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...
Tesla (TSLA) surged over 4% Monday after Elon Musk announced that Samsung will manufacture the EV maker’s next-generation AI6 chips. The decision pushed TSMC (TSM) down about 1.2% as Tesla passed on using its fabrication services for the project.
Key Highlights
Tesla Stock: Rose to $328.00 after the announcement, reversing some of last week’s post-earnings losses.
Samsung: Shares in South Korea jumped 6.8% on news its Texas fab will be dedicated to Tesla’s AI chips.
TSMC: Dropped 1.2% to 242.65 as investors priced in lost Tesla chip orders.
Musk called the move “strategically critical,” noting that Tesla will actively assist Samsung in ramping production and efficiency:
“Samsung’s giant new Texas fab will be dedicated to making Tesla’s next-generation AI6 chip. The strategic importance of this is hard to overstate.”
Why It Matters
The AI6 chips will power Tesla’s vehicles and Optimus humanoid robots, which the company plans to roll out in large quantities starting next year.
Tesla and Musk’s xAI also heavily rely on NVIDIA (NVDA) GPUs for AI training, keeping NVDA demand strong.
Market Context
Tesla shares had been down ~5% after weak Q2 earnings and Musk’s warning of “rough quarters” ahead amid fading U.S. EV subsidies.
Daiwa cut its 2025 EPS forecast for Tesla to $1.55 (from $1.90), maintaining a Hold rating with a $300 price target.
Bottom Line: The Samsung deal gives Tesla a dedicated AI chip supply chain in the U.S., boosting investor sentiment and signaling Musk’s push to scale both autonomous driving and robotics despite short-term headwinds.
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