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Market Daily Report: Bursa Malaysia Closes Higher On Strong Buying Of Blue Chips

KUALA LUMPUR, Feb 11 (Bernama) -- Bursa Malaysia ended higher today as buying on selected blue chips continued, said a brokerage.   At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.85 points or 0.51 per cent to 1,756.39 from Tuesday’s close of 1,747.54. The barometer index opened 3.69 points higher at 1,751.23 before moving as low as 1,745.51 in early trade to as high as 1,757.15 during the mid-afternoon session.  Market breadth was positive with gainers leading losers 575 to 474, while 549 counters were unchanged, 1,087 untraded and 11 suspended. Turnover expanded to 2.55 billion units valued at RM3.06 billion from yesterday’s 2.19 billion units valued at RM2.35 billion.
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US Morning News Call: Big Tech Eyes US$60B OpenAI Deal at US$730B Valuation

Quick Take

US markets opened firmer as Big Tech accelerates AI spending, precious metals hit fresh records, and investors digest a Fed pause signal from Chair Jerome Powell.

Key Market Drivers

  • Federal Reserve held rates steady at 3.5%–3.75%, with Powell signalling no urgency for further rate cuts

  • Big Tech exploring up to US$60B investment in OpenAI, implying a US$730B valuation

  • Gold and silver hit new all-time highs amid safe-haven demand

  • Tesla and Microsoft beat earnings expectations, reinforcing AI-led growth themes

Before the Bell: Futures Snapshot

  • E-mini Nasdaq 100: +0.19%

  • E-mini S&P 500: +0.19%

  • E-mini Dow: +0.06%

Safe-haven assets continued to rally:

  • Gold (XAU/USD): +2.29%

  • Silver (XAG/USD): new record highs

Fed Update: Rates on Hold

The Federal Reserve kept policy unchanged.
Chair Jerome Powell said monetary policy is near neutral, suggesting a pause in rate cuts as the US economy remains resilient.

Key takeaway: Markets see June as the next potential cut, but momentum has cooled.

Big Tech & AI: OpenAI in the Spotlight

  • NVIDIA, Microsoft and Amazon are reportedly discussing a combined US$60B investment in OpenAI

  • Nvidia may commit up to US$30B

  • Amazon could invest over US$10B, potentially expanding cloud and commercial partnerships

  • Separate talks with SoftBank also underway

Implied valuation: ~US$730B, underscoring how central AI has become to Big Tech strategy.

Corporate Earnings Highlights

Tesla

  • Q4 EPS: US$0.50 (beat expectations, -17% YoY)

  • Revenue: US$24.9B (-3.1% YoY)

  • Non-auto revenue now 28% of total

  • Announced US$2B investment in xAI

Microsoft

  • Q2 revenue: US$81.3B (+17% YoY, beat)

  • Gross margin dipped to 68%, but exceeded expectations

Alibaba

  • Secured XPeng and State Grid of China as AI chip clients

  • Cainiao unit merging autonomous-driving arm with Zelos Technology in a deal valued around US$2B

Crypto Check

  • Bitcoin: -1.43% to US$88,026

  • Ethereum: -2.35% to US$2,939

A crypto whale reportedly closed a US$4.5M BTC short, booking US$84,900 profit.

What to Watch: Key Earnings

Before Market

  • Lockheed Martin: Revenue US$19.86B, EPS US$5.75

  • Visa: Revenue US$10.69B, EPS US$3.12

After Market

  • Apple: Revenue US$138.52B, EPS US$2.67

  • Western Digital

  • SanDisk

Bottom Line

AI spending is now the dominant market narrative.
With the Fed on pause, Big Tech doubling down on infrastructure, and gold signalling elevated risk aversion, investors are positioning for slower rate cuts but faster AI-led capital expenditure.

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