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Market Daily Report: Bursa Malaysia Gives Up Earlier Gains To End Mixed

KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec
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Nvidia CEO Assures Ample Supply of New Blackwell Chips Amid Investor Concerns

Nvidia's CEO, Jensen Huang, addressed concerns surrounding the company's new Blackwell chips, assuring that there will be "lots and lots" of supply once production ramps up. Despite some production challenges that required revamping parts of the manufacturing process, Huang emphasized that the company has already begun volume production and is distributing samples globally.

Key Takeaways:

  1. Assurance of Ample Supply: Nvidia's CEO, Jensen Huang, reassured investors that the supply of the new Blackwell chips will be plentiful as production gains momentum, despite initial manufacturing challenges.

  2. Key Product for Growth: The Blackwell chip, a successor to the popular Hopper AI accelerators, is highly anticipated by investors and analysts. Concerns about potential production delays had raised fears about Nvidia's growth trajectory and AI expansion.

  3. Revenue Expectations: Although the stock dipped following the earnings call due to Huang's reluctance to detail Blackwell's revenue, the CEO expressed confidence in strong revenue generation from the chip in the fourth quarter and beyond.

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