Morgan Stanley Cuts Tencent Target Price by More Than 15% as AI Spending Is Expected to Weigh on Near-Term Earnings
Morgan Stanley cut its target price for Tencent by more than 15%, according to the source. The bank expects increased investment in artificial intelligence to weigh on Tencent’s earnings in the short term.
Morgan Stanley cut its target price for Tencent by more than 15%, according to the source.
The bank expects increased investment in artificial intelligence to weigh on Tencent’s earnings in the short term.
The bank expects increased investment in artificial intelligence to weigh on Tencent’s earnings in the short term.