KUALA LUMPUR: Nvidia Corp's chief executive officer Jensen Huang's visit to Malaysia this week is expected to spur interest in stocks in the technology sector.
Nvidia, a US$1.12 trillion company listed on the US-Nasdaq, is behind computing technology of generative artificial intelligence such as ChatGPT.
Huang was in Singapore on Monday at a Singapore Conference on AI, and is expected to attend a media roundtable in Malaysia tomorrow.
Channel News Asia reported that Huang is slated to meet Singapore's Prime Minister Lee Hsien Loong and executives in the Economic Development Board to discuss and "potentially announce some large investments" in Singapore.
Malacca Securities Sdn Bhd said in its note today, Huang's maiden visit will help the overall technology sector trade in a more positive environment.
"We expect some buying interest to emerge on the local equities in view of Nvidia's boss Jensen Huang to make his maiden visit to Malaysia," said the research firm in a note today.
Huang is also one of the co-founder of Nvidia.
There also could be data centre-related talks which may provide upside opportunities for the YTL Corporation Bhd-related counters, said Malacca Securities.
Year-to-date, technology counters are down about 7.7 per cent. While YTL Corp's share price was unchanged at RM1.54 a share as at 11.13am.
Earlier this year, YTL's Yes 5G launched Nvidia's GeForce NOW cloud gaming service beta in Malaysia.
Founded in 1993 by three American computer scientists, Huang, Curtis Priem, and Christopher Malachowsky, Nvidia Corp, is the pioneer of graphic processing units (GPU)-accelerated computing.
Its invention of the GPU in 1999 sparked the growth of the personal computer gaming market. -ends-