M+ Global Market Update – 27Aug26
Nvidia Beat to Reignite AI Rally
US: Wall Street is likely to react positively to Nvidia’s strong Q2 results and above-consensus guidance, which should reinforce confidence in sustained AI infrastructure spending. Nvidia reported USD96.2bn in revenue and guided for USD108bn in Q3 revenue, potentially providing a positive read-through to AI infrastructure names. We favour STX, DELL, and ANET as beneficiaries of continued data-centre capex, although elevated Treasury yields and sticky inflation could temper the broader risk-on reaction. Meanwhile, we expect Nvidia’s results to lift sentiment on the AI and data centre themes, as well as power-infrastructure-related stocks such as PWR, BE, and GEV.
MY: Closer to home, the FBM KLCI is expected to open firmer following Nvidia’s strong results and upbeat outlook, which should provide a positive read-through to local technology counters such as ATECH and STRATUS; both have staged technical breakouts and we favour them for their AI and semiconductor exposure. Additionally, we like WELLCHIP and LAGENDA, as the former offers a solid outlook driven by its pawnshop expansion plans, while the latter has shown resilient results recently; both demonstrate encouraging price and volume pick-up patterns, suggesting that momentum is recovering.
Stocks to watch:
Technology AMBEST, *ATECH*, CPETECH, EG, INFOM, *OPPSTAR*, *PIE*, *TTVHB*
Finance: *ABMB*, CIMB
Property: UEMS
Consumer: *LWSABAH*
Automotive: MBMR
Utility: *SET*
**Source: M+ Global**
August 27, 2026 3.1K 25
