Intel heads into its April 23 earnings with rising investor expectations , but the key question remains whether AI-driven CPU demand can offset ongoing margin weakness . Revenue Stable, But Margins Under Pressure Intel is expected to deliver Q1 revenue around US$12.4 billion , slightly above the midpoint of its guidance range. However, the real concern lies in profitability: Gross margin guided at 34.5% , down from 39.2% a year ago EPS near breakeven (~US$0.00) vs US$0.13 last year This highlights continued pressure from costs, utilisation, and product mix , despite improving demand signals. AI CPUs: A Key Growth Driver Intel’s near-term bullish case centers on AI-related CPU demand , particularly its Xeon processors. A key development is its partnership with Alphabet , which reinforces: Intel’s role in AI data centre infrastructure Growing demand for AI inference and general-purpose computing Investors will watch c...
Market Daily Report: FBM KLCI drops 10.47 points, Bursa share value dips below RM1.5b as trade war hits sentiment
KUALA LUMPUR (Sept 24): The FBM KLCI dropped 10.47 points or 0.58% on profit taking in light of heightened China-US trade war concerns. At 5pm, the KLCI settled at 1,800.17 while share-trade value across Bursa Malaysia fell to RM1.499 billion.
Reuters reported that Asian shares stumbled in holiday-thinned trading on Monday as China's decision to cancel talks with the United States sparked fears of a protracted trade war, while oil rallied as Saudi Arabia ruled out increasing supplies to cool crude prices.
Investors were squarely focused on the Sino-US trade war as China added US$60 billion of US products to its import tariff list, retaliating against US duties on US$200 billion of Chinese goods that came into effect at 0401 GMT Monday. China also cancelled mid-level trade talks with the United States, as well as a proposed visit to Washington by Vice Premier Liu He which had been scheduled for this week, the Wall Street Journal reported.
In Malaysia today, Hong Leong Investment Bank Bhd analyst Loui Low Ley Yee told theedgemarkets.com: “It was a mixed market. There were selective profit-taking activities [locally].
Across Bursa Malaysia, 1.64 billion shares worth RM1.499 billion exchanged hands. Today's share-trade value was much lower than the RM3.61 billion registered on Friday.
Today's top decliners included KLCI constituent stocks such as Hong Leong Bank Bhd, Press Metal Aluminium Holdings Bhd and Tenaga Nasional Bhd.
Across Asia, Hong Kong’s Hang Seng fell 1.62% amid holiday-thinned trading today as Mainland China, Japan and South Korea markets were closed for holidays. Tomorrow (Sept 25), Hong Kong markets will be closed in conjunction with the day following the Chinese Mid-Autumn Festival.
Source: The Edge
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