Kuala Lumpur - Delayed Quote • MYR CN Asia Corporation Bhd (7986.KL) Follow Compare 0.0650 0.0000 (0.00%) At close: 4:57:22 PM GMT+8 Related News Salesforce CEO Marc Benioff's war of words with Microsoft rages on at Davos Salesforce co-founder and CEO Marc Benioff takes his latest shot at AI rival Microsoft. Nvidia, tech stocks rally after Trump announces $500 billion Stargate AI project Nvidia stock jumped Wednesday, extending gains from the prior day following Trump’s announcement of a massive, $500 billion AI infrastructure project called Stargate. The project will be funded by Oracle, OpenAI and SoftBank. Netflix jumps, AI investments, Amazon's new high: Market Minute Here is a minute's worth of news that is driving the market. Netflix (NFLX) shares are soaring on better-than-expected fourth quarter earnings. The streamer also added a whopping 18.9 million subscribers in the quarter. AI stocks, including Oracle (ORCL), Arm Holdings (ARM), and Nvidia (NVDA), are rising thanks to President Trump's new Stargate initiative, aimed at building out AI infrastructure in the United States. Amazon (AMZN) shares notched a new intraday high. Raymond James raised its price target on the stock citing potential growth from generative AI. Yahoo Finance Reporter Josh Schafer recaps the day's headlines in the Market Minute. This post was written by Stephanie Mikulich. J&J, Procter & Gamble, United Airlines: Earnings movers There are a number of stocks moving on their latest quarterly earnings reports. Johnson & Johnson (JNJ) reported better-than-expected fourth quarter results thanks to the strength in its cancer treatments business. Procter & Gamble (PG)announced second quarter fiscal 2025 results that beat Wall Street estimates on both the top and bottom lines thanks to a rise in volume. United Airlines (UAL) shares soared after delivering fourth quarter results that topped estimates and issuing first quarter guidance that was much higher than expected. Morning Brief Anchors Seana Smith and Brad Smith break down some of the biggest earnings movers of the morning. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Stephanie Mikulich. Microsoft is no longer OpenAI's exclusive cloud provider Microsoft was once the exclusive provider of data center infrastructure for OpenAI to train and run its AI models. No longer. Coinciding with the announcement of Stargate, OpenAI's massive new AI infrastructure deal with SoftBank, Oracle, and others, Microsoft says it has signed a new agreement with OpenAI that gives it "right of first refusal" on new OpenAI cloud computing capacity. That means that, going forward, Microsoft gets first choice over whether to host OpenAI’s AI workloads in the clo Why Netflix's ad tier may be the company's 'growth engine' Netflix (NFLX) reported strong fiscal fourth quarter earnings on Tuesday, beating expectations. Santosh Rao, head of research at Manhattan Venture Partners, joins Market Domination Overtime to share insights on Netflix's strategy, highlighting profitability as a key focus moving forward. Rao suggests that Netflix’s future growth will center on live sports. Rao notes, "That's the biggest trigger for the media companies; that is where the real action is." That Netflix raised its operating margin forecast for the full year to 29% is a "good sign," Rao says, noting that he expects ad revenue to make up for the high cost of live sports down the road. "[Ad tier is] going to pull in a lot of people, it's going to keep people there," Rao explains. "Over time, I expect them to raise prices, that's for sure, because they need to pay for all these expenses ... it's going to be their growth engine for the next few years and probably even surpass the ... paid subscription model." Additionally, Rao expects the ad-supported tier to expand and anticipates price hikes to support content investments and long-term growth. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Josh Lynch Netflix stock surges on Q4 earnings, 2025 guidance Netflix (NFLX) shares skyrocketed in after-hours trading on Tuesday. The streaming giant reported better-than-expected fourth quarter results and raised its 2025 revenue forecast. For the fourth quarter, earnings of $4.27 per share topped Street estimates of $4.18. Revenue of $10.25 billion also topped the Bloomberg consensus estimate of $10.11 billion. Netflix added 18.91 million subscribers in the quarter versus an expected 9.18 million. Netflix also raised its revenue forecast for 2025 to a range of $43.5 billion to $44.5 billion. It had been $43 billion to $44 billion. Market Domination Overtime Anchors Julie Hyman and Josh Lipton report the results in the video above. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Stephanie Mikulich. Musk clashes with OpenAI CEO Sam Altman over Trump-supported Stargate AI data center project Elon Musk is clashing with OpenAI CEO Sam Altman over the Stargate artificial intelligence infrastructure project touted by President Donald Trump, the latest in a feud between the two billionaires that started on OpenAI's board and is now testing Musk's influence with the new presidential administration. Trump on Tuesday had talked up a joint venture investing up to $500 billion through a new partnership formed by OpenAI, the maker of ChatGPT, alongside Oracle and SoftBank. Netflix keeps raising prices. How far can it push before consumers push back? Netflix (NFLX) has mastered the art of striking while the iron is hot. But with its latest price hikes, it faces the challenge of pushing limits without losing viewers. NVIDIA Corporation (NVDA): AI Leadership and Blackwell Growth Amid Challenges We recently published a list of 10 AI News Making Waves on Wall Street. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other AI news making waves on Wall Street. Semiconductor Trends Show AI as a Key Driver Chris Caso, a senior analyst at Wolfe Research, […] Why AI Stocks Broadcom, Lam Research, and Monolithic Power Are Rising Today Shares of many artificial intelligence (AI)-related semiconductor names were moving higher on Wednesday, including Broadcom (NASDAQ: AVGO), Lam Research (NASDAQ: LRCX), and Monolithic Power (NASDAQ: MPWR), which were up 2.6%, 4.1%, and 8.5%, respectively, as of 1:12 p.m. ET. The news lifting all boats in the sector likely had to do with yesterday's announcement of the Stargate data center project by President Donald Trump and a host of other AI technology companies. Why Microsoft Stock Is Jumping Today Microsoft (NASDAQ: MSFT) stock is gaining ground in Wednesday's trading following new artificial intelligence (AI) infrastructure investment news. Yesterday, President Trump held an event at the White House and announced a new private-sector investment initiative designed to bolster the U.S.'s position in artificial intelligence (AI) data centers. The project is kicking off with a $100 billion investment from Softbank, Oracle, and OpenAI and could scale to an investment of up to $500 billion over the next four years. SoftBank Joins OpenAI, Oracle in AI Pact Unveiled by Trump (Bloomberg) -- SoftBank Group Corp., OpenAI, and Oracle Corp. are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpDonations to LA Fire Victims Rise Past $200 Million MarkNY’s Hochul Calls for Law Bannin These Stocks Are Moving the Most Today: Netflix, Oracle, Nvidia, Arm, J&J, Procter & Gamble, Travelers, Seagate, and More Netflix stock soars after strong subscriber gains, Oracle teams with OpenAI and SoftBank in a $500 billion AI infrastructure partnership, and Johnson & Johnson falls after mixed guidance. Why Taiwan Semiconductor Manufacturing Stock Was Climbing Today Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM) were one of several artificial intelligence (AI) stocks moving higher today, a broad response to President Trump's announcement of the new Stargate AI infrastructure project yesterday afternoon. As of 12:27 p.m. ET, TSMC stock was up 2.9%. Yesterday, President Trump announced a new AI infrastructure project called Stargate, bringing together the leaders of Oracle, OpenAI, and Softbank, the Japanese tech mega-investor run by Masayoshi Son, in a joint venture to invest at least $100 billion in new infrastructure to power AI. S&P 500, Nasdaq Rise Intraday Amid Netflix Rally US benchmark equity indexes were higher intraday, with the S&P 500 and the Nasdaq Composite getting Why MSFT Stock Is Climbing Today Microsoft (MSFT) stock is advancing 4% after the tech conglomerate was named as a “tech partner” in the new Stargate AI venture. Additionally, MSFT clarified that the “key elements” of its alliance with OpenAI remain unchanged. Microsoft’s Role in Stargate MSFT indicated that it intends to invest $80 billion in Stargate, the new $500 billion […] Johnson & Johnson (JNJ) Q4 2024 Earnings Call Transcript JNJ earnings call for the period ending December 31, 2024. Why Nvidia, Microsoft, Oracle, Arm, and Other AI Stocks Are Surging Wednesday Shares of Nvidia, Microsoft, Oracle, and other AI-related companies surged Wednesday after the Trump administration’s announcement of a $500 billion joint venture spurred optimism about a rising tide of AI investments. What is The Stargate Project and why does it matter? The $500bn private sector project to build AI infrastructure while creating up to 100,000 jobs signals President Trump's strongest commitment yet to the US technology industry that helped to elect him. Performance Overview Trailing total returns as of 1/22/2025, which may include dividends or other distributions. Benchmark is FTSE Bursa Malaysia KLCI Return 7986.KL FTSE Bursa Malaysia KLCI YTD +8.33% -3.05% 1-Year -61.76% +6.82% 3-Year -84.15% +3.98%