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Nvidia’s 75% Margin Sets the AI Profitability Bar — But Rivals Are Closing In

Quick Summary Nvidia posted a 75.2% adjusted gross margin , among the highest in Big Tech AI hyperscalers plan  US$650B capex in 2026 , much flowing to Nvidia Rivals like  AMD, Alphabet and Amazon  are gaining traction Long-term margin sustainability remains the key investor question Margins Steal the Show While investors already expected strong demand,  NVIDIA Corp  surprised with something even more impressive: Adjusted gross margin of 75.2% , the highest since late 2024 — and management expects similar levels next quarter. For a nearly  US$5 trillion company , that margin signals extraordinary pricing power in AI hardware. AI Spending Wave Still Intact AI hyperscalers are forecasting  ~US$650 billion in capex for 2026 , up roughly 60% from 2025. Nvidia remains the primary beneficiary as demand for data centre GPUs continues to surge. But maintaining 75% margins depends on two big factors: 1️⃣  Supply Constraints Rising memory costs remain a ris...
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FBM KLCI Slips 0.39% to 1,740.94 as Losers Outpace Gainers

Market Snapshot (Feb 26, 2026)

  • FBM KLCI: 1,740.94 (-0.39%)

  • FBM Mid 70: -0.40%

  • FBM Small Cap: -0.90%

  • FBM ACE: -0.78%

  • Total gainers: 367

  • Total losers: 746

  • Total trading value: RM4.07 billion

Market breadth was negative, with losers more than double gainers.

Key Index Performance

Despite the daily dip, the FBM KLCI remains up 3.62% year-to-date, while:

  • FBM Mid 70: +5.33% YTD

  • FBM Small Cap: +0.59% YTD

  • FBM ACE: -2.22% YTD

Top Movers (FBM KLCI)

Gainers

  • Sunway Bhd +1.88%

  • AMMB Holdings Bhd +1.68%

  • Gamuda Bhd +1.67%

  • PETRONAS Dagangan Bhd +1.46%

Decliners

  • Malayan Banking Bhd -2.91%

  • Telekom Malaysia Bhd -3.74%

  • MR D.I.Y. Group (M) Bhd -4.35%

  • YTL Corp Bhd -2.04%

Most Active Stocks

  • Malayan Banking Bhd – 68.6 million shares traded

  • Aquawalk Group – 75.9 million shares

  • Public Bank – 57.4 million shares

Top Gainers by Value

  • Sunway Construction Group Bhd +RM0.35

  • PETRONAS Dagangan Bhd +RM0.32

  • Nestle (Malaysia) Bhd +RM0.30

Top Losers by Value

  • Dutch Lady Milk Industries -RM0.88

  • Malayan Banking Bhd -RM0.36

  • Telekom Malaysia Bhd -RM0.29

Ringgit Performance

  • USD/MYR: 3.8890 (+4.40% YTD)

  • SGD/MYR: 3.0772 (+2.58% YTD)

Bottom Line

Bursa Malaysia closed lower as profit-taking in heavyweight banking and telecom stocks dragged the index.

While year-to-date performance remains positive, Thursday’s session reflected cautious sentiment with broader weakness across mid- and small-cap segments.

Investors may watch for:

  • Bank earnings follow-through

  • Commodity price movements

  • Regional market cues

Key Takeaways

  • FBM KLCI down 0.39%

  • Losers outpaced gainers significantly

  • Banking stocks weighed on index

  • Ringgit steady against USD

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