KUALA LUMPUR (Nov 12): Shares related to data centre investments in Malaysia fell on Thursday, led by YTL Power International Bhd (KL:YTLPOWR), amid reports of renewed turmoil at Nvidia.
YTL Power alone lost over RM3 billion in market capitalisation as shares of the multi-utilities firm resumed their decline, dropping 39 sen or over 8% to RM4.40. Nearly 41 million shares changed hands, making YTL Power one of the most actively traded stocks on Bursa Malaysia.
The company, now valued at RM38 billion, is a data centre partner of Nvidia and operates a facility powering artificial intelligence in Johor equipped with some of the US chipmaker's latest chips.
The declines follow news reports of another extramarital affair of Nvidia chief executive Jensen Huang, this time with a company executive who reported to him. The Wall Street Journal reported that Nvidia was preparing to oust Huang as the American chip giant’s stock continued to fall.
The latest reports come even as Nvidia was reeling from revelation over the weekend about Huang’s affair with a suspected Chinese spy accused of helping entities circumvent American restrictions on imports of high-performance chips to China.
YTL Corp Bhd (KL:YTL) extended its losses and declined nine sen or 4.6% to RM1.89, valuing the parent company of YTL Power at RM22 billion.
NationGate Holdings Bhd (KL:NATGATE), a contract manufacturer for Nvidia, retreated nine sen or 4.81% to RM1.78.