- Nvidia Corporation has delivered small volumes of its H200 AI processors to Chinese tech giants ByteDance and Tencent.
- Washington has authorized these companies to purchase up to 100,000 H200 chips each, potentially reopening a restricted market.
- Nvidia's shares dropped 2.34% to close at $ 219.74 amid concerns over potential regulatory limits on future revenue upside.
- GuoSen maintained a Buy rating on Tencent Holdings with a price target of HK$635.50.
- Tencent Holdings shares closed at HK$446.40, while the broader analyst consensus suggests a Strong Buy rating with an average price target of HK$670.61.
- CGS International also maintained a Buy rating on the stock on August 14 with a price target of HK$688.50.
- Tencent published its Carbon Neutrality Mid-Term Report, outlining its progress and pathway toward achieving carbon neutrality across operations and supply chain by 2030.
- The report highlights that renewable electricity consumption increased from 22.0% in 2024 to 48.5% in 2025, with owned data centers achieving an 82.9% renewable electricity share.
- Tencent addresses the AI energy challenge through infrastructure innovation like T-AIDC, AI-driven scheduling, and the CarbonX Program to support broader decarbonization.
- SPDB analyst maintained a Buy rating on Tencent Holdings with a price target of HK$580.00, while CGS International also sustained a Buy rating with a HK$688.50 price target.
- Tencent Holdings closed at HK$440.00 and currently holds a Strong Buy analyst consensus rating on the market.
- The average price target stands at HK$675.33, indicating a 53.48% upside potential from current levels.
- UOB Kay Hian analyst Julia Pan maintained a Buy rating on Tencent Holdings on August 13 with a price target of HK$ 608.00.
- The company’s shares closed at HK$ 441.00, while the stock holds a consensus Strong Buy rating with a target of HK$ 675.81.
- Citi also reiterated a Buy rating on the stock with a price target of HK$ 765.00 in a report released on the same day.