KUALA LUMPUR, Sept 28 (Bernama) -- Bursa Malaysia ended marginally lower on Monday amid selling activity as the market lacked fresh catalysts to spur investors’ buying interest, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.60 points, or 0.09 per cent, to 1,670.02, from Friday’s close of 1,671.62. The benchmark index, which opened 0.93 of-a-point higher at 1,672.55, moved between 1,668.61 and 1,674.11 throughout the trading session. Market breadth was negative as losers surpassed gainers 748 to 388, while 517 counters were unchanged, 1,271 untraded and 91 suspended. Turnover slipped to 3.11 billion units worth RM2.40 billion from 4.07 billion units valued at RM2.69 billion on Friday.
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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