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Market Daily Report: Bursa Malaysia Ends Higher In Line With Most Regional Markets

KUALA LUMPUR, Sept 20 (Bernama) -- Bursa Malaysia ended higher on Friday in line with most Asian markets, mirroring gains from Wall Street, where investors welcomed the US Federal Reserve's substantial interest rate cut. The FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 3.17 points, or 0.19 per cent, to 1,668.82 at the close from Thursday's close of 1,665.65. It opened 5.03 points higher at 1,670.68, trading between 1,668.48 and 1,674.04 throughout the session. In the broader market, gainers outpaced decliners 732 to 468, while 465 counters were unchanged, 850 untraded and 32 suspended. Turnover swelled to 4.19 billion units worth RM5.97 billion, from Thursday's 3.99 billion units worth RM4.08 billion. UOB Kay Hian Wealth Advisors head of investment research, Mohd Sedek Jantan, noted the FBM KLCI's gains were led by utilities, logistics, and banking stocks, reflecting improved market sentiment. Additiona
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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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