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...
Alphabet and Broadcom extended gains in overnight US trading after reports that Meta Platforms is weighing a multi-billion-dollar investment in Google’s TPU chips — a move that could reshape spending patterns across the AI-hardware landscape. Nvidia, in contrast, slipped as investors reassessed competitive risks.
Alphabet jumped nearly 3%, while Broadcom advanced close to 2%, following a report by The Information that Meta may deploy Google’s tensor processing units (TPUs) across future data-center expansions. The development signals growing interest in alternative AI accelerators as large-scale platforms diversify away from single-supplier GPU dependence.
Nvidia fell almost 2%, with traders eyeing potential pressure on GPU demand should Meta allocate more capex toward Google’s custom silicon ecosystem.
Separately, SanDisk climbed nearly 8% after being added to the S&P 500, extending its recent momentum as passive inflows and index-tracking funds adjust holdings.
Key Takeaways
• Alphabet + Broadcom Rally — Alphabet rose almost 3% and Broadcom gained nearly 2% on optimism around Google’s TPU adoption.
• Meta’s Potential Billion-Dollar Pivot — Meta is reportedly considering major investment in Google’s AI chips for data centers.
• Nvidia Softens — Shares slipped nearly 2% as competitive dynamics in AI hardware widen.
• SanDisk Surges — Added to the S&P 500, the stock jumped nearly 8% on index-related buying.
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