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Market Daily Report: Bursa Malaysia Ends Lower as Investors Eye US Data, BOJ Decision

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...
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AMD Stock Jumps as Analyst Sees Strong AI Chip Growth and $210 Price Target

Advanced Micro Devices (AMD) shares climbed over 4% to $173.14 after UBS boosted its price target to $210 from $150, citing rising confidence in AMD’s AI semiconductor business.

Key Points

  • UBS Analyst Timothy Arcuri: Reaffirmed Buy rating, forecasting 21% upside and stronger-than-expected Q2 results driven by PC and server demand.

  • AI Chip Momentum: AMD’s new Instinct MI350X and MI355X GPUs could fetch around $25,000 per unit, exceeding market expectations.

  • Revenue Outlook: Arcuri estimates AMD’s data center GPU business could hit an annualized $10B by year-end.

Strategic Edge

  • AMD’s acquisition of ZT Systems in March adds rack-scale server design capabilities, allowing AMD to deliver full-stack AI systems competing with NVIDIA’s end-to-end solutions.

  • The AI market’s pivot to rack-scale infrastructure is a key driver behind the bullish outlook.

Market Context

  • AMD stock is up 43% year-to-date, fueled by AI demand and strong data center prospects.

  • NVIDIA (NVDA) also gained 1.9% as investors continue to bet on the AI hardware boom.

Bottom Line: AMD is strengthening its position in the AI chip race, and analysts now see double-digit upside potential as the company targets multi-billion-dollar GPU revenue with its new Instinct series.

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