Tencent’s Revenue Miss Heightens Pressure for Faster AI Payoff

kept by eddie may 14

Tencent posted its weakest revenue growth in six quarters, rising 9% to 196.5 billion yuan, intensifying investor demands for faster returns from AI.

Nvidia Earnings Show Profit Jumped 65% to $31.9 Billion - The New York Times
Nvidia reported a 65% profit increase to $31.9 billion and revenue of $57 billion, driven by demand for its AI chips.
also on #earnings, #economy, #ai
The hottest stock market in the world has doubled this year. And Goldman Sachs sees another 40% gain from here. - MarketWatch
Goldman Sachs raised South Korea's Kospi index target to 12,000, forecasting another 40% gain driven by the semiconductor cycle that it says markets still underestimate.
also on #earnings, #economy
Alibaba, Tencent Investors Look Past Slow Growth to AI Potential
Alibaba posted its first operating loss since 2021 partly from AI spending, yet shares still rose 8% in Hong Kong as investors focused on AI growth potential.
also on Tencent, #china, #business-strategy, #ai
Tencent Says China’s AI Chip Crunch Is Easing, Plans to Spend More
Tencent states that China's shortage of AI chips is lessening and intends to boost its capital expenditure.
also on Tencent, #china