Tencent target cut
Nomura cut its Tencent target on expected AI investment drag, and a report of large Nvidia chip orders reinforces capex concerns while broad benchmarks are higher.
Sources: https://news.futunn.com/flash/1001621436/nomura-cuts-tencent-s-target-price-to-hk-659-citing, https://www.tipranks.com/news/the-fly/bytedance-alibaba-tencent-order-35b-worth-of-nvidia-ch
Previous verdicts for TCEHY
- AI Search: Tencent ADR Falls Aggressively as AI Capex Concerns Mount — 2026-10-22
- AI Search: China's Q3 Momentum Supports a Fair Market Read on Tencent ADR — 2026-10-19
- AI Search: Tencent's $5 Billion Bond Sale for AI Capex Lifts TCEHY — 2026-10-12
- AI Search: Tencent slips as AI spending, debt and regulatory warnings weigh — 2026-10-09
- AI Search: Tencent Edges Higher as DeepSeek Backing and Buyback Draw Buyers — 2026-10-06
Sources
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