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.
Advanced Micro Devices (AMD) shares climbed over 4% to $173.14 after UBS boosted its price target to $210 from $150, citing rising confidence in AMD’s AI semiconductor business . Key Points UBS Analyst Timothy Arcuri: Reaffirmed Buy rating, forecasting 21% upside and stronger-than-expected Q2 results driven by PC and server demand. AI Chip Momentum: AMD’s new Instinct MI350X and MI355X GPUs could fetch around $25,000 per unit , exceeding market expectations. Revenue Outlook: Arcuri estimates AMD’s data center GPU business could hit an annualized $10B by year-end. Strategic Edge AMD’s acquisition of ZT Systems in March adds rack-scale server design capabilities, allowing AMD to deliver full-stack AI systems competing with NVIDIA’s end-to-end solutions. The AI market’s pivot to rack-scale infrastructure is a key driver behind the bullish outlook. Market Context AMD stock...