KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
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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