KUALA LUMPUR, April 1 (Bernama) -- Bursa Malaysia closed higher on Wednesday, with the key index rising 1.10 per cent, in line with firm gains across regional markets following a strong rally on Wall Street overnight, said an analyst. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said the improvement in sentiment was underpinned by easing geopolitical concerns and a decline in oil prices. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increase 18.54 points or 1.10 per cent to 1,708.90 from Tuesday’s close of 1,690.36. The benchmark index opened 25.58 points higher at 1,715.94, marking its intraday high, and hit a low of 1,700.20 during the mid-morning session. The broader market was positive, with gainers leading decliners 780 to 444. A total of 475 counters were unchanged, 926 untraded and 11 suspended.
Massive Tech Investments in the U.S.
- Major tech firms, including Apple, OpenAI, Meta, Microsoft, and Amazon, have committed over $1 trillion in U.S. investments.
- President Trump took credit for the pledges, though many plans were already in motion before his administration.
Key Investment Announcements
1. Apple: $500 Billion
- Focus: AI server production, supplier expansion, and new jobs.
- Jobs: 20,000.
- Locations: Houston & Detroit.
2. OpenAI, SoftBank & Oracle (Stargate JV): Up to $500 Billion
- Focus: AI infrastructure, massive data center projects.
- Jobs: “Hundreds of thousands.”
- Initial Investment: $100 billion.
- Location: Texas (first project in Abilene).
3. SoftBank: $100 Billion
- Focus: AI, semiconductors, and data centers.
- Jobs: 100,000.
- Key Investment Area: Texas.
4. Meta: $65 Billion
- Focus: AI computing, large-scale data centers.
- Location: Louisiana.
5. Microsoft: $40+ Billion
- Focus: AI and cloud data centers.
- Locations: Texas & Arizona.
6. Damac Group: $20+ Billion
- Focus: U.S. data center expansion.
- Locations: Texas, Arizona, Ohio, Michigan, Illinois, Indiana.
7. Amazon Web Services: $11 Billion
- Focus: AI and cloud infrastructure.
- Jobs: 550.
- Location: Georgia.
8. Anduril (Defense Tech): Nearly $1 Billion
- Focus: Autonomous weapons manufacturing.
- Jobs: 4,000 direct, 8,500 indirect.
- Location: Ohio.
Key Takeaways
- Tech giants are betting big on AI and cloud infrastructure in the U.S.
- Trump is linking these investments to his policies, though many were planned earlier.
- Data centers and AI technology are driving job creation and economic expansion.
Summary:
- Over $1 trillion in U.S. tech investments pledged across AI, cloud computing, and semiconductors.
- Apple, OpenAI, SoftBank, Microsoft, and Amazon lead the wave of spending.
- Trump credits his policies, but many investments were already planned.
- AI and data center expansion will define the next phase of U.S. tech growth.
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