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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.
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CoreWeave’s AI Data Center Could Double a Texas City’s Power Demand

AI boom = ⚠️ Power strain. In  Denton, Texas  (pop. 150,000), one AI data center by  CoreWeave  is expected to  double the city’s electricity needs. This isn’t just a tech story—it’s a  grid challenge . Local utilities are warning:  “This is lucrative… but risky.” But here’s what’s different: Unlike many mega-projects,  CoreWeave isn’t getting local tax breaks . Denton stands to gain  hundreds of millions  in new tax revenue, based on exclusive projections. Big power. Big money. Big questions. Can Texas handle the AI energy surge?
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Power Play: Why CoreWeave Is Buying Core Scientific in a $9B AI Infrastructure Bet

CoreWeave Inc. , a rising player in AI data centers, is acquiring  Core Scientific Inc.  in a bold  $9 billion all-stock deal  to take control of the power backbone critical for artificial intelligence infrastructure. The Strategy Behind the Deal CoreWeave  has long relied on  Core Scientific  to support its infrastructure needs. With AI workloads demanding massive energy,  owning 1.3 gigawatts of power  across Core Scientific’s facilities gives CoreWeave greater control and scalability. The acquisition is expected to  cut costs , eliminate lease expenses, and streamline operations. “Owning this foundational layer enhances our performance as we unleash AI’s full potential.” –  Michael Intrator, CEO, CoreWeave Why Stocks Dropped CoreWeave (CRWV)  fell 3.3% due to  shareholder dilution  from the all-stock nature of the deal. Core Scientific (CORZ)  plunged 17.6% as investors questioned the  valuation  and...
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