Skip to main content

Posts

Showing posts with the label chip industry

Featured Post

Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.
Post a Comment
Read more

Tech Stocks Dominate 2024: A Record-Breaking Year for U.S. Markets

U.S. stocks have reached  historic highs  in 2024, driven by the  AI boom , Federal Reserve rate cut expectations, and the onset of the  'Trump 2.0' era.  The year has seen all three major indices soaring, with the  Dow Jones Industrial Average (.DJI.US)  crossing 45,000 points, the  S&P 500 Index (.SPX.US)  surpassing 6,000, and the  Nasdaq Composite Index (.IXIC.US)  topping 20,000 for the first time. Key Highlights: Tech Sector Leads:  Information Technology surged  65% , making it the  top-performing sector , followed by Utilities, which gained  48.4% . AI-Driven Gains: $Applovin (APP.US) , a leader in AI advertising, rose over  700% , outpacing even  $NVIDIA (NVDA.US) . $Palantir (PLTR.US)  climbed more than  310% , fueled by growing adoption of AI analytics. Chip Industry Strength: $NVIDIA (NVDA.US)  gained  170% , with its market cap briefly exceeding $3 trillion, making i...
Post a Comment
Read more

Japan Unveils $65 Billion Plan to Boost Domestic Chip Industry

  Japan’s government plans a $65 billion multi-year initiative to strengthen its domestic chip industry through subsidies and financial support , according to a draft seen by Reuters. The ¥10 trillion proposal aims to secure Japan’s position in the global chip supply chain amid rising US-China trade tensions . The plan, set to be submitted in the next parliamentary session, targets chip foundry Rapidus and AI chip suppliers . Rapidus, partnering with IBM and Imec , is expected to begin mass production of advanced chips in Hokkaido by 2027 . This initiative is part of a broader economic package, expected to gain cabinet approval on Nov 22 , which calls for ¥50 trillion in public and private investment in the chip sector over the next decade. The government estimates an economic impact of ¥160 trillion from this investment.
Post a Comment
Read more