YTL Power Drops 8%: Nvidia Turmoil Hits Data Centre Stocks

Quick Answer: YTL Power International Bhd (KL:YTLPOWR) shares dropped 39 sen, or over 8%, to RM4.40 on Nov 12 as renewed turmoil at Nvidia hit data centre stocks. The company lost over RM3 billion in market capitalisation that day and is now valued at RM38 billion. It is a data centre partner of Nvidia, so its shareholders are directly exposed to the US chipmaker’s share slide.

YTL Power shares fell sharply on Thursday, Nov 12, as renewed turmoil at Nvidia dragged down Malaysia’s data centre plays on Bursa Malaysia.

Why Did YTL Power Shares Fall 8% to RM4.40?

YTL Power shares resume decline amid renewed Nvidia turmoil — YTL Power shares resumed their decline on Nov 12 amid renewed Nvidia turmoil.

YTL Power (KL:YTLPOWR) dropped 39 sen, or over 8%, to RM4.40. Nearly 41 million shares changed hands, making it one of the most actively traded stocks on Bursa Malaysia.

The multi-utilities firm resumed its decline after the Nvidia reports broke during the trading day.

YTL Power Drops 8%: Nvidia Turmoil Hits Data Centre Stocks — Photo: TheEdge

How Much Market Value Did YTL Power Lose?

Market capitalisation lost: over RM3 billion
Current valuation: RM38 billion
Shares traded: nearly 41 million
Parent YTL Corp Bhd (KL:YTL): down 11 sen or 5.56% to RM1.87, valuing the parent at RM22.06 billion

YTL Corp extended its losses, so the parent faced the same selldown at a smaller RM22.06 billion valuation.

Which Data Centre Stocks Were Caught in the Selldown?

NationGate Holdings Bhd (KL:NATGATE), a contract manufacturer for Nvidia: down 12 sen or 6.42% to RM1.75
Mah Sing Group Bhd (KL:MAHSING): down 6 sen or 6.63% to 84.5 sen
Sime Darby Property Bhd (KL:SIMEPROP): down 1 sen or 0.78% to RM1.27
Gamuda Bhd (KL:GAMUDA): down 22 sen or 4.49% to RM4.68
Sunway Construction Group Bhd (KL:SUNCON): down 28 sen or 3.35% to RM8.07
IJM Corp Bhd (KL:IJM): down 10 sen or 3.83% to RM2.51

Mah Sing and NationGate both fell more than 6%, ahead of parent YTL Corp’s 5.56% drop.

Sunway Construction shed the most in absolute terms among the property and construction names, at 28 sen.

What Is Behind the Nvidia Turmoil Hitting YTL Power?

The Wall Street Journal reported that Nvidia was preparing to oust chief executive Jensen Huang as the chip giant’s stock continued to fall.

The reports followed a weekend revelation about Huang’s affair with a suspected Chinese spy, who is accused of helping entities circumvent American restrictions on imports of high-performance chips to China.

News reports of another extramarital affair, this time with a company executive who reported to him, added to the pressure.

Why Is YTL Power Worth Monitoring on Bursa?

YTL Power is a data centre partner of Nvidia and operates an AI facility in Johor equipped with some of the chipmaker’s latest chips. That direct link is why the Nvidia headlines hit the stock on the same day.

Investors may want to watch whether the Johor facility’s Nvidia ties hold as the leadership story develops. For a broader view of how screening tools track names like this, see our AI Stock Analysis for Malaysians guide.

Key Takeaways

YTL Power shares fell 39 sen, or over 8%, to RM4.40 on Nov 12.
The stock lost over RM3 billion in market capitalisation and is valued at RM38 billion.
Parent YTL Corp Bhd (KL:YTL) fell 5.56% to RM1.87, valuing it at RM22.06 billion.
Mah Sing Group, NationGate Holdings and other data centre-linked names also declined.
Reports that Nvidia was preparing to oust Jensen Huang drove the selldown.

This article is for general information only and is not a recommendation to buy, sell or hold any stock. Do your own research before making any investment decision.

Frequently Asked Questions

Why did YTL Power shares fall on Nov 12?

YTL Power shares dropped 39 sen, or over 8%, to RM4.40 on Nov 12 after reports of renewed turmoil at Nvidia. The stock lost over RM3 billion in market capitalisation that day.

What is YTL Power’s market value?

YTL Power is valued at RM38 billion after the selloff. Its parent, YTL Corp Bhd (KL:YTL), closed at RM1.87, valuing it at RM22.06 billion.

Is YTL Power linked to Nvidia?

Yes. YTL Power is a data centre partner of Nvidia and operates an AI facility in Johor equipped with some of Nvidia’s latest chips.

Which other Bursa stocks fell with YTL Power?

NationGate Holdings Bhd (KL:NATGATE) fell 6.42% to RM1.75, and Mah Sing Group Bhd (KL:MAHSING) fell 6.63% to 84.5 sen. Gamuda Bhd (KL:GAMUDA) slid 4.49% to RM4.68.

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