Group 1: Market Outlook - The upcoming tariff deadline and uncertain trade outlook may lead to volatility in the US stock market, with signs of weakening in certain economic sectors [1] - The performance of leading tech stocks in China’s AI competition will be crucial for the direction of the US stock market [1] - The US is expected to maintain its leading position in research and development, benefiting from advancements in artificial intelligence in the medium to long term [1] Group 2: Sector Analysis - The technology sector is viewed positively, with strong demand for AI chips and US semiconductor companies expected to maintain a technological edge [1] - Large chip manufacturers are anticipated to receive export licenses to restart sales of lower-spec AI chips to China, which may benefit semiconductor and hardware manufacturers' profit outlook [1] - The communications services sector is also seen favorably, with large entertainment stocks benefiting from streaming media and theme park growth [2] Group 3: Challenges in Other Sectors - The healthcare sector outlook is negative due to proposed drug tariffs and uncertainty surrounding pharmaceutical companies' pricing strategies [2] - Measures implemented by the US Department of Health and Human Services may restrict vaccine approvals, potentially impacting vaccine-related stocks [2]

Core Viewpoint - Malaysia is not restricting the use of Nvidia chips or AI chips in servers under the Strategic Trade Act of 2010, but will cooperate with other countries on export control of sensitive goods [1][2] Group 1: Malaysia's Position on AI Chips - Malaysia's Investment, Trade and Industry Ministry states that the use of Nvidia chips in data centers is not classified as controlled goods under local law [1] - The country allows data centers to make independent business decisions while being supervised by relevant ministries [1] - Malaysia opposes any evasion of export controls or illegal trade activities and emphasizes compliance with international trade regulations [1] Group 2: U.S. Export Controls - Since 2022, the U.S. has intensified restrictions on AI chip exports to China, including a ban on Nvidia and AMD from selling advanced chips to the Chinese market [2] - The Trump administration initially imposed a ban on Nvidia's AI chip sales to China, which was later relaxed [2] - China's Ministry of Foreign Affairs has expressed that Chinese companies should operate within the law and opposes coercive restrictions on cooperation with China [2]