<div class=newsTextDataWrapInner><p>(Oct 5): Nvidia Corp’s price-to-earnings multiple and projected 70% earnings growth for next year demonstrate that artificial intelligence-driven technology stocks remain far from bubble territory, DBS Group chief investment officer Hou Wey Fook said.</p></div>

<div class=newsTextDataWrapInner><p>Nvidia trades at 17 times its 12-month forward earnings, data compiled by <i>Bloomberg</i> showed, which Hou compared to Cisco System Inc’s 100 times valuation before the dot-com crash.</p></div>

<div class=newsTextDataWrapInner><p>“If I describe the poster child of AI trading at mid-teens, how can it be a bubble?” he said in a <i>Bloomberg TV</i> interview, adding that there are still “tailwinds to this play on the semiconductor, this play on AI.”</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Still, Hou advocates a “barbell” approach to “control the overall volatility of the portfolio” with AI, pairing technology stocks on the growth side with investment-grade fixed income for income stability, along with hedge funds and gold serving as risk diversifiers in the middle.</p></div>

<div class=newsTextDataWrapInner><p><i>Uploaded by Magessan Varatharaja</i></p></div>


Nvidia Corp’s price-to-earnings multiple and projected 70% earnings growth for next year demonstrate that artificial intelligence-driven technology stocks remain far from bubble territory, DBS Group chief investment officer Hou Wey Fook said.

Nvidia’s valuations show AI rally isn’t a bubble, DBS says

Tens of thousands of demonstrators took to the streets across France on Tuesday, as unions and teachers joined high school students who for days have been demanding better learning conditions in protests punctuated by violent confrontations.

'No future': Thousands mass in France for high school protests

A survey of 1,000 people by the Malaysia Retail Chain Association found that 59% of them were unable to use the one-off RM100 government aid at their preferred shops to buy essentials, while 72% switched stores to do so.

Retailers call for wider access to Sara as 59% of those surveyed unable to use aid at preferred stores

Former Treasury secretary Janet Yellen criticised President Donald Trump’s treatment of US allies, and backed the idea of retaliation for protectionist moves.

Yellen says Trump ‘appalling’ on US allies, backs retaliation

All schools, kindergartens and childcare centres across the Batu Pahat district have been ordered to close from Wednesday, Oct 7, after the air pollutant index (API) reading exceeded 200, reaching the “very unhealthy” level.

Haze: Batu Pahat schools, kindergartens and childcare centres to close as API exceeds 200

Berjaya Corp Bhd (KL:BJCORP) said its main businesses at Berjaya Hills remain fully operational despite enforcement action by the Pahang authorities, and expects no material financial or operational impact from the issue.

Berjaya says core Berjaya Hills businesses unaffected by Pahang enforcement action

A moderate earthquake measuring 5.0 on the Richter scale struck the waters off Sandakan at 9.11pm on Tuesday.

Magnitude 5.0 earthquake strikes waters off Sandakan

Nvidia Corp is on the verge of becoming the first company with a US$6 trillion (RM24.5 trillion) market capitalisation as investors rotate back into the artificial-intelligence (AI) chipmaker after a disappointing start to the year.

Nvidia soars near US$6 tril market cap with stock back at high

Uber Technologies said on Tuesday it would buy US catering platform ezCater in an all-cash deal for US$2.3 billion (RM9.4 billion), its latest move to strengthen delivery, the company's fastest-growing business segment.

Uber bets US$2.3b on ezCater to narrow gap with DoorDash

Citigroup estimates Meta's AI assistant Muse could generate more than US$27 billion (RM110.3 billion) in revenue by 2030 as strong user adoption and growing engagement reinforce the platform's first-mover advantage in the emerging personal agent market.

Citigroup bets on Meta's Muse as AI's 'front door to the internet'

The benchmark S&P 500 and the Nasdaq hit record highs on Tuesday as Treasury yields eased from multi-year highs and oil prices fell, while investors looked ahead to the upcoming quarterly earnings season.

S&P 500, Nasdaq touch new peaks as Treasury yields cool, oil slips

<p>THE ongoing issues at digital services and technology infrastructure provider Zetrix AI Bhd (KL:ZETRIX) could be a long-drawn affair, with managing director Wong Thean Soon, better known as TS Wong, likely to seek legal recourse after recent developments at the company ravaged its share price.</p...

TS Wong could seek legal recourse over issues at Zetrix

<p>Top Glove Corporation Bhd (KL:TOPGLOV) said it is confident of weathering headwinds ahead after earnings jumped nearly five times in the recently ended quarter, sending its shares higher.</p>


Ray Dalio warns China, Japan may pull back from US Treasuries

<p>Zetrix AI Bhd (KL:ZETRIX) said the exact amount it owes the Road Transport Department (JPJ) is still being finalised between the two parties, a day after Transport Minister Anthony Loke Siew Fook said the company had accumulated RM314 million in unpaid remittances.</p>


Zetrix says still finalising amount owed to JPJ after Loke reveals RM314m arrears

<p>Scientex Bhd (KL:SCIENTX) is acquiring 503 acres in Pulai, Johor, for RM580 million to boost the property developer’s land bank.</p>


Scientex to acquire 503 acres in Johor for RM580 mil

<p>CIMB Group Holdings Bhd (KL:CIMB) is exploring a sale of its business in the Philippines as part of efforts to streamline and focus on bigger markets for growth, according to people with knowledge of the matter.</p>


CIMB considers selling Philippine business — Bloomberg

<h2>Notable filings</h2>

<p>During the week of Sept 14 to 18, notable shareholding changes among Bursa Malaysia-listed companies included those at <strong>D&amp;O Green Technologies Bhd</strong> (KL:D&amp;O), where pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP) ceased to be a substan...

Insider Moves: D&O Green Technologies Bhd, EI Power Bhd, MQ Technology Bhd, Sealink International Bhd, Zetrix AI Bhd

<p>KUALA LUMPUR (Oct 6): Investors in an agarwood scheme promoted by Asian Plantation Capital (APC) not only failed to receive any returns on their investment but also didn't see purchase money returned to them, the court heard on Tuesday.</p>


Another dispute over agarwood scheme begins trial, investors say no ROI, purchase sum not returned

<p>Top Glove Corp Bhd (KL:TOPGLOV) expects an even better FY2027 after its net profit tripled in the financial year ended Aug 31, 2026 (FY2026).</p>


Top Glove expects an even better FY2027 after strong FY2026

<p>CHINA’s National Food Safety Standard, which includes the Code for the Control of 3-MCPD Esters and Glycidyl Esters in Foods, came into effect on Sept 2, a year after it was issued. According to the Malaysian Palm Oil Council (MPOC), the standard is not expected to have an immediate impact on Mal...

China’s food safety code throws a curveball at palm oil industry

<p>United Overseas Bank (Malaysia) Bhd (UOB Malaysia) chief executive officer Datuk Ng Wei Wei&nbsp;climbed 10 rungs to 85th place in this year's Fortune’s Most Powerful Women Asia ranking. &nbsp;&nbsp;</p>


UOB Malaysia CEO Ng Wei Wei climbs 10 rungs in Fortune’s Most Powerful Women Asia ranking

<p>The Federal Land Development Authority (Felda) and its investment arm, Felda Investment Corporation Sdn Bhd (FIC), claim that 21 individual had conspired to defraud them of over RM1 billion in land and exposed them to RM1.7 billion in potential liabilities through&nbsp;the Kuala Lumpur Vertical City (KLVC) project.</p>


Felda claims over RM1b fraud in Semarak land project as suit hearing begins after nearly seven years

<p>U Mobile Sdn Bhd has achieved 90% coverage of populated areas (CoPA) nationwide, nine months ahead of schedule, said Communications Minister Datuk Seri Fahmi Fadzil.</p>


Fahmi: U Mobile 5G coverage hits 90%, nine months ahead of schedule

<p>The World Bank has agreed that certain elements of the goods and services tax (GST) should be implemented into Malaysia’s sales and service&nbsp;tax (SST) to address its distortionary features.</p>


World Bank supports Malaysia’s possible integration of GST elements into SST 

<p>The monsoon transition phase is expected to begin on Friday, Oct 9, and continue until late October, marking the end of the Southwest Monsoon, which began on May 14.</p>


Monsoon transition phase starting Friday expected to bring heavy rain, gradually diminish haze

<p>Sunway Malls has leased 80% of Sunway Ipoh Mall and confirmed 25 brands for the mall, including seven anchor tenants and nine brands making their Perak debut.</p>


Sunway Ipoh Mall 80% leased, 25 tenants confirmed ahead of 4Q2027 opening

<p>Greenpeace has identified more than 20 palm, pulp and sugar companies, including several with links to Malaysia and Singapore, whose land concessions contained sources of smoke from fires that have ravaged Indonesia in recent months.</p>


Greenpeace links 20 agricultural firms to Indonesian fires

<p>The Dewan Rakyat on Tuesday approved amendments to legislation that would empower the youth and sports minister to revoke the registration of sports bodies deemed harmful to national security, public order or morality.</p>


Dewan Rakyat approves bill giving minister authority to revoke sports bodies amid concerns about 'absolute power'

<p>theedgemalaysia.com highlighted two stocks with positive momentum and six stocks with negative momentum at Bursa Malaysia’s afternoon close on Tuesday.&nbsp;</p>


Stocks with momentum on Oct 6, 2026: Asteel, Cnergenz, Bus Cap, Cypark, Divfex, FoundPac, JF Tech & JHM

<h3><span style="color:#d35400;">Banking</span></h3>

<p><span style="color:#27ae60;"><strong>POSITIVE</strong></span></p>

<p><strong>BIMB SECURITIES RESEARCH (Sept 22):</strong> Global bond markets experienced higher yields amid tighter US monetary policy and higher-for-longer interest rates. ...