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Applied Materials shares fell 5% in premarket trading despite beating revenue forecasts, as investors growing impatient with growth rates demand clearer evidence the company is outpacing competitors in the semiconductor equipment market.
Bursa Malaysia opened weakly despite crude prices surging past $95 a barrel, with the FBM KLCI gaining just 3.01 points to 1,714.38 as investors weighed Middle East tensions against concerns over Big Tech's capital expenditure plans.
Apple has reclaimed the title of world's most valuable company, surpassing Nvidia at $4.88 trillion as market sentiment around artificial intelligence investment undergoes significant realignment.