Tencent Expects Chip Supply to Improve in 2H Amid AI Demand -- Market Talk
Dow Jones
May 15
0839 GMT - Tencent expects the delivery of domestic chips to pick up in 2H, as production capacity gradually eases, Citi analysts say, noting management's confidence in weathering compute and memory constraints. The company is also well positioned to benefit from long-term relationship with global memory suppliers and increased availability of domestic memory shipment, Citi notes. Tencent is seen to continue to prioritize GPU allocation for internal uses especially for its AI products Hy3, WorkBuddy, CodeBuddy as well as its advertising recommendation model, they add, citing management. Shares last ended at HK$456.40. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
May 15, 2026 04:39 ET (08:39 GMT)
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