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...
KUALA LUMPUR (May 28): The FBM KLCI closed 13.22 points or 0.83% higher today at its intraday high, driven by bargain hunting and as world markets took cue from China share gains.
At 5pm, the KLCI closed at 1,614.57 as share-trade value across Bursa Malaysia swelled to RM4.52 billion after 2.4 billion shares changed hands. Yesterday, share trade value and volume stood at RM1.29 billion and 1.6 billion shares respectively.
Today, Malacca Securities Sdn Bhd head of research Victor Wan told theedgemarkets.com: "KLCI advanced today mainly led by bargain hunting and we also reckon that the foreign selling flow of Malaysian equities was showing a muted response.”
Bursa Malaysia top gainers included Nestle (M) Bhd, Public Bank Bhd and Tenaga Nasional Bhd. Top decliners included Hong Leong Bank Bhd, AEON Credit Service (M) Bhd and Tong Herr Resources Bhd.
Across Asia, Japan's Nikkei 225 closed up 0.37% while South Korea's Kospi climbed 0.23%. In China, the Shanghai Stock Exchange Composite ended up 0.61% while Hong Kong's Hang Seng rose 0.38%.
Reuters reported that Asian shares rose on Tuesday, lifted by gains in China and as auto firms climbed on merger news, but broad uncertainties over trade and economic growth kept investor enthusiasm in check. It was reported that MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.38%, and US S&P 500 e-mini futures rose 0.22% to 2,837.25, pointing to gains when US markets reopen on Tuesday after a holiday.
Source: The Edge
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