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| HSI1 | 25,116.85 | 0.00 | -- |
| HSCEI1 | 8,340.83 | 0.00 | -- |
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2026-08-14 17:56:41 TENCENT (00700.HK)'s swelling AI spending should be viewed as a strategic positive, Nomura said in a report, maintaining a Buy rating and lowering the TP from HKD727 to HKD695. The company's 2Q results were broadly in line, highlighting the current tight supply of AI computing power that the company is facing. Based on the broker's calculations, AI-related investments during the period may have surpassed RMB100 billion, including RMB53 billion in capex (up 176% YoY) and an additional RMB51 billion in prepayments to secure computing power resources. The broker believed this sizeable AI investment demonstrates TENCENT's commitment to building indispensable infrastructure, enabling the company to compete effectively with peers such as ByteDance and Alibaba. Amid supply shortages across China's industry, TENCENT's surge in AI spending this year indicates its ability to successfully procure the required GPU resources, the broker believed. ~ AASTOCKS Financial News Website: www.aastocks.com | |