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...
Market Milestone
Nvidia (NVDA) shares surged 4.3% to hit a record high of US$154.31, pushing its market cap to an astonishing US$3.77 trillion — dethroning Microsoft as the world’s most valuable company.
This milestone marks a 63% rally from April's low, adding nearly US$1.5 trillion in value. This isn't just a spike; it's the latest chapter in Nvidia's AI dominance story.
Why It Matters
Recent earnings results showed Nvidia's growth engine is still roaring, even amid China chip restrictions. With major clients like Microsoft, Meta, Alphabet, and Amazon continuing to invest heavily in AI infrastructure, Nvidia remains deeply embedded in the ecosystem.
Valuation Check
Despite its surge, Nvidia still trades at:
31.5x forward earnings, below its 10-year average.
PEG ratio at 0.9, the lowest among the "Magnificent Seven."
That means: High growth, fair valuation — a rare combo.
Ownership Gap = Upside Potential?
Only 74% of long-only funds hold Nvidia vs. 91% for Microsoft. This under-ownership could unlock more institutional buying ahead.
MoneyMaster Take — Key Insights:
Nvidia has reclaimed the crown as the world’s top stock.
Strong AI tailwinds and customer demand are driving growth.
Valuation remains attractive relative to its peers.
Institutional ownership still has room to grow.
Our Move:
If you're bullish on AI, Nvidia remains a prime candidate for long-term growth. Keep an eye on its next earnings, but don’t wait too long — opportunities like this don’t stay undervalued forever.
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