KUALA LUMPUR, July 9 (Bernama) -- Bursa Malaysia closed lower on Thursday as renewed geopolitical tensions in West Asia weighed on investor sentiment. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.97 points, or 0.36 per cent, to 1,677.64 from Wednesday's close of 1,683.61. The benchmark index opened 2.62 points lower at 1,680.99, and moved between 1,676.18 and 1,683.80 throughout the session. However, market breadth was slightly positive, with gainers leading losers 533 to 504, while 547 counters were unchanged, 1,112 untraded, and 12 suspended. Turnover slipped to 2.64 billion units valued at RM2.19 billion from 2.96 billion units valued at RM2.18 billion on Wednesday.
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.
Comments
Post a Comment