Nvidia CEO Jensen Huang expressed confidence that global collaboration in science and technology will persist, even amid potential tighter export controls from the incoming Trump administration. Huang on Global Cooperation Despite the Trump administration’s previous restrictions on exporting US technology to China, Huang believes international collaboration remains essential. “Open science and global cooperation across math and science have been the foundation of societal and scientific advancements for a very long time,” Huang stated during a media session in Hong Kong. He emphasized Nvidia's commitment to balancing compliance with laws and policies while continuing to advance technology and serve customers globally. The Age of AI During a speech at the Hong Kong University of Science and Technology (HKUST) , Huang declared, “The age of AI has started — a new computing era that will impact every industry and every field of science.” Highlighting Nvidia’s innovations, he describe
KUALA LUMPUR (April 28): The FBM KLCI gained marginally today amid mixed sentiments, ahead of the Workers Day weekend and the release of U.S. gross domestic product (GDP) data.
The benchmark index closed 0.14 points higher at 1768.06.
Inter Pacific Securities research head Pong Teng Siew said the mixed performance was due to some profit-taking ahead of the extended weekend, but mitigated by weak U.S. gross development product forecasts, prior to the release of actual data by the Department of Commerce tonight.
The upswing from earlier political development in France and first look of U.S. tax cut plan has also weakened, said Pong, slowing down gains in the U.S. and subsequently the regional markets.
“You get a sense that the momentum from the U.S. market upswing is somewhat weakening, with a mixed picture all over. The upswing reaction, based on very little information other than political data, is not lasting.
“Market is starting to adjust, and is bracing for some disappointment,” he added.
Reuters reported that Asian stocks slipped as investors took profits from the recent rally, ahead of the Labour Day weekend, and the Golden Week Holiday in Japan.
Japan’s Nikkei 225 lost 0.29%, South Korea’s Kospi declined 0.18%, while the Hong Kong Hang Seng Index lost 0.34%.
On the local front, gainers were led by Dutch Lady Milk Industries Bhd, while decliners were led by Scientex Bhd.
There were 544 gainers against 403 losers, with 358 counters closing unchanged. A total of 3.1 billion shares, worth RM2.9 billion, were traded.
Source: The Edge
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