Malaysia's technology stocks performed strongly on Thursday, with the Technology Index rising 2.5%. This surge was driven by the global semiconductor industry's recovery and the booming demand for Artificial Intelligence (AI). Investors remain optimistic about the sector's prospects, anticipating continued growth from increased digitalization and technological advancements.
Malaysia's technology sector demonstrated a robust performance on Thursday, with the Technology Index surging 2.5%, making it one of the best-performing sectors of the day. This strong momentum was largely attributed to the ongoing recovery of the global semiconductor industry and the explosive growth in demand for Artificial Intelligence (AI)-related technologies. Local tech companies such as Inari Amertron Bhd and Malaysian Pacific Industries Bhd benefited from increased orders for chip fabrication and assembly and testing services, with their share prices rising by 3.2% and 2.8% respectively. Analysts note that as global digital transformation accelerates and demand for high-performance computing and AI hardware escalates, Malaysia, as a crucial link in the semiconductor supply chain, is poised for continued growth in its technology sector over the coming quarters. However, global supply chain disruptions and geopolitical risks remain potential challenges.
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