Do you know? eFishery scandaleFishery’s alleged fraud started around its 2018 Series A fundraise, when then‑CEO Gibran Huzaifah is said to have set up shell / nominee companies posing as customers to fabricate sales. These entities produced fake documents that fed into the company’s financials, while Gibran reportedly kept two sets of books—one reflecting actual…
Do you know? AI selloffAI is now the US economy’s main growth bet: markets and policymakers expect generative AI and automation to spark a fresh productivity wave as past engines (globalisation, shale, smartphones) wane. Investment, valuations and optimism assume AI will boost output per worker enough to offset ageing, high debt and weaker global growth….
Do you know? AI selloffOne of the issues about the AI selloff is circular deals. These are arrangements where chipmakers, hyperscalers and AI startups take stakes in each other while simultaneously committing to buy each other’s GPUs, cloud capacity or services, so capital and revenue are recycled within a tight group rather than coming purely…
Do you know? AI selloffWall Street still expects big gains ahead for core AI stocks, with 12‑month targets implying roughly 50-60% rebounds for leaders like Nvidia and Micron. The recent drop is being framed more as a valuation “recalibration” than a crash, driven by stretched multiples, weak realised ROI on many enterprise gen‑AI projects, and…
Do you know? AI selloffAI stocks are being hit because higher‑for‑longer interest rates and a more hawkish Fed push up discount rates on long‑dated AI growth stories, making their future cash flows less valuable today. Tech‑heavy indices like the Nasdaq dropped about 2-2.2% on key selloff days, and major AI names (e.g. Nvidia, Alphabet and…
Do you know? AI selloffAI shifted from being framed as a productivity boost for incumbents to a direct threat to their revenue. In February 2026 a drawdown wiped nearly USD1 trillion from software and services market caps after new LLM-based tools (e.g. Claude-powered legal and enterprise assistants) demonstrated they could replace high‑margin functions in law,…
Do you know? AI selloffAI infrastructure capex has surged to unusually high levels. Hyperscalers likely raised AI spending ~67% to ~USD650 billion, and total AI investment could hit USD7 trillion from 2026-2031. Current earnings are small compared with that spending, while price competition among model providers is squeezing unit economics as financing costs rise. The…
Do you know? AI selloffThe AI trade became extremely crowded. Investors piled into semiconductors and mega‑cap tech expecting flawless execution and years of hyper‑growth. A June-July 2026 correction erased about USD1-1.3 trillion of market value from AI‑linked chipmakers and software firms, showing how quickly crowded positions can unwind once expectations are questioned. Because the drop…
Do you know? National politicsBN should treat Melaka as the next pressure point and try to turn it into a public test of whether PH can still hold its ground. If BN continues to win in Melaka, it can argue that momentum is building and that PH’s best option is to dissolve Parliament while it…
Do you know? National politicsIf PH thinks public sentiment is turning against it, it would usually prefer to delay GE16 rather than rush into a snap election, because extra time can help it improve its image, let current dissatisfaction fade, and wait for BN to suffer its own scandal or setback. But waiting is only…