KUALA LUMPUR, Jan 7 (Bernama) -- Bursa Malaysia’s benchmark index rebounded from earlier losses to close at its intraday high on Wednesday, gaining 0.27 per cent in late trading as buying interest returned to selected heavyweights. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.48 points to 1,676.83 from Tuesday’s close of 1,672.35. The benchmark index opened 0.88 of-a-point lower at 1,671.47 and subsequently hit a low of 1,665.94 during the mid-morning session before gaining momentum toward closing. On the broader market, losers led gainers by 565 to 512, while some 526 counters were unchanged, 1,046 untraded, and 10 suspended. Turnover improved to 2.73 billion units worth RM2.76 billion versus Tuesday’s 2.66 billion units worth RM2.76 billion. Dealers said that investors were cautious following geopolitical developments in Asia.
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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