KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
SMCI: Riding the AI Boom 🤖
Super Micro Computer (SMCI) is seizing the AI wave, with plans to expand manufacturing in Europe to meet soaring demand for AI servers.
Key Highlights:
Boosting AI server production to serve Europe’s growing market
Already manufacturing in the Netherlands; eyeing new locations
Global demand for AI infrastructure is expected to grow for years
Powered by Nvidia GPUs, SMCI servers are essential for training & deploying GenAI
CEO Charles Liang: “Demand is not only strong in Europe—it’s global.”
Stock Performance
YTD Gain: +74.44%
Last Price: US$53.17
Analysts: 9 Buys | 11 Holds | 3 Sells
Highest Target: US$59.00 (Bloomberg)
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