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Citi: Tencent's Cloud Business to See Significant Catalyst in the Second Half of the Year
18 hour ago /
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Author：小编
Citi stated that during Tencent's earnings conference call, it was revealed that in addition to artificial intelligence, its core businesses have demonstrated resilience, with sustained growth in both domestic and international gaming sectors. It is anticipated that the accelerated rollout of domestically produced GPUs in the second half of 2026 will serve as a significant catalyst for the growth of Tencent's cloud business. Citi remains optimistic about Tencent's AI strategic achievements and the sustainable growth of its core profits, maintaining a buy rating and adjusting the target price slightly from HK$783 to HK$763.
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