KUALA LUMPUR, Aug 14 (Bernama) -- Bursa Malaysia closed lower on Friday, even as utilities, healthcare, and financial services sectors saw increased buying interest following the release of Malaysia’s second-quarter (2Q) gross domestic product (GDP) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 7.32 points to 1,727.39 compared with Thursday’s close of 1,734.71. The benchmark index opened 0.01 of a point higher at 1,734.72 and fluctuated between 1,726.77 and 1,734.72 throughout the day. On the broader market, losers trounced gainers 619 to 538, while 554 counters were unchanged, 1,117 untraded and 29 suspended. Turnover eased to 3.50 billion units valued at RM2.59 billion from 3.51 billion units valued at RM3.05 billion on Thursday. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said FBM KLCI closed lower despite Malaysia’s stronger-than-expected 6.0 per cent GDP growth in 2Q 2026, underscoring the market’s forward-looki...
Summary Broadcom delivered strong results, but the stock fell ~13% because expectations were even higher. The issue wasn’t weak numbers — it was not beating the “AI hype expectations.” What Happened Broadcom reported a strong quarter: Revenue: $22.19B ( +48% YoY ) Net Income: $12.07B ( +55% YoY ) AI semiconductor revenue: $10.8B ( +143% YoY ) Margins remained strong (Operating margin ~67%) On paper, this is a very powerful AI-driven quarter Why The Stock Still Crashed 1. AI Guidance Didn’t Beat the “Real Expectation” Q3 AI revenue guided: $16B Market expected: ~$16.3B+ Even a small miss = big disappointment in AI stocks 2. No Upgrade to Long-Term AI Target 2027 AI revenue target: > $100B (unchanged) Market wanted: “Raise the ceiling” → not just repeat guidance 3. Google Risk (Key Concern) Alphabet Broadcom depends heavily on Google TPU chips Management hinted Google may diversify su...