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Market Daily Report: Bursa Malaysia Ends Lower On Profit-taking In Plantation Stocks

KUALA LUMPUR, Sept 4 (Bernama) -- Bursa Malaysia ended lower on the final trading day of the week, weighed down by the plantation sector as investors locked in gains following its recent strong performance. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 7.03 points 1,708.10, compared with yesterday’s close of 1,715.13. The benchmark index opened 1.39 points lower at 1,713.74 and fluctuated between 1,704.86 and 1,715.20 throughout the day. The broader market was negative with losers outnumbering gainers 568 to 523, while 596 counters were unchanged, 1,085 untraded and 19 suspended. Turnover expanded to 4.33 billion units valued at RM2.98 billion from 3.90 billion units valued at RM3.21 billion on Thursday. 

Amazon Joins AI Chip War as Crypto Miners Pivot to Power the Boom — But Bubble Fears Are Rising

 Amazon has officially stepped deeper into the  AI arms race , launching  Trainium 3 , a new chip built to challenge Nvidia’s dominance in the GPU market. The latest hardware — available through Amazon Web Services — promises  4x faster model training  than its predecessor while using the  same energy footprint . Each cluster of Amazon’s new “UltraServers” can run up to  144 Trainium 3 chips , enabling large-scale LLM training at hyperscaler level. The move positions Amazon directly against  Google and Nvidia , both of which dominate today’s AI infrastructure landscape. Google’s lead in the AI model race has reportedly pushed  OpenAI CEO Sam Altman  into a “code red” mode. Crypto Miners Become AI’s New Powerhouses The AI boom has created a problem even Big Tech struggles with:  massive energy and space requirements . Enter crypto miners — companies already running large-scale, power-heavy data centers. After the  2024 Bitcoin h...