Shares of SNS Network Technology Bhd closed at a six-month high on Monday, driven by the company's announcement of a RM1.22 billion contract to supply high-performance artificial intelligence infrastructure.
The deal, disclosed by the Kuala Lumpur-listed firm, involves the provision of AI hardware and related services.
Earlier this week, Malton Bhd saw its shares jump approximately 30% after announcing a proposal to collaborate with a US-based NVIDIA cloud partner to establish an AI compute facility.
The market's positive reaction underscores the premium investors are placing on companies with direct exposure to the rapidly expanding AI infrastructure build-out in Southeast Asia.
This development follows a broader trend of regional tech firms securing significant AI-related partnerships.
Earlier this week, Malton Bhd saw its shares jump approximately 30% after announcing a proposal to collaborate with a US-based NVIDIA cloud partner to establish an AI compute facility.
The simultaneous activity highlights the accelerating pace of AI infrastructure investment across the region.