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.
As Nvidia briefly touched a jaw-dropping $4 trillion market cap, many investors wonder: is this just the beginning? Valuation Still Reasonable Despite the massive run-up, Nvidia's forward PE ratio is expected to retreat to the low 40s with upcoming earnings — not outrageous for a company spearheading the AI revolution. Beyond Chips: The AI Ecosystem Advantage Nvidia isn’t just selling chips. It’s selling the infrastructure of AI — from GPUs to software stacks. That’s a huge competitive moat. “Nvidia wins because it offers the full toolbox, not just the wrench.” The Robotics Wave Is Coming Nvidia is already exploring AI applications in robotics — giving AI hands, eyes, and a body. This could be the next trillion-dollar frontier. Global Expansion to Hedge Geopolitics While China remains a tricky market, Nvidia is diversifying into Europe and the Middle East. CEO Jensen Huang’s strategy to dilute geopolitical risk is a smart long-term move. What About AMD and Others? AMD may of...