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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.

Microsoft Expands AI Ambitions With Healthcare Push and Harvard Partnership

 Key Takeaway Microsoft is accelerating its artificial intelligence ambitions beyond OpenAI by targeting the healthcare sector — a move aimed at differentiating its Copilot assistant and asserting greater technological independence. Strategic Partnership With Harvard Microsoft is collaborating with  Harvard Medical School’s Health Publishing division  to integrate medically verified content into  Copilot’s next major update , expected as soon as this month. The update will enable Copilot to deliver  credible, practitioner-grade health responses  to users. Microsoft will pay  Harvard a licensing fee  for access to its medical database. The new feature aims to help users manage chronic conditions like  diabetes , providing trustworthy information tailored to individual literacy and language needs. Dominic King , VP of Health at Microsoft AI, said the goal is to ensure users receive  accurate, responsible healthcare information . Copilot’s ...

Baidu Soars on AI Optimism

 Key Takeaways Stock surge : Baidu shares jumped  16% in Hong Kong , adding  US$6.4b in market value , biggest gain since March 2022. Analyst upgrades : Arete flipped from  sell  to  buy ; Citi and Goldman also turned bullish on Baidu’s AI growth prospects. Chip & cloud catalysts : Mass production of Baidu’s Kunlun AI chips and new China Merchants Group partnership expected to boost revenue. AI model upgrade : New Ernie X1.1 shows “significant improvements,” even surpassing some DeepSeek benchmarks. Baidu Rides AI Hype Baidu’s shares surged on Wednesday as analysts highlighted the company’s  AI chip and cloud opportunities . The rally came after  Arete Research  upgraded Baidu from  sell  to  buy , reversing its lone bearish stance since May. Options Activity Jumps Investor enthusiasm spread to the derivatives market, with  170,000 contracts traded  — more than triple the 20-day average — showing bets on further u...

Amazon Unveils First Quantum Computing Chip, Ocelot, to Tackle Error Correction Challenges

Amazon Joins the Quantum Computing Race Amazon Web Services (AWS) has introduced its first-ever quantum computing chip, Ocelot , marking a significant step in quantum error correction. The chip aims to cut quantum computing error-reduction costs by up to 90% , according to the tech giant. Race for Quantum Dominance Heats Up Amazon’s announcement follows Microsoft's recent claim of a quantum breakthrough  and  Google's unveiling of its Willow quantum chip  in December. The competition among tech giants  underscores the push to solve one of quantum computing's biggest hurdles— error correction . How Ocelot Works Ocelot is a prototype, not a full-scale quantum system , designed to test error correction techniques. Quantum computers use qubits , which are highly sensitive to environmental noise, causing computational errors. Amazon's approach to quantum error correction will be key to scaling quantum systems for real-world applications. Potential and Skepticism Experts r...

Ciena Shares Surge 15% Despite Missing Earnings Estimates

Ciena (CIEN)  stock experienced a significant rally on Thursday, climbing  15.70%  to $84.70 in mid-morning trading, buoyed by  upbeat forward guidance  despite falling short of Wall Street's earnings expectations for the fiscal fourth quarter. Quarterly Performance Highlights : Earnings Miss : Adjusted earnings came in at  54 cents per share , below analysts’ consensus estimate of  65 cents , according to FactSet. Revenue Beat : Quarterly revenue reached  $1.12 billion , surpassing the estimated  $1.1 billion . Margin Decline : Gross margin fell to  40.9% , down from  43.1%  a year ago, reflecting pricing pressure or cost increases. CEO Commentary : Gary Smith , CEO of Ciena, expressed confidence in the company’s  technology leadership  and positive  industry dynamics : “Our Q4 revenue and strong order flow reflect our significant and increasing technology leadership.” The growing demand for  Cloud and AI-d...