KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
Astera Labs (ALAB) +19.35% | Navitas (NVTS) +24.74% After large-cap chip stocks took the spotlight, small-cap semis are now stealing the show —led by Astera Labs and Navitas Semiconductor , both closely tied to NVIDIA’s AI expansion . What’s Fueling the Rally? Astera Labs Powers NVIDIA’s AI platforms (HGX, Blackwell) with PCIe, CXL & NVLink connectivity Rumored to win AWS Trainium 4 I/O Die deal (replacing Marvell) Scorpio Switch Line (Scorpio P & X) could rival NVLink—expanding TAM to $12B by 2028 Expected to ramp in 2H 2025 , with Scorpio X entering mass production in 2026 Navitas Develops high-efficiency GaN & SiC power chips for next-gen AI data centers Partners with NVIDIA to support 800V high-density architectures Rotation in Play? Market watchers speculate: Is this just the beginning of a small-cap semiconductor breakout , or time to take profits ? 🟩 Better growth runway? 🟨 Easy money is gone? ?...