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.
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...