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.
From Mag Seven to New AI Powerhouses It’s been nearly three years since OpenAI’s ChatGPT reshaped the global economy, and the “Magnificent Seven” — Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla — have dominated markets. They’ve accounted for more than half of the S&P 500’s rally since early 2023. But Wall Street is now questioning whether this group still best represents the AI-driven future. While some of the seven continue to thrive, others are falling behind, making room for a new generation of leaders. Winners and Laggards Within the Mag Seven Strong AI performers : Nvidia, Microsoft, Alphabet, and Meta (shares up 21–33% this year). Struggling names : Apple, Amazon, and Tesla are lagging as AI strategies remain less defined. Analysts argue it’s “hard to see the current Mag Seven as the best representation of AI.” Wall Street’s New Proposals “Fab Four” : Nvidia, Microsoft, Meta, Amazon. “Big Six” : Mag Seven minus Tesla. “Elite 8” : Original seven plus B...