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MEDIA-Inside Tencent’s deal to use Nvidia’s best AI chips in Japan- FT

– Source link: here – Note: Reuters has not verified this story and does not vouch for its accuracy

Reuters·
US
TCTZF
+1.53%
US
TCEHY
+1.56%
HK
00700
+1.49%
Reuters·
US
TCTZF
+1.53%
US
TCEHY
+1.56%
HK
00700
+1.49%

Hong Kong stocks are destined for a dull market | Mo Haonan

The recent performance of Hong Kong stocks has been sluggish, divided into three categories: large technology stocks, small and mid-cap growth stocks, and traditional stocks. Large technology stocks such as Tencent and NetEase have good fundamentals, but e-commerce technology stocks are affected by the "involution" issue, making it difficult for valuations to improve. Small and mid-cap growth stocks are highly volatile, but have limited impact on the index. The valuation improvement space for central state-owned enterprises and traditional stocks is limited, and the market lacks new catalysts, so it is expected that Hong Kong stocks will continue to remain in a stagnant situation

Stheadline·
US
NTES
+1.54%
HK
09999
+1.32%
US
TCTZF
+1.53%
Stheadline·
US
NTES
+1.54%
HK
09999
+1.32%
US
TCTZF
+1.53%

Tencent Holdings (TCTZF) Receives a Buy from GF Securities

GF Securities maintained a Buy rating on Tencent Holdings with a price target of HK$754.73. The shares closed at HK$614.00. Analyst consensus suggests a Strong Buy with a $97.85 average price target. DBS also maintained a Buy rating with a HK$800.00 price target.

Tip Ranks·
HK
00700
+1.49%
US
TCEHY
+1.56%
US
TCTZF
+1.53%
Tip Ranks·
HK
00700
+1.49%
US
TCEHY
+1.56%
US
TCTZF
+1.53%

Net inflow of HKD 1.117 billion for Tencent through Stock Connect

The net inflow from the northbound capital to Tencent, Alibaba, and Changfei reached HKD 1.117 billion, HKD 1.049 billion, and HKD 175 million, respectively. The net outflow from China Mobile, Horizon Robotics, and SMIC reached HKD 1.053 billion, HKD 162 million, and HKD 77.88 million, respectively. The highest net inflow in the Hong Kong Stock Connect (Shanghai) was HKD 792 million to Tencent, while the highest net outflow was HKD 887 million from China Mobile. The highest net inflow in the Hong Kong Stock Connect (Shenzhen) was HKD 438 million to Alibaba, while the highest net outflow was HKD 166 million from China Mobile. The total net outflow for the day was HKD 0, with a total transaction amount of HKD 75.413 billion, accounting for 34.09% of the total market transaction amount

AASTOCKS·
US
BABA
+1.68%
HK
09988
+0.83%
US
TCEHY
+1.56%
AASTOCKS·
US
BABA
+1.68%
HK
09988
+0.83%
US
TCEHY
+1.56%

Globally renowned technology analyst Dan Ives: The most enticing opportunities in AI lie in the robotics sector, with Alibaba, Tencent, and Baidu being the most promising

Globally renowned technology analyst Dan Ives stated at the "Alpha Summit" that China's biggest investment opportunity lies in the robotics sector, particularly in humanoid robots. He is most optimistic about Alibaba, Baidu, and Tencent's performance in China's AI ecosystem

Wallstreetcn·
US
BIDU
+2.76%
HK
09888
+1.02%
US
TCEHY
+1.56%
Wallstreetcn·
US
BIDU
+2.76%
HK
09888
+1.02%
US
TCEHY
+1.56%
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Tencent, the China cloud giant, cut a deal to use Nvidia’s best AI chips in Japan via Datasection, one of Asia’s biggest AI data center operators, the FT reports, around US$1.2 billion in contracts fo.........

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