KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
Key Takeaways Alibaba secures China Unicom as client for its T-Head AI accelerators , marking early adoption of its in-house chips. Data center deployment: Chips will power Unicom’s new facility in Qinghai, alongside rivals MetaX and Biren. Competitive edge: Alibaba’s chip reportedly offers better memory specs than Huawei’s Ascend 910B , though Huawei is readying an upgraded 910C. Strategic investment: Alibaba committing ¥380B (US$53.5B) over three years into AI infrastructure, aiming to reduce reliance on Nvidia. Deal Significance The deployment at China Unicom’s Sanjiangyuan data center highlights Alibaba’s progress in the domestic semiconductor race. While the scale of adoption remains unclear, state media coverage signals government support and growing recognition of Alibaba’s T-Head unit as a credible player in China’s AI ecosystem. Competitive Landscape Huawei Technologies: Dominates with Ascend series but faces intensify...