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.
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? ?...