YTL Power’s valuation dips RM8.7bil as Nvidia faces scrutiny
YTL Power International’s market valuation has plunged amid the turmoil at its US data centre partner Nvidia.
The market value of YTL Power International Bhd has dropped by more than RM8 billion over the past two weeks due to concerns surrounding its US data centre partner Nvidia. The plunge occurred after reports of Nvidia's founder and CEO, Jensen Huang, engaging in an extramarital affair, which has led to a 8% decline in YTL Power's share price.
This drop wiped out RM8.71 billion from the company's market valuation, reducing it to RM38.05 billion. Despite the sell-off, CGS International maintains a "add" rating for YTL Power, citing its strong colocation data centre business and long-term growth prospects that are not fully reflected in the share price.
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