KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia ended at its intraday low on Thursday as investor sentiment remained cautious amid ongoing foreign outflows, although the recent weakness may present bargain-hunting opportunities in fundamentally sound blue-chip counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.33 points, or 0.54 per cent, to 1,708.36, from yesterday’s close of 1,717.69. The benchmark index, which opened 3.74 points higher at 1,721.43, hit an intraday high of 1,722.50 in early trade before losing momentum for the rest of the day. Market breadth was negative, with losers outpacing gainers 656 to 508, while 565 counters were unchanged, 989 untraded and 32 suspended. Turnover fell to 3.49 billion units worth RM3.70 billion compared with 4.15 billion units worth RM4.29 billion on Wednesday.
Quick Summary Nvidia has halted talks to invest up to US$100 billion in OpenAI , according to WSJ Internal concerns at Nvidia reportedly stalled the deal Partnership may still continue at a much smaller scale Raises fresh questions about AI investment sustainability What Happened NVIDIA Corp has stopped negotiations on a planned US$100 billion investment in OpenAI , exposing a potential rift between two of the most influential players in artificial intelligence, the Wall Street Journal reported. The talks reportedly broke down after internal concerns emerged within Nvidia , prompting both sides to rethink the structure of their partnership. From Mega-Deal to Scaled-Back Option The original plan, announced in September via a letter of intent , envisioned: US$100B investment Construction of new AI data centres Up to 10 gigawatts of computing power — roughly equal to New York City’s peak electri...