everyone knew that the clock was ticking.

It is still very early days, but Ajay and other reviewers can clearly see from the first wave of proposals that scientists are trying to attack the virus on all frontsfrom drug discovery and development with AI-led simulations to genomics, epidemiology and health systems response. We need to understand the whole life cycle of this virus, all the gearboxes that drive ithow it encounters and infects the host cell and replicates inside it, preventing it from producing vital particles. We need to know the molecular components, the proteins involved in the virus biochemistrythen to use computational modeling to see how we can interrupt the cycle. That's the standard scientific methodology of drug discovery, but we want to amplify it.

The virus has been exploding in humans for months now, providing an abundance of samples for computer modeling and analysis. Scientists are already depositing them into public data sources such as GenBank and Protein Data Bank. There are many unknowns and assumptionsbut, Ajay tells me, a lot of proposals involve using the available protein structures to try and come up with potential molecular compounds that could lead to a therapeutic or a vaccine.

Thats already happening. Even before we formed the consortium, researchers at Oak Ridge National Laboratory and the University of Tennessee simulated 8,000 compounds and found 77 molecules that could potentially disarm the virus. But 77 is still a big number and running tests to find the correct molecule may take months. Here, my colleague Alessandro Curioni, an Italian chemist who heads IBM Research Europe and who had to self-isolate due to possible exposure to COVID-19, had an idea on how to speed things up.

In a conversation with European Commission executives in early March, Alessandro learned about an Italian pharmaceutical company, Domp Farmaceutici and the E.U.-financed project they were working on. Last week, he orchestrated a meeting between its scientists and Oak Ridge, suggesting to both parties that they submit a joint proposal to the consortium. Perhaps together, with the help of supercomputers, they can reduce the number of the promising compounds from 77 to 10, five and, finally, one.

Humanity has more tools at its disposal in this pandemic than ever before. With data, supercomputers and artificial intelligence, and in the future, quantum computing, we will create an era of accelerated discovery. The consortium is an example of a unique partnership approach, and it shows that the bigger the challenge, the more we need each other.

Read more about the coronavirus outbreakhere.

Read more here:
Inside the Global Race to Fight COVID-19 Using the World's Fastest Supercomputers - Scientific American

Read More..

Global Quantum Computing Market 2025 company profile of each organization are entailed in the study : D-Wave Systems, Google, IBM, Intel, Microsoft,…

This detailed research report on the Global Quantum Computing Market offers a concrete and thorough assorted compilation of systematic analysis, synthesis, and interpretation of data gathered about the Quantum Computing Market from a range of diverse arrangement of reliable sources and data gathering points. The report provides a broad segmentation of the market by categorizing the market into application, type, and geographical regions.

In addition, the information has analysed with the help of primary as well as secondary research methodologies to offer a holistic view of the target market. Likewise, the Quantum Computing Market report offers an in-house analysis of global economic conditions and related economic factors and indicators to evaluate their impact on the Quantum Computing Market historically.

This study covers following key players:

D-Wave SystemsGoogleIBMIntelMicrosoft1QB Information TechnologiesAnyon SystemsCambridge Quantum ComputingID QuantiqueIonQQbitLogicQC WareQuantum CircuitsQubitekkQxBranchRigetti Computing

Request a sample of this report @ https://www.orbismarketreports.com/sample-request/67848?utm_source=Puja

The report is a mindful assortment of vital factors that lend versatile cues on market size and growth traits, besides also offering an in-depth section on opportunity mapping as well as barrier analysis, thus encouraging report readers to incur growth in global Quantum Computing Market. This detailed report on Quantum Computing Market largely focuses on prominent facets such as product portfolio, payment channels, service offerings, applications, in addition to technological sophistication. All the notable Quantum Computing Market specific dimensions are studied and analysed at length in the report to arrive at conclusive insights. Apart from highlighting these vital realms, the report also includes critical understanding on notable developments and growth estimation across regions at a global context in this report on Quantum Computing Market.

Besides these aforementioned factors and attributes of the Quantum Computing Market, this report specifically decodes notable findings and concludes on innumerable factors and growth stimulating decisions that make this Quantum Computing Market a highly profitable. A thorough take on essential elements such as drivers, threats, challenges, opportunities are thoroughly assessed and analysed to arrive at logical conclusions. Additionally, a dedicated section on regional overview of the Quantum Computing Market is also included in the report to identify lucrative growth hubs. These leading players are analysed at length, complete with their product portfolio and company profiles to decipher crucial market findings.

Access Complete Report @ https://www.orbismarketreports.com/global-quantum-computing-market-size-status-and-forecast-2019-2025-2?utm_source=Puja

Market segment by Type, the product can be split into

HardwareSoftwareServices

Market segment by Application, split into

DefenseHealthcare & pharmaceuticalsChemicalsBanking & financeEnergy & power

The report also lists ample correspondence about significant analytical practices and industry specific documentation such as SWOT and PESTEL analysis to guide optimum profits in Quantum Computing Market. In addition to all of these detailed Quantum Computing Market specific developments, the report sheds light on dynamic segmentation based on which Quantum Computing Market has been systematically split into prominent segments encompassing type, application, technology, as well as region specific segmentation of the Quantum Computing Market.

Some Major TOC Points:

1 Report Overview

2 Global Growth Trends

3 Market Share by Key Players

4 Breakdown Data by Type and ApplicationContinued

For Enquiry before buying report @ https://www.orbismarketreports.com/enquiry-before-buying/67848?utm_source=Puja

About Us :

With unfailing market gauging skills, has been excelling in curating tailored business intelligence data across industry verticals. Constantly thriving to expand our skill development, our strength lies in dedicated intellectuals with dynamic problem solving intent, ever willing to mold boundaries to scale heights in market interpretation.

Contact Us :

Hector Costello

Senior Manager Client Engagements

4144N Central Expressway,Suite 600, Dallas,Texas 75204, U.S.A.

Phone No.: USA: +1 (972)-362-8199 | IND: +91 895 659 5155

Read more here:
Global Quantum Computing Market 2025 company profile of each organization are entailed in the study : D-Wave Systems, Google, IBM, Intel, Microsoft,...

Read More..

XRP Price Hits $0.20 as Over 200M Coins Transferred… – Coinspeaker

XRP price has risen by around 8% within the last 24 hours. 211 million XRP has been recently transferred between several wallets with some anonymous and others identified to be owned by corporate investors.

As every crypto coin has begun to gain momentum and is rising now, XRP price is also rising. The coin is trading at $0.20 at the time of writing. It means that the coin has gained 7.78% within 24 hours.

The crypto has broken above the overhead resistance at $0.18867. If the bulls can sustain the altcoin above this level, it will signal strength. There is a minor resistance at the 50-day SMA ($0.20) and above this level a rally to $0.25 is possible.

Reportedly, as the coin gradually gain momentum, unidentified investors at both retail and institutional level are transferring a large amount of the coin amongst their wallets and sending them to major crypto exchange firms.

According to XRPL monitor, in the last 8 hours, as much as 211 million XRP was transferred between several wallets with some anonymous and others identified to be owned by corporate investors. The other wallets were set up and now being operated by crypto exchange firms.

The transfers were made over 12 times to send and receive around the whole sum which amounts to $39,518,525.

Part of the identified crypto exchange firms that were involved in the transfer where Bithumb, Ripple, and Binance according to the Bithomp website. There is a series of tweets on the XMRL Monitor Twitter account.

Regarded as the third-largest crypto coin after BTC and ETH, XRP is trading at $0.20, Now it means that it is the second in this row as for the gains within 24 hours. As XRP has gained around 8%, BTC has added around 4% while ETH is the leader with its 13%.

Reportedly, the rise to $ 0.20 was anticipated by traders and also expected to plunge back to as low as $0.14. XRP token, however, has continued to gain traction with Republican Congressional candidate David Gokhshtein declaring support for the coin saying that XRP is not useless.

Gokhshtein, who is a rare pro-crypto voice, also has explained before now that the coronavirus backed economic recession will no doubt have a drastic effect on the crypto industry and predicted then also that individuals would begin selling their Bitcoin for fiat, a way of surviving during this crisis.

Please check out latest news, expert comments and industry insights from Coinspeaker's contributors.

You have successfully joined our subscriber list.

Link:
XRP Price Hits $0.20 as Over 200M Coins Transferred... - Coinspeaker

Read More..

Still Stuck In Germany, Anand Joins COVID-19 Initiatives – Chess.com

Still not able to fly back home and unite with his family, GM Viswanathan Anand has posted a video message related to the COVID-19 crisis as other Indian players are also speaking out.

Anand has now been in Germany for just under a month, unable to travel back to his wife and son in Chennai, India. After providing commentary for Chess.com on the FIDE Candidates tournament from Europe, the five-time world champion now spends his time like so many of us in these strange times, mostly inside hisplace in Frankfurt, where he has spent many weeks when preparing for his world championship matches.

Why Germany? Well, he was supposed to play for his team OSG Baden-Baden in the Bundesliga on March 14and 15, but these playing days and the remainder of the season have been canceled due to the coronavirus crisiswhich also halted normal air traffic between Germany and India.

It's not the first time that Anand has been unable to fly. A decade ago, he intended to take a plane from Frankfurt to Sofia with his team for his world championship match with GM Veselin Topalov, but air traffic in Europe was disrupted due to theeruptions of the Icelandic volcano Eyjafjallajokull. Instead, a van was rented, and after a 40-hour trip, during which his team famously watched the complete "Lord of the Rings" series, he arrived and ended up beating Topalov.

On Monday, the official Twitter account of India's Ministry of Information and Broadcasting posted a tweet with a wonderful video message from Anand, intended for Indian citizens but also valuable for anyone else. In it, he mentions his son Akhil, with whom he is playing on ChessKid every now and then as well.

A transcript of the message:

"Ive now been isolated at home for over two weeks away from my family unfortunately and I know that most of you are doing the same, but I wanted to urge you to continue this till the end of the lockdown. This is very important because everything which seems natural and healthy like having social relationships, meeting people, going out for fresh air actually helps this virus to spread easily. So its very important we do this, and this allows us to help the healthcare workers and the government and all the people who are out there in the front line because we minimize the transmission. We should stay at home, protect ourselves, and protect others by withholding contact, by not shaking hands, by always keeping a few meters distance if you see someone, but most importantly, staying at home we stop the transmission and that is the most important thing we can do.

"We should understand that those who are in the front lines, mainly government workers, people in healthcare, nurses, doctors, people who are getting supplies across, they should work with minimum interference and very often they are working to a plan which may not be evident to us so we should trust them and let them go about their work without asking questions.

"If you can, please donate or find some way of letting these people know how much you appreciate the sacrifice they are doing and how hard it is for them and try to lift their morale a little bit.

"Finally, the most important thing we can do is not to allow ourselves to get depressed. We should try to keep a positive attitude, a little bit of exercise during the day, social contact through the internet or sending each other videos, these are excellent ways to cheer each other up. We have to maintain positivity. My son, for instance, is enjoying these little chances to go to the balcony and show a light or thank our doctors in some other way. These kinds of events, if carefully controlled, are a nice way to maintain positivity. He is also taken to drawing about the coronavirus and its impact on us. Its an interesting way to let out your feelings so I feel that if we can all find our little way of coping, we just need to hang in there, we are more than halfway across the lockdown period, and if we just hang in there we will come out of this well, but this is the crucial moment. This is when we should not relax our efforts. Thank you all."

A day later, Anand suggested a charity via a tweet.

Two of Anand's colleagues have also sent video messages, via the Twitter account of their sponsor, the Oil and Natural Gas Corporation Limited (ONGC).

Here's GM Humpy Koneru:

"This is grandmaster Koneru Humpy, a proud ONGCian. We are one nation, we are one people. Crisis unites us. Adversities strengthen us. In these times of adversity, we salute all the health workers and government agencies, working day and night to save the people. We in ONGC are doing the same, working non-stop in adverse conditions to ensure that energy resources keep flowing and India stands tall in its fight against an unseen enemy. Please follow social distancing norms, stay home, stay safe and follow all government guidelines. We are here to make a difference. Jai Hind!"

And here's GM Krishnan Sasikiran:

"I am Krishnan Sasikiran, Arjuna Awardee and a proud ONGCian. Friends, these are difficult times and the nation needs to be united in this hour of crisis. Our brothers and sisters in the health sector, sanitation, arm forces, media, delivery and other services are working night and day to save lives, harnessing resources to ensure that every citizen is taken care of. We in ONGC are doing the same. Our energy soldiers continue to work night and day in some remote inhospitable locations to ensure India's energy needs are met. These difficult times demand from us to stay home, stay safe, maintain social distance and observe all norms issued by the government. We are here to make a difference. Jai Hind!"

Six of India's best players will offer simultaneous exhibitions on Chess.com to support the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund. Set to start on Saturday, April 11, at 6 a.m. Pacific Time (14:00 CEST, 6:30 p.m. Indian Standard Time), former world champion GM Viswanathan Anand will be joined by GMs Pentala Harikrishna, Vidit Gujrathi, Baskaran Adhiban, Humpy Koneru, and Harika Dronavalli as they each will offer a twenty-board simultaneous exhibition for donors to take place on Chess.com. Find more info here.

Read the original:
Still Stuck In Germany, Anand Joins COVID-19 Initiatives - Chess.com

Read More..

Chess can you find the hidden single line of play to crack the puzzle? – Financial Times

The global chess body Fide (Fdration Internationale des checs) faces a growing problem after it suspended the world title candidates and so failed to produce a challenger for the title held by Magnus Carlsen.

Carlsens championship match was planned for December as part of Expo Dubai 2020, now rescheduled for 2021. Fide also cancelled the 190-nation team Olympiad as over-the-board chess has stopped indefinitely.

In contrast, there is a wave of new online events. The $250,000 Magnus Carlsen Invitational, with the No1 and seven elite rivals, starts on April 18 on chess24.com.

Elsewhere chess.com has announced the Abu Dhabi Blitz, a 12-round event for all titled players, for April 15, while lichess.org will stage an online version of the UKs national league on Tuesday evenings at 7.30pm, starting April 7. The online 4NCL has attracted 170 teams of four, far higher than expectations.

The ball is now in Fides court. The global body could trump the rest by launching its own official online world championships, but almost all its emphasis has been on over-the-board events so that its organisational infrastructure for web play may be lacking.

2362

White mates in five moves. An editor once rejected this weeks puzzle (by Friedrich Koehnlein) as impossible to solve and obviously misprinted. Yet there is just a single line of play, while Black is down to a single pawn move. Can you crack the hidden answer?

Click here for solution

Read the original:
Chess can you find the hidden single line of play to crack the puzzle? - Financial Times

Read More..

April Cover Stories with Chess Life: Tom Beckman – uschess.org

The April edition of Cover Stories with Chess Life is now live! This monthly podcast, hosted by Senior Director of Strategic Communication Daniel Lucas, goes in depth and behind the scenes of each months Chess Life cover story. This month we talk to Tom Beckman, the impresario of the Eastern Open since 2009, who wrote our article on this perennial event. (Note: The authors of our cover story about chess on Grand Cayman Island were unavailable.) We talk to Tom about his time running the Eastern Open, how chess has enriched his life, his teaching philosophy, and why he considers himself as a freak on openings.

Dont miss your chance at winning a $50 gift certificate to USCFSales.com! Send in your question to [emailprotected], and if your question is selected as the Best Question, you will win the gift certificate. Next months cover story will be on chess in the Cayman Islands. Send in your questions now about this topic or anything about Chess Life that strikes your fancy.

Make sure to subscribe on Apple Podcasts, Google Podcasts, or Spotify!

Podcast (cover-stories): Play in new window | Download

Subscribe: Apple Podcasts | Android | Email |

Continue reading here:
April Cover Stories with Chess Life: Tom Beckman - uschess.org

Read More..

Yes, IT is coming! – uschess.org

Recent (and quasi-regular) outages of US Chess information technology (IT) services prompted me to offer a preview of our efforts to upgrade our US Chess IT infrastructure.

Last summer, US Chess signed an agreement with Skvare, an information technology firm that specializes in assisting nonprofit organizations with their technology needs. Skvare was selected as a result of a competitive bidding process announced in February 2019. The RFP sought proposals from firms that specialize in deploying CiviCRM, an open source customer relationship management platform. We selected Skvare based on their expertise with Civi and their approach to learning from and working with their client organizations.

This infrastructure upgrade has been many years in the making. Our current systems have served us well for a very long time. We are grateful to Mike Nolan, former US Chess IT Director, for his continued involvement in keeping our current environment up and running while offering his expertise to the Skvare team during this transition.

Since August, Skvare has been working with US Chess to learn about existing capabilities, workflows, and idiosyncrasies within the US Chess IT environment and designing and developing a new database and related services. Skvares efforts, and those of Boyd Reed, the US Chess Project Manager for the IT upgrade, have resulted in Phase I being on a track for completion between July 7-9, 2020. Here is a summary of upcoming changes that are expected for the July release:

We are looking ahead to the following changes and improvements in Phase 2 and beyond:

We are pleased to report that all of the Phase I requirements are on schedule for the July launch, as are many of the Phase II requirements.

Much of what is being done in Phase I is an upgrade to our underlying database infrastructure and less visible to you. In July, your member data will be served from our new database. You also will be able to access US Chess information systems through a single log-in, requiring that you reset your current US Chess login credentials. The TD/Affiliate system will be revamped, the TLA system will be upgraded for simpler submission, and a new complaint tracking system (for Ethics, Rules, TDCC, and other sanctioning committees) will be deployed. In addition, Civi provides US Chess staff improved access to organizational data and can assist members with better information in the future. The new systems will offer familiar interfaces that are consistent with todays design principles and will offer important security upgrades for member data. A new website overhaul will come with Phase II.

In the lead up to the early-July launch, we will share additional previews of whats coming through a series of blog posts. We look forward to continuing this project into Phase 2, where our public-facing presence on the web will be updated, along with additional US Chess services. Thank you for your patience as we undergo this important infrastructure transition to better serve our members and the chess-playing public.

See the article here:
Yes, IT is coming! - uschess.org

Read More..

Cryptocurrency market update: Major cryptos trade in tight ranges on Saturday – FXStreet

Major cryptocurrencies are staying relatively quiet on Saturday and struggle to break out of their daily trading ranges amid a lack of significant catalysts.

Bitcoin (BTC/USD) climbed to its highest level since March 13th at $7,250 on Thursday but lost its momentum as the Fibonacci 61.8% retracement of the mid-March fall formed a stiff resistance at that level. After closing the day little changed on Friday, the pair continues to move sideways below $7,000 on Saturday. On the downside,$6,600 (Fibonacci 50% retracement) aligns as the initial support ahead of $6,250 (20-day SMA) and $6,000 (Fibonacci 38.2% retracement/psychological level). Resistances, on the other hand, could be seen at$7,250, 7,650 (50-day SMA) and $8,170 (100-day SMA/200-day SMA).

Ethereum (ETH/USD) advanced to a fresh two-week high of $150.70 on Thursday and had gone into a consolidation phase. As of writing, the pair was up 1.3% on a daily basis at $143. With a weekly close above $150 (Fibonacci 38.2% retracement of mid-March drop), the pair could target $153.50 (Mar. 20 high). The 200-day SMA at $173 is the key resistance for the pair in the near-term. Supports are located at $137 (Apr. 3 low) and $126.50 (Fibonacci 23.6% retracement).

After finding support near $0.16 at the start of the week,Ripple(XRP/USD)gained traction and closed the last five days in the positive territory and gained more than 10% during the period. However, the pair seems to be having a difficult time preserving its bullish momentum as it trades in a tight range above the $0.18 mark. On the upside, the initial hurdle aligns at $0.1875 (Mar. 27 high/Apr. 2high) ahead of $0.2000 (psychological level). Near-term supports for the pair could be seen at $0.1620 (Fibonacci 38.2% retracement of mid-March drop) and $0.1420 (Fibonacci 23.6% retracement of mid-March drop).

Here is the original post:
Cryptocurrency market update: Major cryptos trade in tight ranges on Saturday - FXStreet

Read More..

First Trust Cloud Computing ETF Should Benefit From Near-Term Surge In Demand Due To COVID-19 – Seeking Alpha

ETF Overview

First Trust Cloud Computing ETF (SKYY) owns a portfolio of cloud-services stocks in the United States. The fund seeks to track the ISE CTA Cloud Computing Index. Besides a long-term secular growth trend, these stocks should benefit in the near-term from the outbreak of COVID-19 as more and more people use cloud-related services from home. Stocks in SKYY's portfolio are trading at valuations below their historical averages. Therefore, we think investors may want to take this opportunity to add more shares.

Data by YCharts

SKYY's portfolio includes high quality companies

SKYY's top-10 holdings are mostly high-profile companies around the world. As can be seen from the table below, these top 10 stocks represent about 41.7% of its total portfolio.

Morningstar Moat Status

Financial Health Rating

% of ETF

Amazon (AMZN)

Wide

Strong

5.40%

Microsoft (MSFT)

Wide

Strong

5.20%

Oracle (ORCL)

Wide

Moderate

4.49%

Alphabet Inc. Class A (GOOGL)

Wide

Strong

4.34%

Citrix Systems (CTXS)

Narrow

Strong

4.27%

Alibaba Group (BABA)

Wide

Moderate

3.99%

VMware (VMW)

Narrow

Moderate

3.85%

Akamai Technologies (AKAM)

None

Strong

3.61%

MongoDB (MDB)

N/A

N/A

3.55%

Cisco (CSCO)

Narrow

Strong

2.97%

Total:

41.67%

Source: Created by author

Most of these stocks have products or services that are not easy for its competitors to replicate. In some cases, they operate in oligopoly as well. For example, Amazon, Microsoft, Google, and Alibaba together hold roughly 61.4% of total worldwide cloud market share in Q4 2019 (see chart below).

Source: Parkmycloud.com

Besides having a sizable market share in the cloud market, these stocks also offer other services to continue to attract subscribers. For example, Microsoft's Office 365 subscription service provides a stable and predictable income as it is difficult for its customers to switch due to compatibility and familiarity issues. Similarly, Google also provides a suite of cloud services (Gmail, Google Drive, etc.) to its customers. Likewise, Amazon offers video services and quick delivery services to its Prime members.

COVID-19 is driving significant demand for cloud-based services

SKYY invests in companies that provide cloud-based services to their customers. This sector should experience strong revenue growth in the next few years. In fact, a report published by Gartner late in 2019 points to significant growth opportunities in the next few years. As stated by Gartner,

The cloud managed service landscape is becoming increasingly sophisticated and competitive. In fact, by 2022, up to 60% of organizations will use an external service provider's cloud managed service offering, which is double the percentage of organizations from 2018.

As can be seen from the table below, worldwide public cloud services revenue is expected to jump from $227.8 billion in 2019 to $354.6 billion in 2022. This represents a growth rate of 55.7% from 2019.

Source: Gartner

This growth rate will likely accelerate further due to the COVID-19 pandemic. Since the outbreak of COVID-19 and the implementation of social distancing, many people are forced to work from home or stay at home. Therefore, the need to do their everyday activities (work, shopping, entertainments) online is increasing sharply. In fact, SKYY's second largest holding Microsoft has seen 775% increase in demand for its cloud services in regions enforcing social distancing. Its largest holding Amazon is also seeing overwhelming influx in orders. Cisco's Webex video conferencing app drew record 324 million users in March. The app usage grew by 2.5 times in Americas, 4 times in Europe and 3.5 times in Asia.

SKYY is now undervalued

Now, let us take a look at its top-10 holdings and compare these stocks' forward P/E ratio with its 5-year average P/E. As can be seen from the table below, these stocks' weighted average forward P/E ratio of 23.75x is much lower than the 5-year average of 28.87x. Given these stocks' strong growth outlook, we think its shares are trading at a significant discount.

Forward P/E

5-year Average P/E

% of ETF

Amazon

64.52

85.85

5.40%

Microsoft

24.69

22.36

5.20%

Oracle

11.79

14.57

4.49%

Alphabet Inc. Class A

20.08

22.72

4.34%

Citrix Systems

6.08

12.82

4.27%

Alibaba Group

22.03

27.28

3.99%

VMware

17.86

20.25

3.85%

Akamai Technologies

19.57

20.45

3.61%

MongoDB

Here is the original post:
First Trust Cloud Computing ETF Should Benefit From Near-Term Surge In Demand Due To COVID-19 - Seeking Alpha

Read More..

These are the main factors to consider before investing in the cryptocurrency market – CryptoSlate

Investing has never been easier now that on-chain metrics enable market participants to determine who is on the other side of the trade. While this is only possible in the cryptocurrency market, IntoTheBlock maintains that this data can empower investors worldwide.

Contrary to popular belief, one of the biggest advantages of the cryptocurrency market is transparency. Through on-chain analytics anyone can determine how many investors are in a given asset, when they bought, and what their cost basis is. These key datasets are essential to determine which digital asset to invest in.

IntoTheBlock uses machine learning and statistical modeling to provide a view of a crypto assets profitability and capital stack. Bitcoin, for instance, is a great example of decentralization, which makes it ideal to consider as an investment vehicle, according to the firm.

The flagship cryptocurrency only has one whale that holds 1.4 percent of its circulating supply. This address has approximately 255,100 BTC and belongs to Singapore-based cryptocurrency exchange Huobi. The other 98.6 percent of the total Bitcoin in circulation is distributed among investors and retail investors. The former holds 10.1 percent while the latter keeps 88.5 percent.

Not only Bitcoin is decentralized, but the amount of holders in the network is at all-time highs, according to IntoTheBlock.

The Ownership by Time Held model estimates that nearly 30 millon addresses have a balance in Bitcoin. Currently, almost 63 percent of those addresses are holding 10.8 million BTC for more than a year. This represents a 23.7 percent growth since last year.

IntoTheBlock added:

To give you more accurate information about this we can see that the number of Bitcoins that hasnt been moved in over 5 years is up from 3.6m BTC on April of 2019 to 3.95m BTC on April of this year.

Other assets such as Maker do not provide the same levels of decentralization as Bitcoin and most of its investors will be in the red if they were to sell their tokens today.

In fact, IntoTheBlocks Global In/Out of the Money model shows that 89 percent of the addresses holding MKR are losing money while only 3 percent of addresses are in the money.

On-chain metrics also reveal that of the 57,520 addresses holding Maker, just 13 of them control almost 65 percent of the circulating supply. And, there is one address that holds nearly 25 percent of the circulating supply.

IntoTheBlock maintains that this could suggest that if anyone were to buy MKR, there is one major address would probably be the one dumping their tokens at a profit.

The ability to determine how centralized an asset is, how large holders can manipulate its price, or how confident investors are is only possible with this new asset class. Although this is not enough data to consider whether or not a given cryptocurrency provides a good investment opportunity, counter-party analysis makes this decision easier.

See the original post here:
These are the main factors to consider before investing in the cryptocurrency market - CryptoSlate

Read More..