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.
Micron Technology Inc. (NASDAQ: MU) projects a substantial revenue surge from high bandwidth memory (HBM) sales, with expectations to leap from hundreds of millions in FY2024 to billions in FY2025. This forecast aligns with Micron’s broader ambitions to match its HBM market share with its overall DRAM market share by CY2025, according to CEO Sanjay Mehrotra during the Q3 FY2024 earnings call. Key Highlights: Revenue Projections: Micron’s HBM sales are set to soar, anticipating billions in revenue by FY2025, a significant jump from the previous fiscal year. Customer Base: Nvidia (NASDAQ: NVDA) stands as a key customer, particularly for Micron's HBM3E. Product Development: The company is advancing its HBM technology, working on HBM4 and HBM4E models. Market Dynamics: The tight supply of DRAM and NAND memory for CY2024 is expected to enhance profitability and ROI, critical for future investments. AI Demand: Increasing demand for AI PCs, AI smartphones, and dat...