KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
Astera Labs (ALAB) +19.35% | Navitas (NVTS) +24.74% After large-cap chip stocks took the spotlight, small-cap semis are now stealing the show —led by Astera Labs and Navitas Semiconductor , both closely tied to NVIDIA’s AI expansion . What’s Fueling the Rally? Astera Labs Powers NVIDIA’s AI platforms (HGX, Blackwell) with PCIe, CXL & NVLink connectivity Rumored to win AWS Trainium 4 I/O Die deal (replacing Marvell) Scorpio Switch Line (Scorpio P & X) could rival NVLink—expanding TAM to $12B by 2028 Expected to ramp in 2H 2025 , with Scorpio X entering mass production in 2026 Navitas Develops high-efficiency GaN & SiC power chips for next-gen AI data centers Partners with NVIDIA to support 800V high-density architectures Rotation in Play? Market watchers speculate: Is this just the beginning of a small-cap semiconductor breakout , or time to take profits ? 🟩 Better growth runway? 🟨 Easy money is gone? ?...