에 대한 최신 뉴스 Tencent Holdings (OTC:TCEHY) 주식

Tencent Holdings

TENCENT HOLDINGS ADR

Tencent is arguably the most influential internet firm in China, as one can hardly go a day without using its products. Tencent is the world's largest video game vendor and owns the world's top-grossing mobile game—Honor of Kings. Tencent also runs China's largest social media super app—WeChat. The app is now part of the fabric of life for Chinese people who use it to chat, shop, watch videos, play games, order food and taxis, and more. Equally as impressive as its own portfolio, Tencent is also among the world's largest venture capital and investment corporations. The firm is now one of the largest shareholders in leading tech companies like PDD, Kuaishou, Epic Games and more.

News

Global

Tech

General

BABA

BIDU

MSFT

TCEHY

최근에 마이크로소프트 (NASDAQ:MSFT)의 후원을 받은 OpenAI가 7월부터 중국의 도구 및 소프트웨어 접근을 제한할 계획을 공식으로 발표했다고 합니다.  



무슨 일이 있었나: ChatGPT의 창조자인 OpenAI는 화요일 블룸버그의 보도에 따르면 인터넷 기사의 스크린샷에 따르면 OpenAI는 여러 지역의 개발자들에게 한 통의 메모를 보내 움직임의 의도를 전달했습니다. 이러한

ChatGPT-Maker OpenAI, 증가하는 긴장 상황에 따라 중국 내에서 AI 도구에 대한 접근을 제한하기로 결정했다고 보고했다.

Gaming

SQNXF

TTWO

시크릿 모드(Secret Mode) 및 기타 게임 개발들의 모회사인 텐센트 홀딩스(OTC:TCEHY)의 스모 그룹(Sumo Group)은 게임 산업이 직면한 어려움을 언급하면서 직원의 15%에 영향을 미치는 해고를 발표했다. 스모 그룹은 2022년 1월에 12억 7,000만 달러에 텐센트에 인수되었다.

스모 그룹: 게임 산업의 어려움으로 250명이 영향을 받는 인력 축소

Media

AVEM

알리바바가 새로운 AI 모델 큐원2 출시, 이는 메타의 라마 3보다 앞선다고 주장

TENCENT HLDGS UNSP/ADR by Tencent Holding Ltd.

Tencent Holdings Ltd

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is facing scrutiny as reports emerge of its advanced AI chips being smuggled into China despite U.S. export restrictions.
The underground market, driven by strong demand for these powerful chips, highlights the ongoing tech rivalry between the U.S. and China.
More than 70 distributors are openly advertising what they claim to be Nvidia&#8217;s restricted chips online, with many verified sellers confirming steady supplies, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/tech/the-underground-network-sneaking-nvidia-chips-into-china-f733aaa6?mod=tech_lead_story" rel="noreferrer noopener">reports</a>.
Many sellers take preorders and promise delivery within weeks, indicating a robust supply chain.
Some even offer entire servers equipped with high-end Nvidia chips, costing up to $300,000. This network caters primarily to AI startups and research institutions in China, the WSJ report added.
Nvidia does not sell its powerful data center chips directly to customers but through third parties like Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) and Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>).
Resellers in China typically ask $32,400 for Nvidia&#8217;s H100 chip, significantly higher than the typical cost, the WSJ report claims.
An estimate suggests about 12,500 AI chips are smuggled annually, while Nvidia sold over 2.6 million A100 and H100 chips globally last year.
<a target="_blank" href="https://www.benzinga.com/news/24/06/39293929/whats-going-on-with-nvidia-amd-stocks-on-wednesday" rel="noreferrer noopener">Prior reports indicated</a> the U.S. government plans to extend its semiconductor technology embargo to Russia, following similar restrictions on China and the Middle East.
This decision stems from concerns that increased trade between China and Russia is helping Moscow bolster its military capabilities.
Previous sanctions on China led semiconductor companies to produce less effective chips to adhere to the restrictions.
China&#8217;s leading chip manufacturer, Semiconductor Manufacturing International Corp, is reportedly increasing its chip production using domestic tools.
<a target="_blank" href="https://www.benzinga.com/government/24/06/39227871/nvidias-ai-chip-has-a-tough-competitor-from-china-huaweis-latest-ascend-910b" rel="noreferrer noopener">Earlier reports highlighted</a> Tencent Holding Ltd&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) efforts to develop AI chips, aiming to capture part of Nvidia&#8217;s dominant market share, which accounts for up to 90% of China&#8217;s $7 billion AI chip market.
Nvidia stock gained over 189% in the last 12 months as U.S. Big Techs splurge on their AI ambitions. Investors can gain exposure to Nvidia through Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) and iShares S&amp;P 500 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVW#NYSE">IVW</a>).
Price Action: NVDA shares traded lower by 0.70% at $121.81 premarket at the last check on Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Government

Regulations

DELL

NVDA

SMCI

Despite Restrictions, Nvidia Chips Are Still Reaching China: WSJ

Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) and Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) have received approval from China for 104 new video games this month, marking a positive shift for the country&#8217;s gaming industry.
SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3268024/tencents-roco-kingdom-world-among-104-new-video-games-approved-beijing-june" rel="noreferrer noopener">reports</a> that the National Press and Publication Administration (NPPA) approved Tencent&#8217;s online role-playing game Roco Kingdom: World and Alibaba&#8217;s Ruyuan from its Lingxi Games studio.
The update boosted Chinese gaming company NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) stock.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/05/38984583/neteases-q1-earnings-gaming-giant-shows-resilience-with-growth-in-cash-flow-and-cloud-music" rel="noreferrer noopener">NetEase&#8217;s Q1 Earnings: Gaming Giant Shows Resilience with Growth in Cash Flow and Cloud Music</a>
This month&#8217;s approvals reflect a rebound for the gaming industry. After fewer than 100 titles were approved in April and May, more than 100 new titles were approved each month in the first quarter.
According to market intelligence company CNG, China&#8217;s video gaming market saw its first-quarter revenue rise by 7.6% year-on-year to 72.6 billion yuan ($10 billion).
The <a target="_blank" href="https://www.benzinga.com/markets/asia/24/01/36745444/why-are-tencent-and-netease-shares-up-today-hint-it-has-to-do-with-chinese-goverment-gaming-regulati" rel="noreferrer noopener">market has been recovering</a> since April 2022, when Beijing resumed licensing video games after an eight-month freeze. In January, the NPPA retracted a draft proposal to cap user spending in games and ban excessive rewards.
<a target="_blank" href="https://www.benzinga.com/markets/asia/23/12/36366760/tencent-responds-to-chinas-crackdown-on-video-gaming-doesnt-anticipate-changes" rel="noreferrer noopener">China&#8217;s unexpected gaming</a> regulations caused a market dip of $80 billion, with Tencent&#8217;s value dropping by $54 billion.
Price Action: NTES shares traded higher by 2.91% at $95.75 at&nbsp;the last check on Wednesday.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/05/38791739/huya-beats-revenue-estimates-in-q1-yet-faces-challenges-in-game-streaming-sector" rel="noreferrer noopener">HUYA Beats Revenue Estimates in Q1, Yet Faces Challenges in Game Streaming Sector</a>

Movers

NTES

What's Going On With Chinese Gaming Stock NetEase On Wednesday?

In a recent development, OpenAI backed by Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), has reportedly announced its plans to restrict access to its tools and software in China starting in July.
What Happened: OpenAI, the creator of ChatGPT, has communicated its intentions to developers in various regions via a memo according to screenshots posted on social media, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-06-25/openai-warns-it-will-block-access-to-ai-tools-from-china?srnd=homepage-asia">reported </a>on Tuesday. This move is seen as an attempt to exclude users from countries where its services are not available. In response, Chinese tech giants, including Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and Tencent Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>)-backed Zhipu AI, are urging developers to transition to their products.
While the exact reason behind OpenAI&#8217;s decision is not known, it coincides with mounting pressure from the U.S. government to curb China&#8217;s access to advanced AI technology. Despite the official unavailability of OpenAI in China, developers have been using its tools via virtual private networks and other means.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38582049/ai-adoption-a-do-or-die-moment-for-companies-says-sandboxaq-ceo-theres-going-to-be-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">AI Adoption A &#8216;Do Or Die&#8217; Moment For Companies, Says SandboxAQ CEO: &#8216;There&#8217;s Going To Be Winners And Lose</a>
This development comes at a time when Chinese companies like Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) and startups like Zhipu are striving to create AI models that can compete with U.S. industry leaders. Simultaneously, the U.S. is trying to restrict China&#8217;s access to crucial technologies to limit Beijing&#8217;s ability to develop sensitive technologies that could threaten U.S. national security.
OpenAI has yet to respond to the queries sent by Benzinga.
Why It Matters: The move by OpenAI follows a trend of U.S. tech giants, including Google, enhancing their security measures <a href="https://www.benzinga.com/news/24/06/39397802/google-openai-and-other-us-tech-giants-tighten-employee-screening-amid-rising-chinese-espionage-fear">amid growing concerns</a> over Chinese espionage. OpenAI previously also reported the exploitation of its AI <a href="https://www.benzinga.com/news/24/05/39107044/from-ukraine-to-gaza-openai-reveals-its-ai-models-exploited-for-global-disinformation-by-russia-chin">models by networks</a> linked to China, Russia, Iran, and Israel&nbsp;to disseminate disinformation.
China has been developing its<a href="https://www.benzinga.com/markets/asia/24/05/38956682/chatgpt-meet-xigpt-china-unveils-new-ai-model-that-speaks-xi-jinpings-thoughts-spouts-official-party"> own AI models</a>, such as a large language model based on President Xi Jinping&#8217;s political philosophy.
Furthermore, tech analyst <a href="https://www.benzinga.com/markets/equities/24/06/39262950/apples-wwdc-2024-openai-tie-up-moves-could-be-replicated-in-china-via-alibaba-baidu-says-gene-mu">Gene Munster suggested </a>that Apple Inc. could potentially partner with Chinese tech giants Alibaba and Baidu for its AI features in China.
Read Next: <a href="https://www.benzinga.com/news/24/06/39449884/twitter-co-founder-jack-dorsey-thinks-deepfakes-are-taking-us-toward-a-simulated-future-elon-musk-as?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Twitter Co-Founder Jack Dorsey Thinks Deepfakes Are Taking Us Toward A Simulated Future: Elon Musk Asks &#8216;</a>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

ChatGPT-Maker OpenAI To Restrict Access To AI Tools In China Amid Rising Tensions: Report

Streaming giant Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) has bought the international rights to a Chinese series, marking its continued focus on content <a href="https://www.benzinga.com/general/entertainment/22/06/27670809/green-light-squid-game-2-gets-teaser-from-netflix-director-shares-details">coming out of Asia.</a>
What Happened: The success of "Squid Game," "One Piece" and <a href="https://www.benzinga.com/markets/asia/24/06/39393663/netflix-bets-big-on-smallest-southeast-asian-market-expands-local-content-production-to-replicate-sq">other Asian series</a> for Netflix has led to the streaming company focusing on the region as it looks to grow its international subscriber base.
While Netflix isn't available in China, the company made a rare pre-buy at the Shanghai TV Festival.
Netflix landed the international rights to the series "See Her Again," which comes from Tencent Video, a unit of Tencent Holdings Limited (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>).
According to <a href="https://deadline.com/video/netflix-boards-see-her-again-tencent-video-china-trailer/">Deadline</a>, this marks a rare move by Netflix, which does not often pre-buy shows from China.
The series follows a Hong Kong police detective from the 1990s who travels to 2018 to uncover past murder cases.
"See Her Again" competed for the Coup de Coeur Award at MIPTV's MIPDrama Screenings in April according to the report.
Related Link: <a href="https://www.benzinga.com/news/earnings/24/04/38324337/netflix-q1-earnings-highlights-revenue-beat-eps-beat-9-33-million-paid-subs-added-ad-tier-plan-upda">Netflix Q1 Earnings Highlights: Revenue Beat, EPS Beat, 9.33 Million Paid Subs Added, Ad-Tier Plan Update And More</a>
Why It's Important: Netflix has been investing more aggressively in Asia after the success of "Squid Game," which is the company's most watched series of all time.
Benzinga previously reported that Netflix was turning its attention to Indonesia and Thailand with new investments targeting the large, young demographic from the countries. Netflix has <a href="https://www.benzinga.com/general/entertainment/23/04/31980279/netflix-to-boost-south-korean-content-with-2-5b-investment-riding-on-success-of-squid-game">also been investing </a>in South Korea, after the success of "Squid Game" from the region.
Netflix released the<a href="https://www.benzinga.com/general/entertainment/22/09/29035298/could-netflixs-next-hit-show-come-from-game-of-thrones-showrunners"> highly anticipated</a> "3 Body Problem" series earlier this year, which is based on a bestselling Chinese novel.
The streaming giant&#8217;s acquisition of international rights to a buzzworthy Chinese series is noteworthy, as it could attract strong viewership in Asian countries. Its success with American viewers will also be closely monitored.
NFLX Price Action: Netflix shares are down 2% to $669.38 on Monday versus a 52-week trading range of $344.73 to $689.88.
Read Next:
<a href="https://www.benzinga.com/general/entertainment/24/06/39439112/will-netflix-save-shopping-malls-new-experiences-a-potential-game-changer-for-retail-center">Will Netflix Save Shopping Malls? New Experiences A Potential Game Changer For Retail Centers</a>
Image created using artificial intelligence via Midjourney.

Asia

Entertainment

NFLX

Netflix Buys International Rights To Tencent's Chinese Series 'See Her Again': Why This Rare Move Matters

In a recent report, Chinese tech workers revealed their plight of working overtime amid slow growth of companies and rampant layoffs.
What Happened: In a video conference, JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) founder Richard Liu reportedly warned his employees against prioritizing work-life balance, stating that the company had no room for such individuals. Liu addressed his staff with a stern warning. 
&#8220;We have employees who prefer to enjoy life, who put life first and work second&#8230;so I can only say that you are not our brother, you are a passer-by,&#8221; Liu stated during the meeting.
Liu further announced that the Chinese e-commerce giant would intensify efforts to eliminate IT engineers not delivering or working hard enough while rewarding those who performed well.
This warning comes as executives across China&#8217;s tech industry grapple with low growth, increasing competition, and investor apathy, leading to staff cuts and higher demands on remaining employees, the Financial Times <a href="https://www.ft.com/content/c94d046c-570a-4222-bfc5-463fdcfc66c2">reported</a> on Monday.
As growth stumbles and share prices fall, executives are reportedly reverting to their leaner startup days. Companies such as Pinduoduo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), known for its rigorous work hours, are being seen as models to follow.
A developer at Tencent Games (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) revealed, "Outwardly, I appear very calm. But the pressure is intense, we're like gears grinding until they break due to lack of lubrication.&#8221;
A former employee of ByteDance-owned TikTok revealed that employees are never on leave and need to attend meetings or else it can get &#8220;troublesome.&#8221;
See Also: <a href="https://www.benzinga.com/markets/asia/24/06/39429812/china-invested-more-than-230b-over-last-decade-to-develop-its-ev-industry-study-finds?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">China Invested More Than $230B Over Last Decade To Develop Its EV Industry, Study Finds</a>
Industry giants Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and Tencent have laid off tens of thousands of staff since 2021, with Tencent admitting to hiring &#8220;lower-cost heads,&#8221; typically younger workers.
The pressure is particularly high for older tech professionals, who face the greatest risk of redundancy and a challenging job market. Jenny Chan, associate professor of sociology at The Hong Kong Polytechnic University, noted that tech companies were seeking &#8220;young, unmarried talents who have time flexibility in megacities.&#8221;
JD.com, Pinduoduo, Alibaba and Tencent have yet to respond to queries sent by Benzinga.
Why It Matters: This warning from Liu comes amidst a backdrop of increasing labor unrest in China&#8217;s tech industry. Earlier in May, <a href="https://www.benzinga.com/markets/asia/24/05/38934510/teslas-top-chinese-rival-rocked-by-strike-as-workers-protest-income-cutting-work-schedule-report">workers at a BYD Co. </a>(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) factory went on strike, protesting against changes in their work schedules that would reduce their income.
Moreover, the <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38782692/chinese-workers-paid-in-digital-yuan-rush-to-convert-it-into-good-old-cash-because-of-limi">push for digital payments </a>in the form of digital yuan has been met with resistance from workers who prefer cash due to the lack of interest and limited usability of the digital currency.
Read Next: <a href="https://www.benzinga.com/markets/asia/24/06/39434301/apples-ai-strategy-faces-hurdles-in-china-talks-with-local-firms-are-ongoing?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple&#8217;s AI Strategy Faces Hurdles In China, Talks With Local Firms Are Ongoing</a>
Image via Midjourney
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

BYDDF

Citigourp Global Markets 2% Protected Notes Linked To The Djia

Chinese Tech Workers Made To Work 'Like Gears Grinding Until They Break:' Report

A JPMorgan Chase &amp; Co analyst, who was previously bearish on China&#8217;s tech sector, is now predicting a significant increase in stock prices.
What Happened: Alex Yao, the co-head of Asia TMT research at JPMorgan, has made a remarkable shift in his stance on China&#8217;s tech sector. Yao, who was once skeptical about the sector&#8217;s potential, is now forecasting a 20-25% increase in stock prices, <a href="https://www.bloomberg.com/news/articles/2024-06-19/jpmorgan-analyst-known-for-bearish-call-touts-china-tech-stocks">reported</a> Bloomberg on Wednesday.
Yao attributes this potential growth to an improved cost structure and less aggressive competition. He also emphasizes the significance of macroeconomic developments in stabilizing the sector&#8217;s share price trend.
This change in tone from a notable skeptic like Yao is indicative of a broader shift in sentiment toward China&#8217;s tech market, which has been underperforming for several years. Major players like Tencent Holdings Ltd have led this resurgence, coinciding with Beijing&#8217;s shift from stringent regulatory measures to policies aimed at boosting the economy.
Despite uneven growth in China, signs of economic recovery such as improving consumption and robust exports are providing some reassurance to investors. However, concerns remain about the potential impact of geopolitical risks and a growing price war in China&#8217;s emerging artificial intelligence market.
&#8220;The top-down view is that if macro recovers, then the e-commerce names will benefit from the cyclical recovery of consumption," Yao said. "This time the theme is China macro stabilization."
Yao&#8217;s previous bearish call in 2022, which included downgrading 28 firms like Tencent and Alibaba Group Holding Ltd., had a significant impact on investor sentiment. 
See Also: <a href="https://www.benzinga.com/news/24/06/39351335/us-ally-slams-chinas-claims-of-vessel-collision-as-deceptive-and-misleading-amid-rising-south-china?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">US Ally Slams China&#8217;s Claims Of Vessel Collision As &#8216;Deceptive And Misleading&#8217; Amid Rising South China Sea Tensions</a>
Despite lifting some ratings shortly after, the term &#8220;uninvestable&#8221; became closely linked with his analysis. Now, with a more optimistic outlook, Yao believes that sustained earnings growth could reward investors in the long run.
"If the sector is able to grow their earnings at, let's say, teens or even twenties, over the long run, I think people should reward those corporates for the earnings sustainability," Yao said.
Investors can benefit from China&#8217;s growth by diversifying their portfolios with ETFs that offer exposure to the country&#8217;s development. ETFs such as KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>), iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>), and iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) provide diversified access to China&#8217;s expanding internet sector and large-cap companies, presenting attractive investment opportunities.
Why It Matters: The shift in Yao&#8217;s outlook comes at a time when Nasdaq is <a href="https://www.benzinga.com/markets/equities/24/06/39404653/nasdaq-intensifies-scrutiny-on-small-chinese-and-hong-kong-ipos-following-2022s-extreme-volatili">intensifying scrutiny on small Chinese and Hong Kong IPOs</a> to prevent the volatility experienced in 2022. This increased oversight aims to ensure the stability of these listings, which could impact investor confidence in the broader Chinese tech sector.
Additionally, JPMorgan Asia Pacific CEO Sjoerd Leenart <a href="https://www.benzinga.com/markets/asia/24/05/38980045/you-cant-ignore-says-jpmorgan-apac-ceo-highlighting-beijings-significance-in-global-economy-you-have">recently underscored China&#8217;s critical role</a> in the global economy, highlighting that the country accounts for 19% of global GDP and 48% of Asia&#8217;s GDP. This reinforces the importance of China&#8217;s economic performance on a global scale.
Moreover, the <a href="https://www.benzinga.com/markets/asia/24/06/39399137/china-to-reform-shanghais-nasdaq-style-star-market-to-align-more-with-xi-jinpings-new-productive-for">China Securities Regulatory Commission</a> has introduced reforms to Shanghai&#8217;s Nasdaq-style Star Market to align with President Xi Jinping&#8216;s &#8220;new productive force&#8221; initiative. These measures aim to enhance the quality of listed companies and promote technological innovation, which could further bolster the tech sector.
A report from the Centre for Economics and Business Research projects that China could become <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/36930207/china-could-leapfrog-us-as-top-economy-by-2037-but-another-asian-powerhouse-could-r">the world&#8217;s top economy</a> by gross domestic product, or GDP, by 2037. This potential growth underscores the long-term significance of China&#8217;s tech sector in the global market.
Read Next: <a href="https://www.benzinga.com/markets/asia/24/06/39362931/why-alibaba-stock-could-rally-golden-cross-in-sight?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Why Alibaba Stock Could Rally: Golden Cross In Sight</a>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

Markets

KWEB

MCHI

JPMorgan Analyst Turns Bullish On Chinese Tech Stocks Amid Improving Economic Signs, Sees Up To 25% Surge: 'China Macro Stabilization' The Key

Broadcom Inc. (NASDAQ) is not only holding its position in the datacenter and AI Ethernet switching market but is also making significant strides forward. With its stock currently trading at $1,735.04, Broadcom is expected to achieve notable gains, targeting a price of $2,000 by December, <a href="https://www.benzinga.com/quote/AVGO/analyst-ratings">according to JPMorgan.</a>
<h2 class="wp-block-heading">Dominating With 80% Market Share</h2>
According to analyst Harlan Sur of JPMorgan, Broadcom holds a commanding 80% market share in the $5-7 billion datacenter/AI Ethernet switching and routing chipset market. This dominance is largely due to its relentless innovation. Sur highlights the company's flagship Tomahawk series, which has consistently doubled performance every two years. The team continues to drive &#8220;a 2x Moore's Law like performance boost with its Tomahawk switching chipset,&#8221; said Sur.
Broadcom's lead is not just about performance. Sur points out that the company is ahead of competitors like Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and Cisco Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) in delivering cutting-edge networking silicon. &#8220;We believe 9-12 months ahead of NVIDIA and 12monthts+ ahead of Marvell and Cisco,&#8221; the analyst said.
This lead is fortified by Broadcom's robust R&amp;D scale and intellectual property, creating significant barriers to entry for competitors.
Also Read: <a href="https://www.benzinga.com/news/24/06/39348307/apple-and-broadcom-were-among-10-large-cap-stocks-with-biggest-gains-in-the-last-week-june-9-june-15">Apple And Broadcom Were Among 10 Large Cap Stocks With Biggest Gains In The Last Week (June 9-June 15, 2024): Are They In Your Portfolio?</a>
<h2 class="wp-block-heading">Next-Gen Marvel: Tomahawk 6</h2>
Sur notes that Broadcom will ship initial Tomahawk 6 chipsets in the second half of 2024, with full production ramping in 2025 and 2026. This 3nm chipset boasts a staggering 102.4Tbps switching throughput and 1.6Tbps optical connectivity. 
Such capabilities are critical for supporting the next generation of AI clusters, which include major players like Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#NYSE">BABAF</a>), Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), ByteDance, and Tencent Holdings Ltd (OTCPK:TCEHY).
Sur expects Broadcom's AI networking silicon revenues to triple to over $3 billion in 2024, with a 50% growth projection for 2025. The 800Gbps optical upgrade cycle currently underway, along with the upcoming 1.6Tbps cycle starting with the Tomahawk 6 ramp, drives this surge.
<h2 class="wp-block-heading">&#8216;Two Steps Ahead Of Its Competitors&#8217;</h2>
Broadcom's roadmap extends beyond the Tomahawk 6. Sur mentions that the company is already in the design phase of its 2nm Tomahawk 7, ensuring it remains &#8220;one/two steps ahead of its competitors.&#8221;
As the cloud and hyperscale datacenter market grows at a projected 20-30% CAGR, Broadcom is well-positioned to retain its market leadership.
Broadcom's relentless innovation and strategic foresight make it a standout in the rapidly evolving AI and datacenter networking landscape. Investors should take note of this powerhouse as it continues to shape the future of technology.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39344508/as-apple-nvidia-trade-near-all-time-highs-jim-cramer-tells-investors-to-cash-in-on-">As Apple, Nvidia Trade Near All-Time Highs, Jim Cramer Tells Investors To Cash In On AI Stocks: &#8216;Let&#8217;s Not Be Too Greedy&#8217;</a>
Photo: Shutterstock

Analyst Color

Long Ideas

Analyst Ratings

Trading Ideas

AMZN

AVGO

ALIBABA GROUP HOLDING LTD by Alibaba Group Holding Limited

BABAF

CSCO

GOOG

GOOGL

MRVL

ORCL

Broadcom's Cutting-Edge AI Networking Technology Leaves Nvidia, Marvell, Cisco Behind: JPMorgan

Tencent Holdings Ltd&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) Sumo Group, the parent company of Secret Mode and other game developers, has announced layoffs affecting 15% of its workforce, citing challenges facing the <a href="https://www.benzinga.com/topic/gaming-industry">games industry. </a>
In a statement, Sumo Group <a href="https://www.sumogroupltd.com/news/2024/sumo-group-update/">said:</a> &#8220;The difficult decision to reduce our costs across the business in a number of ways is a direct result of these challenges, and unfortunately will include a reduction in the number of people the business can support.&#8221; 
See Also: <a href="https://www.benzinga.com/general/gaming/24/01/36747478/game-industry-braces-for-year-of-closures-in-2024-report-says">Game Industry Braces For &#8216;Year of Closures&#8217; In 2024, Report Says</a>
They added: &#8220;Every alternate route to limit the impact to our people is being considered but sadly this process of transformation will affect up to 15% of our people across the Group in Canada, UK, Poland, Czech Republic and India.&#8221;
With approximately 1790 employees, around 250 individuals are impacted by the layoffs. The closure of Timbre Games, a studio within Sumo Group focused on AAA games, may be a consequence of this decision, according to <a href="https://x.com/sweetpotatoes/status/1800565013700280422" target="_blank" rel="noreferrer noopener">Polygon reporter Nicole Carpenter</a>.
Sumo Group acknowledged the difficulties faced by its employees during this process: &#8220;This is a challenging situation for everyone at Sumo.&#8221; In the press release, the company outlined its focus on supporting staff and collaborating with partners to address the situation.
The broader context highlights a widespread issue within the industry, with major players like Take-Two Interactive Software Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Square Enix Holdings Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SQNXF#OTC">SQNXF</a>) also announcing layoffs recently. 
In 2023, over 10,000 developers were affected by layoffs, and the trend appears to continue into 2024.
Read Next: <a href="https://www.benzinga.com/general/gaming/24/01/36601387/2024-gaming-industry-shakeup-over-2-700-layoffs-revealed-in-past-11-days">2024 Gaming Industry Shakeup: Over 2,700 Layoffs Revealed In Past 11 Days</a>
Photo: Shutterstock

Sumo Group's Workforce Reduction: 250 Employees Impacted

Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), heavily investing in generative AI, has updated its open-source AI models, claiming they surpass Meta Platforms Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Llama 3 in specific tasks.
Alibaba Cloud launched Qwen2, the second version of its Tongyi Qianwen large language models (LLMs), featuring multilingual pre-training and an expanded context window for longer queries and answers.
Qwen2, which comes in five variations, consistently outperformed Meta&#8217;s Llama 3-70B model in benchmarks across various disciplines, the SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3265845/alibaba-says-new-ai-model-qwen2-bests-metas-llama-3-tasks-maths-and-coding" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/asia/24/05/39058936/temus-growth-surge-makes-parent-pdd-surpass-alibaba-as-chinas-most-valuable-e-commerce-giant" rel="noreferrer noopener">Temu&#8217;s Growth Surge Makes Parent PDD Surpass Alibaba as China&#8217;s Most Valuable E-Commerce Giant</a>
The company unveiled Qwen2 shortly after introducing the closed-source Tongyi Qianwen 2.5, which was noted for its superior Chinese language capabilities compared to OpenAI&#8217;s GPT-4.
Tencent Holding Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) recently launched Yuanbao, a chatbot powered by its Hunyuan LLM.
Alibaba.com, the company&#8217;s B2B cross-border sourcing platform, has <a target="_blank" href="https://www.benzinga.com/news/24/06/39228656/alibaba-projects-60b-gmv-for-2024-plans-new-business-model-breakthroughs" rel="noreferrer noopener">implemented AI-powered</a> tools to connect sellers and buyers, according to platform president Zhang Kuo.
Alibaba is also expanding its <a target="_blank" href="https://www.benzinga.com/news/24/05/39005410/whats-going-on-with-alibaba-stock-on-friday" rel="noreferrer noopener">global cloud computing</a> availability in Mexico and eying new data centers in key markets, including Malaysia, Thailand, and South Korea, over the next three years.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/10060748/newplot-21.png" alt="" class="wp-image-379189" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/10060748/newplot-21.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/10060748/newplot-21-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Alibaba Cloud eyes double-digit growth in the second half of 2024.
Alibaba stock has lost 9% in the last 12 months as it combats cutthroat rivalry and a weak economy. Investors can gain exposure to the stock via Avantis Emerging Markets Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVEM#NYSE">AVEM</a>) and Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>).
Price Action: BABA shares were trading higher by 1.27% at $79.41 at&nbsp;the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Fooksou Lamimo via Wikimedia Commons

Alibaba Claims Its New AI Model Beats Meta's Llama 3, Promising Major Advancements

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) faces competition from Huawei Technologies Co&#8217;s latest AI chip, the Ascend 910B, which a Huawei executive claims matches or surpasses Nvidia&#8217;s A100 in some tests.
The Ascend 910B delivers 80% of the A100&#8217;s efficiency when training large language models and can outperform it by 20% in other tests.
These claims come amid strict US export restrictions that prevent Nvidia from shipping advanced GPUs to China, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3265640/huawei-says-its-ai-chip-better-nvidias-a100-amid-chinas-self-reliance-drive?campaign=3265640&amp;module=perpetual_scroll_0&amp;pgtype=article" rel="noreferrer noopener">reports</a>.
Huawei introduced the Ascend series in 2019 and has built a robust proprietary software and hardware ecosystem.
Despite the constraints, Huawei&#8217;s AI strategy has gained traction, with the Ascend chips adopted by major Chinese tech firms like Tencent Holding Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), and iFlyTek. Huawei&#8217;s AI chips are integral to its goal of achieving technological self-sufficiency in China as it continues to expand its influence in the domestic market.
Analysts have noted Chinese manufacturers&#8217; challenges in producing high-performance AI computing chips using older systems.
AI chips like Nvidia&#8217;s A100 are significantly more extensive and complex than typical smartphone chips.
However, Huawei&#8217;s Ascend 910B and Kunpeng chips have emerged as viable alternatives for domestic AI applications.
According to an analyst, while Huawei&#8217;s best chips are still technologically inferior to Nvidia&#8217;s latest GPUs, the company&#8217;s AI strategy and domestic market adaptations present substantial competition to Nvidia within China.
Reportedly, China&#8217;s leading chip manufacturer, Semiconductor Manufacturing International Corp, has been <a target="_blank" href="https://www.benzinga.com/news/24/06/39150998/xi-jinpings-china-wants-to-delete-america-after-nvidia-others-forced-to-curb-high-end-chip-exports-t" rel="noreferrer noopener">ramping up its</a> chip production with domestic tools.
<a target="_blank" href="https://www.benzinga.com/government/23/12/36173387/nvidia-faces-fierce-competition-in-china-tencent-and-huawei-lead-the-charge" rel="noreferrer noopener">Prior reports indicated</a> Tencent&#8217;s development of AI chips to gain a slice of Nvidia&#8217;s market share, which dominated up to 90% of China&#8217;s $7 billion&nbsp;AI chip market.
Meanwhile, Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and Nvidia <a target="_blank" href="https://www.benzinga.com/government/24/05/38793179/nvidia-in-spotlight-as-chinese-tech-giants-push-for-domestic-ai-solutions" rel="noreferrer noopener">remain committed to</a> the Chinese market with their tailor-made AI chips.
Nvidia recently reached a market valuation of over $3 trillion, beating Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) as the second <a target="_blank" href="https://www.benzinga.com/news/24/06/39207791/whats-going-on-with-nvidia-stock-on-thursday" rel="noreferrer noopener">most valuable company</a>. This Wednesday, Nvidia added close to $150 billion in market cap.
Price Action: NVDA shares were trading lower by 1.15% at $1,196.05 at the last check on Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

AAPL

INTC

Nvidia's AI Chip Has A Tough Competitor From China - Huawei's Latest Ascend 910B

Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has reportedly agreed to purchase certain assets of Indian video streaming service MX Player from local media giant Times Internet in an attempt to enhance its presence in smaller cities and towns in India.
Amazon reached a definitive agreement with Times Internet on Wednesday evening, according to a report from <a target="_blank" href="https://techcrunch.com/2024/06/06/amazon-buys-indian-video-streaming-service-mx-player/" rel="noreferrer noopener">TechCrunch</a>.
The deal, valued at under $100 million, is significantly lower than the $500 million valuation MX Player achieved in its last capital raise.
Amazon is acquiring some assets of MX Player, which also counts Tencent Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) among its investors. This acquisition concludes nearly two years of discussions aimed at finding synergies between the firms, per the report.
Over the past two years, Times Internet and its affiliate, Times Group, have been offloading several digital properties.
In MX Player, Amazon sees a valuable partner for distribution and marketing, especially in smaller Indian cities, the report mentioned, citing a source familiar with Amazon&#8217;s strategy. While Amazon has been popular in urban centers, MX Player is well-loved among more rural demographics.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/05/38967609/amazon-pours-17b-into-cloud-infrastructure-in-spain-report" rel="noreferrer noopener">Amazon Inks&#8217; Largest Technology Investment&#8217; In Spain, Pours $17B Into Cloud Infrastructure</a>
To expand its video streaming offerings, Amazon has introduced various services in India. These include a low-cost Prime subscription and a free ad-supported video service.
The report noted that an Amazon spokesperson confirmed the acquisition, emphasizing the company&#8217;s commitment to introducing new products and services to improve customer experiences.
Reliance and Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) dominate India&#8217;s video streaming market, commanding a combined 55% of monthly active users. MX Player holds a 15% market share, while Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) and Prime Video each account for 3-5%, the report highlighted.
Times Internet acquired MX Player in 2018 and transformed it into a comprehensive streaming platform with diverse content and features.
Amazon stock has gained more than 43% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Consumer&nbsp;Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) and Vanguard Consumer Discretionary ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>)
Price Action: AMZN shares closed higher by 1.08% at $181.28 on Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a href="https://www.benzinga.com/news/24/06/39199916/amazons-zoox-joins-waymo-with-self-driving-tests-on-teslas-home-turf-3-way-robo-rumble-in-texas" target="_blank" rel="noreferrer noopener">Amazon&#8217;s Zoox Joins Waymo With Self-Driving Tests On Tesla&#8217;s Home Turf: 3-Way Robo-Rumble In Texas?</a>
Photo via Shutterstock

Select Sector SPDR-Consumer Discretionary

Amazon Strengthens India Presence With MX Player Asset Acquisition: Report

Adjust&#8217;s 2024 Mobile App Trends report shows that mobile games accounted for 49% of the global games market revenue in 2023, <a href="https://www.benzinga.com/general/gaming/24/01/36747478/game-industry-braces-for-year-of-closures-in-2024-report-says">totaling $90.4 billion. </a>
As <a href="https://www.gamesindustry.biz/mobile-accounted-for-904bn-of-global-games-revenue-in-2023">reported</a> by GamesIndustry.biz, the study — which analyzed data from January 2022 to January 2024 — noted a 6% year-over-year increase in in-app revenue for game apps.
Overall consumer spending, however, declined by 2%, reaching $107 billion.
See Also: <a href="https://www.benzinga.com/general/gaming/24/05/38971439/sony-to-launch-playstation-mobile-games-platform-job-listing-reveals">Sony To Launch PlayStation Mobile Games Platform, Job Listing Reveals</a>
Top apps for consumer spending included Microsoft Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Candy Crush Saga, Tencent Holdings Ltd&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) Honour of Kings, Roblox Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NASDAQ">RBLX</a>) Roblox, Royal Match, and Coin Master. Adjust projects that advertising expenditure will grow significantly, reaching $103 billion in 2024 and $131 billion in 2025.
Despite a global decline in mobile game installs and sessions by 2% and 7% respectively, Q4 2023 showed a slight recovery with a 7% year-over-year increase in installs. 
The LATAM region experienced the highest growth in installs at 19%, followed by Europe, Middle East and Africa at 12%, North America at 6%, and Asia-Pacific at 3%.
In terms of worldwide downloads in 2023, Subway Surfers led the rankings, followed by Free Fire, Roblox, Ludo King, and Candy Crush Saga. 
Among game genres, action games held the largest share of installs at 18%, with hyper casual and puzzle games each capturing 14%. Action games also boasted the highest session rate at 27%, with puzzle and sports genres following at 12%, board games at 7%, and casual games at 6%.
Read Next: <a href="https://www.benzinga.com/markets/asia/24/02/36961933/tencent-develops-elden-ring-mobile-to-revitalize-gaming-portfolio-report">Tencent Develops Elden Ring Mobile To Revitalize Gaming Portfolio: Report</a>
Image credits: Shutterstock.

RBLX

Mobile Games Captured $90.4B, 49% Of Global Market In 2023

Chinese technology stocks are facing a significant downturn, nearing a technical correction due to profit-taking and geopolitical uncertainties.
What Happened: The Hang Seng Tech Index, which tracks Chinese tech stocks listed in Hong Kong, fell by as much as 0.9% on Friday. This decline has pushed the index down more than 10% from its May 20 high, indicating a technical correction, <a href="https://www.bloomberg.com/news/articles/2024-05-31/chinese-technology-stocks-tumble-toward-technical-correction">according</a> to Bloomberg.
Major contributors to the decline include Meituan. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGF#OTC">MPNGF</a>) and Lenovo Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LNVGF#OTC">LNVGF</a>) The sector had previously seen a rally in April, driven by optimism in earnings.
However, recent price cuts to AI services by Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) have raised concerns about profitability. Additionally, ongoing trade tensions with the Group of Seven nations and profit-taking activities have further pressured the sector.
See Also: <a href="https://www.benzinga.com/news/24/05/39033912/amid-china-threat-taiwan-faces-internal-crisis-as-thousands-protest-in-taipei-over-controversial-leg?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amid China Threat, Taiwan Faces Internal Crisis As Thousands Protest In Taipei Over Controversial Legislative Push</a>
Despite these challenges, Chinese tech companies have been actively repurchasing shares this year, using funds from convertible bond issuances or their own resources.
Why It Matters: The decline in Chinese tech stocks is not occurring in isolation. Multiple geopolitical factors are contributing to this downturn. On Friday, China tightened export controls on aviation and aerospace equipment, citing national security concerns. This move came amid <a href="https://www.benzinga.com/news/24/05/39104542/china-cites-national-security-as-it-tightens-export-controls-on-aviation-and-aerospace-equipment-ami">ongoing restrictions from the U.S.</a> on Chinese technology firms.
Earlier in the week, analysts highlighted election risks and potential tariffs impacting companies like PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) and Alibaba Group. These geopolitical issues have led many to assign <a href="https://www.benzinga.com/markets/equities/24/05/39033729/election-risks-and-potential-tariffs-among-other-geo-political-issues-impacting-temus-parent-pdd">zero or even negative</a> value to these companies.
Additionally, China has been ramping up its efforts to bolster its semiconductor industry. On Monday, the country launched a $47.5 billion state fund to support its semiconductor sector amid the <a href="https://www.benzinga.com/markets/asia/24/05/39025251/china-launches-47-5b-state-fund-to-bolster-semiconductor-industry-amid-global-chip-war">global chip war</a>. This move aims to reduce reliance on foreign technology, particularly from the U.S. and its allies.
Moreover, China is setting up its largest semiconductor fund to nurture <a href="https://www.benzinga.com/markets/asia/24/05/39029234/china-a-lost-market-for-nvidia-amd-the-asian-superpower-reportedly-sets-up-biggest-semiconductor-fun">advanced chipmaking capabilities</a>, potentially making the market less accessible for U.S. companies like Nvidia and Advanced Micro Devices.
Investors can capitalize on China&#8217;s developments by diversifying their portfolios with ETFs that provide exposure to the country&#8217;s growth trajectory. ETFs like KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>), iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>), and iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) offer diversified exposure to China's booming internet sector and large-cap companies, presenting compelling investment opportunities.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/39036624/whats-draining-tesla-stock-premarket-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Draining Tesla Stock Premarket Today?</a>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

LNVGF

MPNGF

Alibaba, Tencent Price Cuts Put Chill On China Tech: Profit Squeeze, Trade Tensions Push Stocks Near Correction Zone

Artificial intelligence companies have captivated the markets as the <a href="https://www.benzinga.com/news/events/24/05/39045980/ai-unleashed-ai-leading-the-largest-technology-investment-cycle-in-history-expert-says">proliferation of AI</a> looks to be a major disruptor in several industries. Investors have poured funds into AI exchange-traded funds (ETFs) to diversify their portfolios.
The largest AI ETFs are the Global X Robotics &amp; Artificial Intelligence ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOTZ#NASDAQ">BOTZ</a>), the Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>) and the ROBO Global Robotics And Automation Index ETF (ASX: ROBO). A question to ask is: Have they beaten <a href="https://www.benzinga.com/topic/s-p-500">the overall market</a>?
BOTZ ETF: According to <a href="https://etf.com/">data</a> compiled from etf.com, the BOTZ ETF is the largest AI ETF with $2.76 billion in assets under management. BOTZ has appreciated by 10.63% in year-to-date 2024.
BOTZ&#8217;s largest holdings are NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>),10.45%; ABB Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ABBNY#OTC">ABBNY</a>), 9.24% and Intuitive Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>), 8.24%, all of which have performed well in 2024. Other holdings such as UiPath Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) and Fanuc ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FANUY#OTC">FANUY</a>) have underperformed.
Also Read: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/39066756/chip-stocks-on-the-rise-nvidia-micron-qualcomm-propel-smh-and-soxx-etfs-to-new-52-week-h">Chip Stocks On The Rise: Nvidia, Micron, Qualcomm Propel SMH And SOXX ETFs To New 52-Week Highs</a>
AIQ ETF: The AIQ ETF has $1.88 billion in assets under management while <a href="https://www.etf.com/AIQ">appreciating</a> by 10.33% in year-to-date 2024.
AIQ&#8217;s largest <a href="https://www.etf.com/AIQ">holdings</a> are in NVIDIA, 4.84%; Tencent Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), 3.97% and Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), 3.66%: these equities have outperformed the market in 2024.
ROBO ETF: The ROBO ETF has $1.27 billion in assets under management; ROBO has <a href="https://www.etf.com/ROBO">traded</a> down 0.94% in 2024.
ROBO&#8217;s holdings are more equally weighted than their AI ETF counterparts. ROBO could not capitalize as much on NVIDIA&#8217;s performance as it comprises just 1.82% of the ETF&#8217;s assets. Holdings such as Autodesk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>), 0.95% and OMRON Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/OMRNY#OTC">OMRNY</a>), 1.25%, are down in 2024.
S&amp;P 500 Performance: None of the aforementioned AI ETFs were able to outperform the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks a diversified assortment of 500 of the largest U.S. equities. The S&amp;P has <a href="https://www.etf.com/SPY">appreciated</a> by 11.46% in 2024. Much of the S&amp;P 500&#8217;s performance can be <a href="https://x.com/JasonRaznick/status/1795549353509351552">attributed</a> to its increasingly high weight in tech giants such as NVIDIA, 5.79%; Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), 7.17% and Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), 3.74%.
(Share price data taken at the time of writing on Wednesday.)
Check Out: The average American couple has saved this much money for retirement — <a href="http://www.benzinga.com/money/smartasset" target="_blank" rel="noreferrer noopener">How do you compare</a>?
Photo: Shutterstock

Specialty ETFs

Emerging Market ETFs

ETFs

ABBNY

ADSK

BOTZ

FANUY

ISRG

OMRNY

PATH

QCOM

ROBO

Artificial Intelligence ETFs: Have They Beaten The Market In 2024?

Tencent Holdings Ltd's (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) blockbuster release Dungeon &amp; Fighter Mobile has made a remarkable debut in China, raking in over $140 million in player spending during its first week.
The impressive start cements its place as one of the most lucrative launches in the global gaming market, <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-05-29/dungeon-fighter-mobile-topped-download-and-sales-charts-in-china?srnd=technology-vp&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a> reported.
Released on May 21, DnF Mobile has amassed $63 million on Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) App Store in China, according to market intelligence firm Sensor Tower.
It translates to over $140 million in total player spending across all mobile platforms, including Android stores, as estimated by gaming researcher Niko Partners.
DnF Mobile's Success is based on the popular franchise developed by Nexon Co., which has topped both download and grossing charts over the past week.
With 2.6 million downloads on iPhones in China, the game's popularity even led to a suspension shortly after launch due to server issues.
Long-awaited Arrival in China follows a prolonged delay caused by Beijing's crackdown on the internet industry, which included a halt on game approvals.
Related Read: <a target="_blank" href="https://www.benzinga.com/news/24/05/38941156/alibaba-sparks-ai-price-war-with-massive-discounts-report" rel="noreferrer noopener">Alibaba Sparks AI Price War With Massive Discounts: Report</a>
DnF Mobile's successful entry has provided a boost to Tencent, pushing its other hits like Honor of Kings and Peacekeeper Elite down the charts, thereby securing the top three most profitable games in China last week.
Future Investor Focus is now on whether Tencent can maintain the game's initial success. The company leveraged aggressive marketing, including animated ads in WeChat, to ensure a fast launch.
If sustained, DnF Mobile could generate over $1 billion in sales for Tencent this year, constituting about 5% of its domestic game sales.
Comparative Performance shows that 2020's Genshin Impact by Mihoyo garnered around $60 million globally in its first week, excluding third-party Android stores in China, as per Sensor Tower.
Tencent's Strategy includes ramping up new game launches following the pause in license approvals.
During its annual games event, the company announced over a dozen upcoming titles, including the anticipated console game Black Myth: Wukong.
Price Action: TCEHY shares closed lower by 0.27% at $48.33 at the last check on Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38916567/tiktok-parent-bytedance-overtakes-baidu-in-ai-chatbot-race-in-china-report" target="_blank" rel="noreferrer noopener">TikTok Parent ByteDance Overtakes Baidu In AI Chatbot Race In China: Report</a>
Photo by katjen via Shutterstock

Tencent's New Hit Game DnF Mobile Earns $140M In First Week

Large Cap

NTDOY

Sony Group Corporation American Depositary Shares

SONY

SPOT

What's New In Consumer Tech World Last Week? News That You Should Know (May 19-May 25, 2024)

China&#8217;s leading internet company Tencent (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) and AI firm iFlytek have significantly reduced the prices of their large-language models (LLMs).
What Happened: Tencent&#8217;s cloud unit announced that the &#8220;lite&#8221; version of its LLM, &#8220;Hunyuan,&#8221; is now free, with prices for more advanced versions slashed by 50% to 88%. Hours earlier, iFlytek revealed that its &#8220;Spark&#8221; LLM is either free or up to five times cheaper than similar products from competitors, Reuters reported on Wednesday.
On Tuesday, the cloud units of Chinese tech giants Alibaba and Baidu also reduced prices of their LLMs. Last week, Bytedance made a similar move, intensifying the competition.
Tencent and iFlytek launched ChatGPT-like products in September, aiming to dominate China&#8217;s generative AI market. Both companies claimed their LLMs outperformed U.S.-based OpenAI&#8217;s ChatGPT in certain tasks.
Hefei-based iFlytek, known for its voice recognition technology, stated that Spark Lite is free for public use, while Spark Pro/Max costs only 0.21 yuan per 10,000 tokens. This is significantly cheaper than Baidu&#8216;s Ernie 4.0 and Alibaba&#8216;s Tongyi Qwen-Max.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38944384/3-stocks-to-watch-as-copper-surges-to-record-highs-something-is-cooking-in-china?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">3 Stocks To Watch As Copper Surges To Record Highs: &#8216;Something Is Cooking In China&#8217;</a>
Why It Matters: The price cuts by Tencent and iFlytek <a href="https://www.benzinga.com/news/24/05/38835903/xi-jinpings-china-forges-ahead-with-better-in-house-ai-chips-to-cut-reliance-on-nvidia-other-foreign">come amid China&#8217;s broader push</a> to develop its own AI technologies and reduce reliance on foreign suppliers. This move aligns with China&#8217;s recent advancements in producing high bandwidth memory (HBM) semiconductors, a crucial component in AI chipsets. Chinese chipmakers like CXMT and Wuhan Xinxin have made significant strides in this area, showcasing their progress to clients.
Furthermore, China has introduced a new AI model <a href="https://www.benzinga.com/markets/asia/24/05/38956682/chatgpt-meet-xigpt-china-unveils-new-ai-model-that-speaks-xi-jinpings-thoughts-spouts-official-party">based on President Xi Jinping&#8216;s political philosophy</a>. This model, developed by the China Cyberspace Research Institute, is still in the internal testing phase. The core content of this large language model (LLM) comprises Xi Jinping&#8217;s philosophy and other cyberspace themes that align with the official government narrative. 
Read Next: <a href="https://www.benzinga.com/markets/asia/24/05/38956760/tesla-killer-lands-in-europe-byds-seagull-ev-poised-to-disrupt-with-sub-21k-price-tag-even-after-tou?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Killer Lands In Europe: BYD&#8217;s Seagull EV Poised To Disrupt With Sub-$21K Price Tag Even After Tough</a>
Photo by katjen via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

China Revvs Up LLM Game As Tencent, iFlytek Slash ChatGPT-Like AI Model Prices

U.S. short sellers are speculating that the surge in <a href="https://www.benzinga.com/topic/china">Chinese stocks is over</a>.
Capital will likely shift to emerging markets outside of China. The trend has led to a selloff in Chinese stocks: 
<ul>
<li>Baidu, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>)</li>
<li>JD.com, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>)</li>
<li>Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)</li>
<li>Bilibili Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>)</li>
<li>PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>).</li>
</ul>
Bearish bets against&nbsp;BlackRock&nbsp;Inc's&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) iShares China Large-Cap Exchange Traded Fund, which invests in Hong Kong equities like&nbsp;Tencent Holdings Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) and&nbsp;Meituan&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGY#OTC">MPNGY</a>), have reached their highest since October 2020, as per S&amp;P Global data.&nbsp;
Another iShares ETF that includes&nbsp;both&nbsp;Hong Kong and mainland stocks has seen its highest short interest since February 2021.
Traders have significantly reduced their short positions against the iShares MSCI Emerging Markets ex-China ETF. This shows the lowest level of bearishness in 15 months, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-05-21/short-positions-show-waning-confidence-in-china-stocks-recovery?sref=TBDibEcD" target="_blank" rel="noreferrer noopener">reports</a>. 
Short sellers sell borrowed assets anticipating a price drop to profit from the difference when they return the assets to the lender. A rise in short interest indicates&nbsp;stronger&nbsp;expectations of price declines.
Chinese and Hong Kong stocks have surged, adding $1.6 trillion and $1.2 trillion in market value, respectively,&nbsp;since January after Beijing introduced measures like lower borrowing costs and a $728 billion stimulus.&nbsp;
However, the outcomes have&nbsp;been mixed: while&nbsp;China&#8217;s&nbsp;industrial activity and employment show improvement, consumer demand is weak, and the housing sector is contracting.&nbsp;
Investors are cautious due to the risk of sudden regulatory crackdowns, a persistent issue since 2015.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/21093451/newplot-14.png" alt="" class="wp-image-347877" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/21093451/newplot-14.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/21093451/newplot-14-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Investors can gain exposure to Chinese stocks via IShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) and KraneShares Trust KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>).
Price Actions: 
<ul>
<li>BIDU shares traded lower by 2.58% at $106.06 premarket at last check Tuesday. </li>
<li>JD is down 4.75% at $33.13, BABA is down 2.19% at $86.35, </li>
<li>BILI is down 4.17% at $15.43</li>
<li>PDD is down 1.51% at $144.55.</li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Shutterstock

BILI

MPNGY

Why Are Chinese Stocks Including Baidu, JD And Others Trading Lower Tuesday?

Goldman Sachs has adopted a more optimistic stance on Chinese equities, increasing price targets on domestic indexes and launching a 40-stock China Recovery Portfolio.
Kinger Lau, CFA, and his team at Goldman Sachs see a &#8220;tail-risk compression trade&#8221; in progress, following a substantial rally in Chinese stocks.
The MSCI China Index, as tracked by the iShares MSCI China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NYSE">MCHI</a>), has risen 31% from its lows in late January and 19% in the past month, outperforming most developed and emerging market equity indices. 
According to Goldman Sachs&#8217; historical analysis, there&#8217;s a 60% probability that Chinese stocks will continue to rise after entering a technical bull market, with potential maximum returns averaging 35% over the next six months.
Chart: Chinese Stocks Sharply Rebounded Recently
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/21084644/image-87-1024x495.png" alt="" class="wp-image-347766" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/21084644/image-87-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/21084644/image-87-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/21084644/image-87-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/21084644/image-87-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/21084644/image-87.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">China At An Inflection Point?</h3>
Recent weeks have seen a reduction in property-related risks, and Goldman Sachs noted that China&#8217;s macroeconomic performance has exceeded expectations. The first quarter real GDP growth was 5.3%. 
On the policy front, the Chinese government has introduced several measures to stimulate the property sector, including lowering the minimum down payment ratios by 5 percentage points to 15% for first homes and 25% for second homes, which are the lowest levels on record.
Additionally, the government has removed the minimum mortgage rate floors and has also set up a RMB 300 billion (USD 41 billion) relending facility, which, combined with commercial bank lending, could reach RMB 500 billion. This initiative aims to support local governments in purchasing unsold housing stock for conversion into social housing.
Read also: <a href="https://www.benzinga.com/markets/asia/24/05/38895805/china-goes-all-in-as-beijing-vows-to-buy-unsold-properties-chinese-stocks-rally-copper-hits-all-time">China Goes All In As Beijing Vows To Buy Unsold Properties: Chinese Stocks Rally, Copper Hits All-Time Highs</a>
<h3 class="wp-block-heading">Market Dynamics and Investor Sentiment</h3>
Recently, a &#8216;FOMO&#8217; (fear of missing out) effect has driven the market. 
&#8220;The combination of decade-low allocations to China from both hedge- and long-only mandates and the rapid pace of recovery has caught investors off guard.&#8221; 
This has created performance pressures, prompting investors to close underweight positions or increase their exposure to Chinese stocks, thereby fueling the market&#8217;s upward trend.
However, discussions with global investors reveal concerns about potential disappointments in domestic policies, particularly those related to housing, and the risk of escalating U.S.-China tensions as the U.S. election approaches.
Goldman Sachs analysts pointed out that Chinese equities have become less reactive to bilateral tensions compared to a few years ago. This decreased sensitivity is due to a better understanding and pricing of these risks, which helps explain the strong market momentum despite new tariffs imposed by the Biden administration last week.
&#8220;Our Bull, Base, and Bear cases project 25%, 8%, and -13% potential upside respectively for MSCI China in the next 12 months,&#8221; indicating a favorable risk/reward ratio even if U.S.-China relations were to worsen.
Goldman Sachs has developed a diversified portfolio consisting of 40 Chinese stocks across various sectors and themes. Prominent stocks in this portfolio include Tencent Holding Ltd. (OTCPK: TCEHY), Alibaba Group Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Meituan (OTCPK: MPNGY), BYD Co. Ltd (OTCPK: BYDDY), Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and Trip.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>). 
Read now: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38938354/exclusive-investing-in-ai-diversify-beyond-the-likes-of-nvidia-says-wisdomtrees-cio">EXCLUSIVE: Investing In AI? Diversify &#8216;Beyond The Likes Of NVIDIA&#8217; Says WisdomTree&#8217;s CIO</a>
Image generated using artificial intelligence via Midjourney.

Macro Economic Events

Mid Cap

Broad U.S. Equity ETFs

Econ #s

Economics

BYDDY

TCOM

Goldman Sachs Raises Forecast For Chinese Market: Stock Ideas To Bet On Recovery Momentum

In a&nbsp;major&nbsp;move,&nbsp;Alibaba Group Holding Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) slashed prices on its artificial intelligence services by up to 97%, prompting immediate reactions from competitors&nbsp;Baidu Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) and&nbsp;ByteDance Ltd.&nbsp;
This aggressive pricing strategy&nbsp;is expected&nbsp;to ignite a price war in China's emerging AI sector.
Baidu responded soon with free services based on its Ernie AI models, shortly after Alibaba announced price cuts on nine products utilizing its Tongyi Qianwen technology.&nbsp;
ByteDance had already set the stage last week by offering AI services at prices 99% lower than industry norms, benchmarking against Ernie and Alibaba's Qwen, reported&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-05-21/alibaba-sparks-china-ai-price-war-with-spate-of-steep-discounts?srnd=technology-ai&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
These actions signal the beginning of fierce competition driven by pricing within the AI industry. The sector has attracted massive investments from startups and major tech firms like&nbsp;Tencent Holdings Ltd.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>).&nbsp;
The influx of capital has led to the creation of numerous AI models and&nbsp;a variety of&nbsp;consumer and enterprise products, all vying for a critical user base essential for advancing AI technologies.
For years, Chinese tech companies have used aggressive discount strategies across various markets, including e-commerce and ride-hailing.&nbsp;
Earlier this year, Alibaba triggered widespread price cuts in cloud computing by offering discounts of up to&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/37453606/alibaba-and-jd-com-engage-in-aggressive-price-cutting-intensifying-cloud-services-competition" rel="noreferrer noopener">55% on over 100 domestic services in March.&nbsp;</a>
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/05/38892364/alibaba-boosts-e-commerce-edge-with-ai-despite-shrinking-market-share" rel="noreferrer noopener">Alibaba Boosts E-Commerce Edge with AI, Despite Shrinking Market Share</a>
This move was swiftly matched by&nbsp;JD.com Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), showcasing the highly competitive nature of the market.
Like their Silicon Valley counterparts, Chinese tech giants like Alibaba are heavily investing in generative AI. Besides developing proprietary AI models, they&nbsp;are also funding&nbsp;promising ventures such as Baichuan and Zhipu AI, aligning themselves with the global trend led by companies like&nbsp;Microsoft Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
Amid these developments, Alibaba&nbsp;has undergone a major&nbsp;restructuring to reclaim users for its cloud business, which is integral to its AI operations.&nbsp;
The company recently surprised investors by canceling plans to spin off this segment into an independent, publicly traded entity.&nbsp;
Now under CEO&nbsp;Eddie Wu, Alibaba is concentrating on expanding its public cloud services, particularly those targeting enterprise clients, as it battles for market share against traditional rivals like Baidu and Tencent, as well as&nbsp;state-backed newcomers like&nbsp;Huawei Technologies Co.
BABA stock&nbsp;has gained over&nbsp;2% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;Invesco Golden&nbsp;Dragon China ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>) and&nbsp;ProShares Online&nbsp;Retail ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>)
Price Action: BABA shares were trading lower by 2.55% at $86.03 in premarket at the last check on Tuesday.
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38809034/china-urges-tech-giants-to-shift-away-from-nvidia-and-other-foreign-chip-makers-boost-domestic-a" target="_blank" rel="noreferrer noopener">China Urges Tech Giants To Shift Away From Nvidia And Other Foreign Chip Makers, Boost Domestic AI Chip Purchases: Report</a>
Photo by Fooksou Lamimo via Wikimedia Commons

ONLN

PowerShares Golden Dragon Halter USX China Portfolio

Alibaba Sparks AI Price War With Massive Discounts: Report

Baidu unveils new AI model Ernie 4.0 Turbo, while Bot's users reach 300M

The AI-themed stocks have contributed to half of the returns of the MSCI ACWI - Citi

As China's economy shows signs of steady recovery fueled by resilient exports and strategic policy measures, it might be an opportune time to own three quality Chinese stocks, Tencent Holdings Limited (TCEHY), NetEase (NTES), and JD.com (JD), before June ends. Read on… China's economic recovery is gaining momentum as we navigate through the second quarter of 2024. Fueled by a resilient rebound in exports and strategic policy initiatives, the nation is steering through structural challenges like property sector reforms with cautious optimism.
In light of this, now might be an opportune time to consider investing in three fundamentally strong China stocks: Tencent Holdings Limited (<a href="https://stocknews.com/stock/TCEHY/">TCEHY</a>), NetEase, Inc. (<a href="https://stocknews.com/stock/NTES/">NTES</a>), and JD.com, Inc. (<a href="https://stocknews.com/stock/JD/">JD</a>).
The world's second-largest economy expanded at a healthy pace, exceeding both expectations and last year's results. In the first quarter, China's GDP grew by <a href="https://www.cnbc.com/2024/04/16/chinas-q1-gdp-grew-5point3percent-in-the-first-quarter-beating-expectations.html">5.3% year-over-year</a>, higher than the 5.2% growth seen in the prior quarter and beating economists' forecasts of a 4.6% increase. This positive momentum has been fueled by Beijing's ongoing support measures and a surge in consumer spending during the Lunar New Year festival.
In April, China's industrial sector showed stronger growth momentum, with major industrial enterprises posting a <a href="https://english.news.cn/20240527/eb43f289b7c6452aa261d9f13df2906a/c.html#:~:text=Profits%20of%20China's%20major%20industrial,Statistics%20(NBS)%20said%20Monday.">4% year-over-year profit increase</a>, compared to a 3.5% drop in March. Analysts credit this rebound to supportive government policies and a resurgence in domestic consumption, reflecting broader economic stability.
May continued the upward trend, boasting a 3.7% year-on-year <a href="https://www.cnbc.com/2024/06/17/china-may-retail-sales-beat-expectations-other-metrics-miss.html">rise in retail sales</a> and a solid 5.6% growth in industrial output. Fixed-asset investment also saw a healthy 4% increase in the year's first five months, propelled by strong policy support and festive consumer spending during the May Day holiday.
Looking ahead, Beijing has set a growth target of nearly <a href="https://www.cnbc.com/2024/03/05/china-gdp-target-2024.html">5% for 2024</a>. The country aims to achieve an urban unemployment rate of around 5.5%, create 12 million new urban jobs, and maintain a consumer price index increase of approximately 3%.
Given the country's economic resurgence and a promising macroeconomic outlook, let's now examine the fundamentals of the featured <a href="https://stocknews.com/category/china/">China</a> stocks in detail, beginning with number three:
Stock #3: Tencent Holdings Limited (<a href="https://stocknews.com/stock/TCEHY/">TCEHY</a>)
Headquartered in Shenzhen, China, TCEHY is an investment holding company that offers value-added services (VAS), online advertising, fintech, and business services globally. The company operates through VAS; Online Advertising; FinTech and Business Services; and Others segments.
TCEHY's trailing-12-month EBITDA and levered FCF margins of 32.08% and 23.23% are 69.5% and 177.9% higher than the industry averages of 18.93% and 8.36%, respectively. Also, the stock's 21.22% trailing-12-month net income margin compares favorably to the 2.89% industry average.
For the first quarter that ended March 31, 2024, TCEHY's total revenues increased 6.3% year-over-year to RMB159.50 billion ($21.94 billion). Its gross profit grew 23% from the prior year's quarter to RMB83.87 billion ($11.53 billion). Its non-IFRS operating profit came in at RMB58.62 billion ($8.06 billion), up 30% year-over-year.
In addition, non-IFRS profit attributable to equity holders of the company rose 54.5% from the year-ago value to RMB50.23 billion ($6.91 billion). Also, its <a href="https://www.investopedia.com/terms/e/eps.asp">earnings per share</a> for the quarter stood at RMB4.38, up 66.2% year-over-year.
Street expects TCEHY's revenue and EPS for the second quarter (ending June 2024) to increase 8.5% and 33.9% year-over-year to $22.19 billion and $0.71, respectively. Moreover, the company has surpassed consensus EPS estimates in three of the trailing four quarters, which is impressive.
The stock has gained 29.3% over the past six months to close the last trading session at $47.30.
TCEHY's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
TCEHY has an A grade for Sentiment and a B for Stability. It is ranked #10 out of 39 stocks within the B-rated <a href="https://stocknews.com/category/china/">China</a> industry.
Beyond what is stated above, we've also rated TCEHY for Growth, Value, Momentum, and Quality. Get all TCEHY ratings <a href="https://stocknews.com/stock/TCEHY/">here</a>.
Stock #2: NetEase, Inc. (<a href="https://stocknews.com/stock/NTES/">NTES</a>)
Based in Hangzhou, NTES is engaged in online gaming, music streaming, online intelligent learning services, and internet content services businesses both domestically and internationally. It operates through Games and Related Value-Added Services; Youdao; Cloud Music; and Innovative Businesses and Others segments.
In April, Blizzard Entertainment and NTES announced a renewed publishing deal, paving the way for the sequential return of Blizzard titles to mainland China beginning in the summer of 2024. The renewed publishing agreement includes popular titles like World of Warcraft&#xAE;, Hearthstone&#xAE;, and others from the Warcraft&#xAE;, Overwatch&#xAE;, Diablo&#xAE;, and StarCraft&#xAE; series.
Additionally, NTES entered into an agreement with Microsoft Gaming to explore bringing new NetEase titles to Xbox consoles and other platforms.
The stock's trailing-12-month gross profit and EBITDA margins of 61.92% and 29.12% are 24.4% and 53.8% higher than the 49.77% and 18.93% industry averages, respectively. Its trailing-12-month ROTA of 15.53% compares with the industry average of 1.28%.
NTES' net revenues increased 7.2% year-over-year to RMB26.85 billion ($3.72 billion) for the fiscal first quarter that ended March 31, 2024. Its gross profit grew 14.2% from the year-ago value to RMB17.02 billion ($2.36 billion).
Also, the company's operating profit increased 5.6% from the prior-year quarter to RMB7.62 billion ($1.06 billion). NTES' attributable non-GAAP net income came in at RMB8.51 billion ($1.18 billion) and RMB2.62 per share, representing 12.5% and 12.9% year-over-year improvements.
The consensus EPS estimate of $1.84 for the fiscal third quarter (ending September 2024) represents a marginal improvement year-over-year. The consensus revenue estimate of $3.96 billion for the next quarter indicates a 5.1% increase from the same period last year. The company has an impressive earnings surprise history, surpassing the consensus EPS estimates in three of the trailing four quarters.
Over the past six months, the stock has gained 9.1%, closing the last trading session at $95.58.
NTES' solid prospects are reflected in its POWR Ratings. The stock has an overall rating of B, translating to Buy in our proprietary rating system.
It also has a B grade for Value, Stability, and Quality. Out of the 39 stocks in the same industry, it is ranked #6. To see the other ratings of NTES for Growth, Momentum, and Sentiment, <a href="https://stocknews.com/stock/NTES/">click here</a>.
Stock #1: JD.com, Inc. (<a href="https://stocknews.com/stock/JD/">JD</a>)
Headquartered in Beijing, the People's Republic of China, JD offers computers, communication, consumer electronics, home appliances, and general merchandise products.
JD's trailing-12-month asset turnover ratio of 1.91x is 92.1% higher than the 1.00x industry average. Likewise, the stock's trailing-12-month cash per share of $7.40 is 198.7% higher than the $2.48 industry average.
For the fiscal first quarter, which ended on March 31, 2024, JD's total net revenues increased 7% from the prior-year quarter to RMB260.15 billion ($36.02 billion). Its income from operations stood at RMB7.70 billion ($1.07 billion), up 23.3% year-over-year. The company's attributable non-GAAP net income amounted to RMB8.90 billion ($1.23 billion) and $2.83 per share, reflecting an increase of 17.2% and 18.9% year-over-year, respectively.
Analysts expect JD's revenue for the second quarter (ending June 2024) to increase 6.3% year-over-year to $41.96 billion. Its EPS for the same quarter is projected to grow 6.7% from the prior year to $0.79. Moreover, the company has topped consensus revenue and EPS estimates in each of the trailing four quarters.
However, the stock has lost 5.1% over the past three months to close the last trading session at $25.84.
JD's bright prospects are reflected in its POWR Ratings. The stock has an overall B rating, translating to a Buy in our proprietary rating system.
It also has a B grade for Growth, Value, and Sentiment. Within the same B-rated industry, it is ranked #5. <a href="https://stocknews.com/stock/JD/">Click here</a> to see JD's ratings for Momentum, Stability, and Quality.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
TCEHY shares were unchanged in after-hours trading Friday. Year-to-date, TCEHY has gained 26.26%, versus a 15.22% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/tcehy-ntes-jd-3-china-stocks-to-buy-before-june-ends/>3 China Stocks to Buy Before June Ends</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 China Stocks to Buy Before June Ends

China to develop over 50 new benchmarks for AI arena by 2026 - report

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
With an overbought market and prospects of higher-for-longer interest rates, cash-rich stocks are savvy bets at this point. These companies can generate substantial and free cash flows, which stand out as prudent investments. This financial strength is key for firms to manage debt efficiently throughout any phase of their business cycle.



Let&rsquo;s examine three top cash-rich stocks that have been screened using two key liquidity metrics, including the quick and the cash-to-debt ratios. A cash-to-debt ratio exceeding one shows that a firm can easily cover its debt obligations, pointing to robust financial health. Similarly, a healthy quick ratio, which excludes inventory, reflects stronger liquidity of short-term assets.



All three featured companies shine, with the aforementioned ratios soaring above one. These strong metrics demonstrate their exceptional financial flexibility and capacity to generate impressive long-term free cash flows. Moreover, these numbers position these stocks as leading picks for investors seeking stable growth opportunities.



<h2>Meta Platforms (META)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/meta1600-1-300x169.png" alt="In this photo illustration the Meta logo seen displayed on a smartphone and in the background the Facebook logo"><div>Source: rafapress / Shutterstock.com</div></div>Quick Ratio: 2.68x



Cash-To-Debt Ratio: 1.54x



Tech giant Meta Platforms&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/">META</a>) continues to flex its muscles with its portfolio of the world&rsquo;s top social media and advertising juggernauts, including Instagram and Facebook.



Since Chief Executive Officer (CEO) Mark Zuckerberg declared the &lsquo;Year of Efficiency,&rsquo; last year, we&rsquo;ve seen an incredible turnaround in Meta&rsquo;s fortunes. &nbsp;It continues growing its top-and-bottom-lines at a rapid clip, blowing past estimates in the past five consecutive quarters.



In recent results, <a href="https://seekingalpha.com/filing/8580431?source=section%3Aearnings_summary%7Csection_asset%3Aearnings_history%7Cfirst_level_url%3Asymbol%7Cbutton%3Afiling-10-Q">revenues surged 27%</a> year-over-year (YOY) while net income soared by 117%. Consequently, its <a href="https://seekingalpha.com/symbol/META/cash-flow-statement">levered free cash flow</a> on a trailing twelve-month (TTM) basis stands at $35.1 billion, more than 50% higher than its 2022 figures. Further, it remains an advertising titan, raking in roughly 98% of its Q1 sales from ads.



Thanks to its treasure trove of user data, the company excels in enabling advertisers to target relevant audiences with stunning accuracy. Beyond advertising prowess, Meta Platforms is venturing into the artificial intelligence (AI) landscape with Meta AI. It is revolutionizing interactions on META&rsquo;s platforms by answering queries, solving problems and more.



<h2>Taiwan Semiconductor (TSM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/tsmc1600-300x169.png" alt="Close up photo of microchip (aka semiconductor chip, semiconductor device, Integrated Circuit) hold in tweezers with TSMC (TSM) logo on a background."><div>Source: Ascannio / Shutterstock.com</div></div>Quick Ratio: 2.13x



Cash-To-Debt Ratio: 1.94x



Shares of Taiwan Semiconductor&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/tsm-stock-quote/">TSM</a>) have been on a tear over the past year, supercharged by its pivotal role in the AI revolution. TSM commands a staggering 90% of the AI chip market. As a key player in the AI supply chain, TSM&rsquo;s influence continues to expand with every quarter.



Furthermore, TSM&rsquo;s robust financial health and promising trajectory is underscored by its consistent top-and-bottom-line growth. In Q1, <a href="https://seekingalpha.com/news/4090772-taiwan-semiconductor-gaap-epadr-of-138-beats-by-006-revenue-of-1887b-beats-by-860m">it posted a superb 16.5% increase in sales YOY</a>, while net income grew by 9%, amounting to an impressive 38.1% net profit margin. Moreover, with <a href="https://seekingalpha.com/symbol/TSM/cash-flow-statement">nearly $11 billion in free cash flows</a> on a TTM basis, TSM&rsquo;s financial stability and growth prospects are eye-catching to say the least.



In the upcoming quarters, TSM will likely hike prices, setting the stage for a flood of free cash flows that will bolster its financial prowess. Additionally, the company is boosting its capabilities by opening a powerful new chip packaging plant, enhancing its AI chip production capacity.



<h2>Tencent Holdings (TCEHY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/tcehy-stock-2-300x169.jpg" alt=""><div>Source: testing / Shutterstock.com</div></div>Quick Ratio: 1.45x



Cash-To-Debt Ratio: 1.12x



Tencent Holdings&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/tcehy-stock-quote/">TCEHY</a>) is a true giant in China&rsquo;s tech landscape. It thrives across multiple domains, including video games, fintech and digital advertising. Over the years, Tencent Holdings has become an indispensable part of daily life in China. For instance, its WeChat super-app boasts a whopping 1.2 billion monthly active users.



Despite facing multiple headwinds, including stringent regulations and dampened Chinese consumer spending, TCEHY has navigated these rough waters with aplomb. This is shown in its robust operating results, delivering a strong top-and-bottom-line beat in Q1. <a href="https://www.prnewswire.com/apac/news-releases/tencent-announces-2024-first-quarter-results-302144734.html">Its revenues came in at $22.5 billion</a>, marking an excellent 6% increase YOY. More impressively, its net income surged by a spectacular 62% to $6 billion.



Moreover, in a recent article, <a href="https://investorplace.com/2024/06/3-undervalued-social-media-stocks-to-snap-up-now/">InvestorPlace&rsquo;s own Michael Que</a> highlights how Tencent is positioned enviably to capitalize on China&rsquo;s strong embrace of short-form content. Remarkably, 15% of China&rsquo;s retail products are sold via social channels, three times higher than the U.S. rate, setting Tencent Holdings on a path for continued growth.



On the&nbsp;date of publication, Muslim Farooque did not have (either&nbsp;directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT802110">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT766411">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/07/3-cash-gushing-giants-for-set-it-and-forget-it-investing/">3 Cash-Gushing Giants for Set-It-and-Forget-It Investing</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Cash-Gushing Giants for Set-It-and-Forget-It Investing

China leads generative AI patent filings globally, says UN data - report

China leads generative AI patent filings globally, says UN data

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
If you&rsquo;re looking for relative value in tech after the meteoric rise of the Nasdaq 100 and the Magnificent Seven in the first half, perhaps the social media scene is worth checking out this July. Undoubtedly, the artificial intelligence revolution will change many industries in profound ways that are difficult for some to fathom.



When it comes to social media, AI has already begun to make an impact. And it&rsquo;s not just AI behind the scenes, either, with social-media titan Meta Platforms (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/">META</a>) showing off <a href="https://ai.meta.com/meta-ai/">AI</a> personas to users. Such consumer-facing AIs are intriguing, even entertaining, but they&rsquo;re likely just a hint of what&rsquo;s to come from the AI-first social media and metaverse company.



As Meta&rsquo;s AI, or LLaMA, becomes more capable with every additional billion spent on advancing the technology, rival social-media firms should seek to borrow from Mark Zuckerberg&rsquo;s growth playbook and look to AI to boost engagement and enhance the ad business.



<h2>Reddit (RDDT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/rddt1600-4-300x169.png" alt="Reddit (RDDT) app logo on a smartphone screen."><div>Source: Henry Franklin / Shutterstock.com</div></div>Reddit (NYSE:<a href="https://investorplace.com/stock-quotes/rddt-stock-quote/">RDDT</a>) looks to be a huge IPO success story, with the stock now up around 60% from its opening day close of $46 per share. Undoubtedly, Tuesday&rsquo;s 10% pop powered RDDT stock to a new all-time high of $73 and change.



Indeed, Reddit&rsquo;s traffic has been soaring of late, <a href="https://www.businessinsider.com/reddit-traffic-surges-from-google-search-2024-6">up 39% for May</a>, according to a report issued by Similarweb. And, no, the boom isn&rsquo;t about the latest meme stock frenzy surrounding Roaring Kitty and his latest bets.



Reddit has been <a href="https://www.reuters.com/technology/reddit-ai-content-licensing-deal-with-google-sources-say-2024-02-22/">used on</a> Alphabet&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>, NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>) Google search in recent months. In an age where AI content is scattered throughout the web, many people likely seek a human perspective.



And with Reddit, they&rsquo;re getting just that. It&rsquo;s no wonder why Google is becoming a stepping stone for many seeking an answer to a question, minus the risk of getting an AI-generated hallucination.



With a mere $12.04 billion market cap, RDDT stock still has a high growth ceiling. And in the age of AI, perhaps there&rsquo;s more room for the underrated social-media play to fly.



<h2>Meta Platforms (META)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/meta1600-1-300x169.png" alt="In this photo illustration the Meta logo seen displayed on a smartphone and in the background the Facebook logo"><div>Source: rafapress / Shutterstock.com</div></div>Meta Platforms is in the Magnificent Seven for a reason: it&rsquo;s a growth company that&rsquo;s comfortable stepping outside of its circle of competence into new frontiers &mdash; think AI and the metaverse.



Of course, jumping into an unproven, emerging market can be risky. But so, too, can being complacent and not taking any risks. As a proven capital allocator, investors should trust Zuckerberg as he positions the firm to take only smart, strategic risks.



In any case, Meta doesn&rsquo;t seem to have lost its competitive spirit, as it shoots to become even more magnificent than its six mega-cap tech peers. Though the company has been subject to regulatory scrutiny lately, specifically <a href="https://www.investopedia.com/meta-s-pay-or-consent-personalized-ads-policy-violates-dma-eu-regulators-say-8671876">from the European Union</a>, such news is mostly noise.



At the end of the day, Meta is all about going big or going home. When it comes to AI, Meta is not afraid to open up the checkbook to spend on efforts to advance its positioning in the AI race.



Given what Meta has to gain by swinging for the fences, META stock is a relative AI stock bargain at 29.3 times trailing price-to-earnings.



<h2>Tencent Holdings (TCEHY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/tcehy-stock-3-300x169.jpg" alt="Tencent (TCEHY) sign on Tencent headquarters in Shenzhen, China."><div>Source: StreetVJ / Shutterstock.com</div></div>Tencent Holdings (OTCMKTS:<a href="https://investorplace.com/stock-quotes/tcehy-stock-quote/">TCEHY</a>) is a Chinese internet titan behind the popular social media app Weixin, also known as WeChat, and various video-game studios. On the surface, Weixen seems like just another rival of WhatsApp for Chinese users.



While Weixen is used for keeping up with friends via messaging, the app is also used for posting Moments, similarly to a Facebook feed) paying for things and even running mini-programs. It&rsquo;s the ultimate super app, with more than <a href="https://www.statista.com/statistics/258749/most-popular-global-mobile-messenger-apps/">1.3 billion users</a>. It also provides a common interface, regardless of the smartphone or mobile operating system being used.



At 29.9 times trailing P/E, TCHEY stock looks too cheap, especially given its monopolistic positioning with Chinese users and the ability to upsell them with new services.



On the date of publication, Joey Frenette held shares of Alphabet (Class C). The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://protect-us.mimecast.com/s/YUYqC31vVVI7KAkriDfKi6?domain=investorplace.com/">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Joey Frenette is a seasoned investment writer specializing in technology and consumer stocks. Contributing to the Motley Fool Canada, TipRanks, and Barchart, Joey excels in spotting mispriced stocks with long-term growth potential in a fast-paced market.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT802110">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT766411">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/07/the-3-best-social-media-stocks-to-buy-in-july-2024/">The 3 Best Social Media Stocks to Buy in July 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Best Social Media Stocks to Buy in July 2024

Emerging markets are buzzing with potential, offering higher returns, diversification, and exposure to fast-growing economies like China, India, and Brazil. Hence, it could be wise to invest in robust emerging markets ETFs iShares MSCI Emerging Markets ETF (EEM), Vanguard Emerging Markets Stock Index Fund (VWO), and iShares Core MSCI Emerging Markets ETF (IEMG) that are primed for growth in 2024. Read more… As the world continues evolving, emerging markets shine brightly on the economic stage. Countries like China, India, Brazil, and Mexico are undergoing rapid industrialization and urbanization, which means more consumer spending and investment opportunities. For those looking to diversify and capitalize on this growth, emerging market ETFs could be a smart choice.
Why should you consider investing in emerging market ETFs? These funds offer exposure to a wide range of economies and industries, capturing the dynamic and fast-paced growth that these markets are experiencing.
Below, I have highlighted three fundamentally sound emerging markets ETFs: the iShares MSCI Emerging Markets ETF (<a href="https://stocknews.com/stock/EEM/">EEM</a>), the Vanguard Emerging Markets Stock Index Fund (<a href="https://stocknews.com/stock/VWO/">VWO</a>), and the iShares Core MSCI Emerging Markets ETF (<a href="https://stocknews.com/stock/IEMG/">IEMG</a>). These funds have a high potential for returns and solid growth this year and have earned a ‘Strong Buy' rating in our proprietary rating system.
The International Monetary Fund (IMF) forecasts that the global economy will <a href="https://www.imf.org/en/Publications/WEO/Issues/2024/04/16/world-economic-outlook-april-2024#:~:text=A%20slight%20acceleration%20for%20advanced,in%20both%202024%20and%202025.">grow by 3.2%</a> in both 2024 and 2025. While advanced economies are set to grow at a modest 1.7% to 1.8%, emerging markets and developing economies are projected to surge ahead with a 4.2% growth rate.
What's driving this growth? Large emerging markets are becoming powerhouses of economic expansion, fueled by demographic shifts and an expanding consumer base. For instance, Guyana is predicted to lead the pack with a <a href="https://www.visualcapitalist.com/fastest-growing-emerging-markets-2024-2029/#google_vignette">CAGR of 19.8%</a> from 2024 to 2029.
Mozambique, Rwanda, and Bangladesh follow closely, boasting CAGRs of 7.9%, 7.2%, and 6.8%, respectively. Meanwhile, emerging economies like China, India, Brazil, Indonesia, and Mexico are expected to grow faster than the leading advanced economies over the next decade.
In this thriving landscape, investing in emerging market ETFs can be a strategic move to capture robust growth and diversify your portfolio. With that in mind, let's look at the fundamentals of the top three <a href="https://stocknews.com/category/emerging-markets-equities-etfs/">Emerging Markets Equities ETFs</a>, beginning with number 3.
ETF #3: iShares MSCI Emerging Markets ETF (<a href="https://stocknews.com/stock/EEM/">EEM</a>)
EEM is a fund launched by BlackRock, Inc. and managed by BlackRock Fund Advisors. It invests in public equity markets of global emerging regions and stocks of companies operating across diversified sectors. The fund seeks to track the performance of the MSCI Emerging Markets Index using a representative sampling technique.
The fund has assets under management (AUM) of $19.08 billion. EEM's <a href="https://etfdb.com/etf/EEM/#holdings">top holdings</a> include Taiwan Semiconductor Manufacturing Co., Ltd. (<a href="https://stocknews.com/stock/TSM/">TSM</a>), which has a 9.57% weighting. Tencent Holdings Ltd. (<a href="https://stocknews.com/stock/TCEHY/">TCEHY</a>) is next at 4.16%, followed by Samsung Electronics Co., Ltd. and Alibaba Group Holding Limited (<a href="https://stocknews.com/stock/BABA/">BABA</a>) at 3.72% and 1.86%, respectively.
The ETF has a total of 1212 holdings, with its top 10 assets comprising 26.12% of its AUM. EEM's expense ratio is 0.70%, higher than the category average of 0.50%. Over the past three months, its fund inflows were $215.98 million.
The fund pays an annual <a href="https://www.investopedia.com/terms/d/dividend.asp">dividend</a> of $1.04, translating to a 2.39% yield at the prevailing price level. Its dividend payouts have grown at a 10.9% CAGR over the past three years. The fund's four-year average yield is 2.22%.
Over the past nine months, EEM has gained 16.6% to close the last trading session at $43.45. It has also gained 9.9% over the past six months. The fund's NAV was <a href="https://www.ishares.com/us/products/239637/ishares-msci-emerging-markets-etf">$43.37 as of Jul 03, 2024</a>.
EEM's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. The ETF's overall A rating equates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
EEM has an A grade for Trade and Buy &amp; Hold. Among the 101 ETFs in the A-rated <a href="https://stocknews.com/category/emerging-markets-equities-etfs/">Emerging Markets Equities ETFs</a> group, it is ranked #3. <a href="https://stocknews.com/stock/EEM/">Click here</a> to see EEM's Peer rating.
ETF #2: Vanguard Emerging Markets Stock Index Fund (<a href="https://stocknews.com/stock/VWO/">VWO</a>)
VWO is an exchange-traded fund launched and managed by The Vanguard Group, Inc. It invests in companies' stocks located in emerging markets worldwide, such as China, Brazil, Taiwan, and South Africa. The fund tracks the performance of the FTSE Emerging Markets All Cap China A Inclusion Index by using a representative sampling technique.
With $79.15 billion in AUM, VWO's <a href="https://etfdb.com/etf/VWO/#holdings">top holdings</a> are TSM, with a 7.55% weighting, TCEHY, at 3.56%, and Vanguard Cash Management Market Liquidity Fund and BABA, at 2.21% and 2.06%, respectively. The ETF has 4762 holdings, with its top 10 assets comprising 21.73% of its AUM.
The fund's expense ratio is 0.08%, lower than the category average of 0.50%. VWO fund inflows were $1.3 million over the past five days and $233.32 million over the past year.
VWO pays an annual dividend of $1.40, which translates to a 3.14% yield at the current price level. Moreover, the fund's dividend payouts have increased at CAGRs of 9.2% and 5.1% over the past three and five years, respectively.
VWO has gained 15.8% over the past nine months and 8.7% over the past year to close the last trading session at $44.67. It has a beta of 0.87. The fund's <a href="https://investor.vanguard.com/investment-products/etfs/profile/vwo">NAV was $44.61</a> as of July 3, 2024.
VWO's POWR Ratings reflect solid prospects. It has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
VWO has an A grade for Trade and Buy &amp; Hold. Of the 101 ETFs in the Emerging Markets Equities ETFs group, it is ranked #2.
Beyond what we stated above, we have also given VWO a grade for Peer. Get all VWO ratings <a href="https://stocknews.com/stock/VWO/">here</a>.
ETF #1: iShares Core MSCI Emerging Markets ETF (<a href="https://stocknews.com/stock/IEMG/">IEMG</a>)
IEMG offers outstanding coverage of emerging markets and was launched by BlackRock. It provides comprehensive exposure by including smaller firms in the portfolio. IEMG tracks a market-cap-weighted index of emerging-market firms, covering 99% of market capitalization.
With $79.46 billion in AUM, its <a href="https://etfdb.com/etf/IEMG/#holdings">top holdings</a> are TSM, with an 8.12% weighting, followed by TCEHY, with a 3.53% weighting, and Samsung Electronics Co., Ltd. and BABA, with 3.16% and 1.57%, respectively. IEMG has a total of 2892 holdings, with the top 10 assets comprising 22.17% of its AUM.
The fund's expense ratio is 0.09%, lower than the category average of 0.50%. IEMG fund inflows were $1.57 billion over the past year. It also has a beta of 0.97.
The fund pays an annual dividend of $1.49, which translates to a 2.73% yield at the current price level. Its dividend payouts have grown at a 7.6% CAGR over the past three years, and its four-year average yield is 2.75%.
IEMG has gained 16.6% over the past nine months and 7.8% year-to-date to close the last trading session at $54.53. The fund has a <a href="https://www.ishares.com/us/products/244050/ishares-core-msci-emerging-markets-etf">NAV of $54.44</a> as of Jul 03, 2024.
IEMG's solid fundamentals are reflected in its POWR Ratings. The fund has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
The fund has an A grade for Trade, Buy &amp; Hold, and a B for Peer. IEMG has topped the list of 101 ETFs in the same A-rated group. To access all the POWR Ratings for IEMG, <a href="https://stocknews.com/stock/IEMG/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
VWO shares were trading at $44.67 per share on Thursday morning, up $0.65 (+1.48%). Year-to-date, VWO has gained 9.20%, versus a 16.76% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/vwo-iemg-eem-tsm-tcehy-baba-3-emerging-market-etfs-primed-for-growth-in-2024/>3 Emerging Market ETFs Primed for Growth in 2024</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Emerging Market ETFs Primed for Growth in 2024

Tencent: A Capital Return Play For 2024 And Beyond

ACWI

ASML

IEMG

PIAIF

PNGAY

RDDT

SSNLF

TCTZF

India's MAJOR Gaming Growth!

Fintech

Small Cap

Opinion

Press Releases

Chinese Firms Show Resilient Interest in U.S. IPOs Despite Regulatory Hurdles

Commodities

Tencent Announces Winners of Flagship CarbonX Program to Combat Climate Change

Tencent Deploys AI to Help Researchers Decipher Hidden Meanings in Oracle Bone Scripts

QFIN

QYOUF

TSXV:QYOU

VCIG

Barclays

최근에 마이크로소프트 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)의 후원을 받은 OpenAI가 7월부터 중국의 도구 및 소프트웨어 접근을 제한할 계획을 공식으로 발표했다고 합니다. 
무슨 일이 있었나: ChatGPT의 창조자인 OpenAI는 화요일 <a href="https://www.bloomberg.com/news/articles/2024-06-25/openai-warns-it-will-block-access-to-ai-tools-from-china?srnd=homepage-asia">블룸버그의 보도에 따르면</a> 인터넷 기사의 스크린샷에 따르면 OpenAI는 여러 지역의 개발자들에게 한 통의 메모를 보내 움직임의 의도를 전달했습니다. 이러한 결정은 그 회사의 서비스가 제공되지 않는 나라의 사용자들을 배척하려는 시도로 풀이됩니다. 이에 중국 기술 기업들은 OpenAI의 도구를 사용할 수 있도록 개발자들에게 자사의 제품으로의 전환을 촉구하고 있습니다.
OpenAI의 결정에 대한 구체적인 이유는 아직 알려지지 않았지만, 이러한 결정은 미국 정부가 중국의 고급 인공 지능 기술에 대한 접근을 제한하도록 압력을 가하는 과정과 일치합니다. 중국 내에서 공식적으로 OpenAI의 서비스를 이용할 수 없었던 상황에서도, 개발자들은 기술적으로 가상 사설망(VPN)을 이용하거나 다른 방법을 사용하여 OpenAI의 도구를 사용해왔습니다.
참고 자료: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38582049/ai-adoption-a-do-or-die-moment-for-companies-says-sandboxaq-ceo-theres-going-to-be-winners-and-lose" target="_blank" rel="noreferrer noopener">산드박스AQ 최고경영자 &#8220;AI 도입, 기업에게는 &#8216;죽을지 살지&#8217;의 순간&#8221;</a>
이러한 움직임은 중국 기업들인 바이두 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>)와 Zhipu 같은 스타트업이 미국 업계 리더들과 경쟁할 수 있는 인공 지능 모델을 만들려는 시도를 하는 가운데 나타났습니다. 동시에 미국은 중국이 미국의 국가 안보를 위협할 수 있는 민감한 기술을 개발할 능력을 제한하려는 움직임을 보이고 있습니다.
OpenAI는 Benzinga에게 보낸 질문에 아직 답변하지 않았습니다.
왜 중요한가: OpenAI의 이러한 움직임은 중국의 스파이 활동에 대한 우려가 높아지는 가운데, 구글 등 미국의 기술 기업들이 보안 조치를 강화하는 추세를 따르고 있습니다. OpenAI는 또한 중국, 러시아, 이란 및 이스라엘과 연결된 네트워크에 의해 그 회사의 인공 지능 <a href="https://www.benzinga.com/news/24/05/39107044/from-ukraine-to-gaza-openai-reveals-its-ai-models-exploited-for-global-disinformation-by-russia-chin">모델이</a> 세계적으로 왜곡된 정보를 전파하는 데 악용되었다고 밝혔습니다.
중국은 대통령 시진핑의 정치 철학을 기반으로 한 대형 언어 모델과 같은 <a href="https://www.benzinga.com/markets/asia/24/05/38956682/chatgpt-meet-xigpt-china-unveils-new-ai-model-that-speaks-xi-jinpings-thoughts-spouts-official-party">자체 인공 지능 모델을 개발</a>해왔습니다.
뿐만 아니라 Apple의 AI 기능이 중국에서도 제공될 수 있다는 가능성을 제기했습니다.
다음 내용 읽기: <a href="https://www.benzinga.com/news/24/06/39449884/twitter-co-founder-jack-dorsey-thinks-deepfakes-are-taking-us-toward-a-simulated-future-elon-musk-as?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Twitter 공동 창업자 잭 도시, &#8220;딥 페이크는 우리를 시뮬레이션 미래로 이끌고 있어&#8221;</a>
사진: 셔터스톡을 통해
이 소식은 <a href="https://www.benzinga.com/author/benzinga-neuro">벤징가 뉴로</a>의 정보를 활용해 <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>가 편집한 내용입니다.

시크릿 모드(Secret Mode) 및 기타 게임 개발들의 모회사인 텐센트 홀딩스(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>)의 스모 그룹(Sumo Group)은 <a href="https://www.benzinga.com/topic/gaming-industry" target="_blank" rel="noopener">게임 산업</a>이 직면한 어려움을 언급하면서 직원의 15%에 영향을 미치는 해고를 발표했다. 스모 그룹은 2022년 1월에 12억 7,000만 달러에 텐센트에 인수되었다.
스모 그룹은 <a href="https://www.sumogroupltd.com/news/2024/sumo-group-update/">성명서</a>에서 다음과 같이 말했다: &#8220;다양한 방법으로 비즈니스 전반에 걸쳐 비용을 절감하려는 어려운 결정은 이러한 문제의 직접적인 결과이며 불행하게도 비즈니스에서 지원할 수 있는 인력의 감소도 포함된다.&#8221;
관련 기사: <a href="https://www.benzinga.com/general/gaming/24/01/36747478/game-industry-braces-for-year-of-closures-in-2024-report-says">보도에 따르면 게임 산업은 2024년 &#8216;폐업의 해&#8217;를 앞두고 있다</a>
그들은 &#8220;우리 직원들에게 미치는 영향을 제한하기 위한 모든 대체 경로를 고려하고 있지만 안타깝게도 이 변화 과정은 캐나다, 영국, 폴란드, 체코 및 인도에 있는 그룹 전체 직원들의 최대 15%에게 영향을 미칠 것이다&#8221;라고 덧붙였다.
약 1,790명의 직원 중 약 250명이 해고로 인해 영향을 받게 된다. <a href="https://x.com/sweetpotatoes/status/1800565013700280422" target="_blank" rel="noreferrer noopener">폴리곤(Polygon)의 기자 니콜 카펜터(Nicole Carpenter)</a>에 따르면 AAA 게임에 중점을 둔 스모 그룹 내 스튜디오인 팀버 게임(Timbre Games)의 폐쇄는 이러한 결정의 결과일 수 있다고 한다.
스모 그룹은 이 과정에서 직원들이 직면한 어려움을 인정했다. &#8220;이것은 스모의 모든 사람에게 어려운 상황이다.&#8221; 이 보도 자료에서 회사는 상황을 해결하기 위해 직원들을 지원하고 파트너들과 협력하는 데 중점을 두었다.
더 넓은 맥락에서는 테이크 투 인터랙티브 소프트웨어(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), 마이크로소프트(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), 스퀘어 에닉스 홀딩스(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SQNXF#OTC">SQNXF</a>)와 같은 주요 업체들도 최근 정리해고를 발표하면서 업계 내 광범위한 문제를 강조한다.
2023년에는 1만명 이상의 게임 개발자들이 이 같은 구조조정의 영향을 받았으며, 이러한 추세가 2024년에도 계속될 전망이다.
다음 기사: <a href="https://www.benzinga.com/general/gaming/24/01/36601387/2024-gaming-industry-shakeup-over-2-700-layoffs-revealed-in-past-11-days" target="_blank" rel="noopener">2024년 게임 산업 개편: 지난 11일 동안 2,700명 이상의 해고가 밝혀졌다</a>
사진: 셔터스톡

생성형 AI에 막대한 투자를 하고 있는 알리바바 그룹 홀딩(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)은 특정 작업에서 메타 플랫폼(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)의 라마(Llama) 3를 능가한다고 주장하면서 자사의 오픈 소스 AI 모델을 업데이트했다.
알리바바 클라우드는 통이첸웬(Tongyi Qianwen) 대규모 언어 모델(LLM)의 두 번째 버전인 큐원2(Qwen2)를 출시했다. 이 버전은 다국어 사전 훈련과 더 긴 질문 및 답변을 위한 확장된 컨텍스트 창을 특징으로 한다.
사우스 차이나 모닝 포스트(SCMP)의 <a href="https://www.scmp.com/tech/big-tech/article/3265845/alibaba-says-new-ai-model-qwen2-bests-metas-llama-3-tasks-maths-and-coding" target="_blank" rel="noopener noreferrer">보도</a>에 따르면 5가지 변형으로 제공되는 큐원2는 다양한 분야의 벤치마크에서 메타의 라마 3-70B 모델보다 지속적으로 우수한 성능을 보였다.
이 회사는 오픈AI의 GPT-4에 비해 뛰어난 중국어 능력으로 주목받은 비공개 소스 통이첸웬 2.5를 선보인 직후 큐원2를 공개했다.
텐센트 홀딩(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>)은 최근 훈위안(Hunyuan) LLM이 제공하는 챗봇인 위안바오(Yuanbao)를 출시했다.
이 회사의 B2B 국경 간 소싱 플랫폼인 알리바바닷컴(Alibaba.com)은 <a href="https://www.benzinga.com/news/24/06/39228656/alibaba-projects-60b-gmv-for-2024-plans-new-business-model-breakthroughs" target="_blank" rel="noopener noreferrer">판매자와 구매자를 연결하는</a> AI 기반 도구를 구현했다고, 이 플랫폼 사장인 장 쿼(Zhang Kuo)가 말했다.
또한 알리바바는 멕시코에서 자사의 <a href="https://www.benzinga.com/news/24/05/39005410/whats-going-on-with-alibaba-stock-on-friday" target="_blank" rel="noreferrer noopener">글로벌 클라우드 컴퓨팅</a> 가용성을 확장하고 향후 3년 동안 말레이시아, 태국, 한국을 포함한 주요 시장에 새로운 데이터 센터를 마련하는 데 주력하고 있다.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" class="wp-image-379189" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/10060748/newplot-21.png" sizes="(max-width: 750px) 100vw, 750px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/10060748/newplot-21.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/10060748/newplot-21-300x260.png 300w" alt="" width="750" height="650" /></figure>
알리바바 클라우드는 2024년 하반기 두 자 수 성장을 목표로 삼고 있다.
알리바바 주식은 치열한 경쟁과 취약한 경제로 인해 지난 12개월 동안 9% 하락했다. 투자자들은 Avantis Emerging Markets Equity ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVEM#NYSE">AVEM</a>) 및 Global X Artificial Intelligence &amp; Technology ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>)를 통해 해당 주식에 노출될 수 있다.
주가 움직임: 알리바바의 주식은 월요일 미 동부 시간 오후 2:26에 1.30% 상승한 79.43달러에 거래되었다.
면책 조항: 이 콘텐츠의 일부는 인공지능 도구를 활용한 부분이 있으며 Benzinga 편집자들이 검토하고 발행했습니다.
사진은 위키미디어 커먼즈를 통해 Fooksou Lamimo가 제공한 사진입니다.

엔비디아(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)는 화웨이 테크놀로지스의 최신 AI 칩인 어센드(Ascend) 910B와의 경쟁에 직면해 있다. 화웨이의 경영진은 일부 테스트에서 엔비디아의 A100과 일치하거나 능가한다고 주장한다.
어센드 910B는 대규모 언어 모델을 훈련할 때 A100 효율성의 80%를 제공하고, 다른 테스트에서는 20% 더 나은 성능을 발휘할 수 있다.
사우스 차이나 모닝 포스트(SCMP)의 <a href="https://www.scmp.com/tech/big-tech/article/3265640/huawei-says-its-ai-chip-better-nvidias-a100-amid-chinas-self-reliance-drive?campaign=3265640&amp;module=perpetual_scroll_0&amp;pgtype=article" target="_blank" rel="noreferrer noopener">보도</a>에 따르면 이러한 주장은 엔비디아가 고급 GPU를 중국으로 배송하는 것을 막는 엄격한 미국 수출 제재 속에서 나온 것이다.
화웨이는 2019년에 어센드 시리즈를 출시했으며 강력한 독점 소프트웨어 및 하드웨어 생태계를 구축했다.
이러한 제재에도 불구하고 화웨이의 AI 전략은 텐센트(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), 바이두(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), 아이플라이텍(iFlyTek)과 같은 중국의 주요 기술 기업들이 어센드(Ascend) 칩을 채택하면서 견인력을 얻었다. 화웨이의 AI 칩은 중국 시장에서 영향력을 지속적으로 확대하는 가운데 중국에서 기술 자급자족을 달성하려는 목표에 필수적인 요소이다.
분석가들은 구형 시스템을 사용하여 고성능 AI 컴퓨팅 칩을 생산하는 데 있어 중국 제조업체들의 어려움을 지적했다.
엔비디아의 A100과 같은 AI 칩은 일반적인 스마트폰 칩보다 훨씬 더 광범위하고 복잡하다.
그러나 화웨이의 어센드 910B와 쿤펭(Kunpeng) 칩은 국내 AI 애플리케이션을 위한 실행 가능한 대안으로 떠올랐다.
한 분석가에 따르면 화웨이의 최고의 칩은 여전히 ​​엔비디아의 최신 GPU보다 기술적으로 열등하지만 이 회사의 AI 전략과 국내 시장 적응은 중국 내에서 엔비디아와 상당한 경쟁을 벌이게 된다.
보도에 따르면 중국 최고의 칩 제조업체인 중국 인터내셔널 반도체(SMIC)는 국내 도구를 사용하여 칩 생산을 <a href="https://www.benzinga.com/news/24/06/39150998/xi-jinpings-china-wants-to-delete-america-after-nvidia-others-forced-to-curb-high-end-chip-exports-t" target="_blank" rel="noreferrer noopener">늘려</a> 왔다.
<a href="https://www.benzinga.com/government/23/12/36173387/nvidia-faces-fierce-competition-in-china-tencent-and-huawei-lead-the-charge" target="_blank" rel="noreferrer noopener">이전</a> 보도들에 따르면 텐센트의 AI 칩 개발은 중국 70억 달러 규모 AI 칩 시장의 최대 90%를 장악한 엔비디아의 시장 점유율 일부를 확보하기 위한 것이었다.
한편 인텔(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)과 엔비디아는 맞춤형 AI 칩을 통해 중국 시장에 계속 전념하고 있다.
엔비디아는 최근 3조 달러가 넘는 시장 가치에 도달하여 애플(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)을 제치고 두 번째로 가치 있는 기업이 되었다. 이번 수요일 엔비디아는 거의 시가총액 1,500억 달러을 추가했다.
주가 움직임: 금요일 엔비디아의 주가는 0.091% 하락한 1,208.88달러에 마감했다.
책임의 한계: 이 기사는 AI 도구의 지원을 받아 제작된 바 있으며, Benzinga 편집자들이 검토하고 발표한 바입니다.

엔비디아의 AI 칩은 중국 경쟁 업체인 화웨이의 최신 어센드 910B와 치열한 경쟁

중국 기술주는 차익실현과 지정학적 불확실성으로 인해 기술적 조정에 가까워지는 등 상당한 하락세를 보이고 있다.
사건의 전말 (What Happened): 홍콩에 상장된 중국 기술주를 추적하는 항셍테크지수는 금요일 0.9%나 하락했다. 블룸버그에 <a href="https://www.bloomberg.com/news/articles/2024-05-31/chinese-technology-stocks-tumble-toward-technical-correction">따르면</a> 이러한 하락으로 인해 이 지수는 5월 20일 최고치보다 10% 이상 하락했으며 이는 기술적 조정을 나타낸다.
이번 하락의 주요 원인으로는 메이투안(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGF#OTC">MPNGF</a>)과 레노버 그룹(OTC:<a class="ticker" href="https://www.benzinga.com/stock/LNVGF#OTC">LNVGF</a>)이 있다. 이 부문은 이전에 실적에 대한 낙관적인 전망에 힘입어 4월에 상승세를 보였다.
그러나 최근 알리바바 그룹 홀딩(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)과 텐센트 홀딩스(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>)의 AI 서비스 가격 인하로 인해 수익성에 대한 우려가 높아졌다. 또한, G7 국가와의 지속적인 무역 긴장과 이익 추구 활동으로 인해 해당 부문은 더욱 압박을 받고 있다.
차기 이벤트까지 기다릴 필요가 없는 주식 <a href="https://www.benzinga.com/news/24/05/39033912/amid-china-threat-taiwan-faces-internal-crisis-as-thousands-protest-in-taipei-over-controversial-leg?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">중국 기업 어떻게 투자할까</a>
이러한 어려움에도 불구하고 중국 기술 기업들은 올해 전환사채 발행 자금이나 자체 자원을 활용해 적극적으로 자사 주식을 매입해 왔다.
왜 중요한가 (Why It Matters): 중국 기술주의 하락은 단독으로 발생하는 것이 아니다. 여러 지정학적 요인이 이러한 하락에 기여하고 있다. 지난 금요일, 중국은 국가 안보 문제를 이유로 항공 및 우주항공 장비에 대한 수출 통제를 강화했다. 이러한 움직임은 미국이 중국 기술 기업에 대해 지속적인 <a href="https://www.benzinga.com/news/24/05/39104542/china-cites-national-security-as-it-tightens-export-controls-on-aviation-and-aerospace-equipment-ami">제재</a>를 가하는 가운데 이루어졌다.
이번 주 초 분석가들은 PDD 홀딩스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) 및 알리바바 그룹과 같은 회사들에 영향을 미치는 선거 위험과 잠재적 관세를 강조했다. 이러한 지정학적 문제로 인해 많은 분석가들이 해당 기업들에 0 또는 심지어 부정적인 <a href="https://www.benzinga.com/markets/equities/24/05/39033729/election-risks-and-potential-tariffs-among-other-geo-political-issues-impacting-temus-parent-pdd">가치를</a> 부여하게 되었다.
이와 함께 중국은 반도체 산업 육성을 위한 노력을 강화하고 있다. 월요일, 중국은 글로벌 칩 전쟁 중에 반도체 부문을 지원하기 위해 475억 달러의 <a href="https://www.benzinga.com/markets/asia/24/05/39025251/china-launches-47-5b-state-fund-to-bolster-semiconductor-industry-amid-global-chip-war">국책 기금</a>을 출시했다. 이러한 움직임은 특히 미국과 그 동맹국들의 외국 기술에 대한 의존도를 줄이는 것을 목표로 한다.
더욱이 중국은 <a href="https://www.benzinga.com/markets/asia/24/05/39029234/china-a-lost-market-for-nvidia-amd-the-asian-superpower-reportedly-sets-up-biggest-semiconductor-fun" target="_blank" rel="noopener">고급 칩 제조 역량</a>을 육성하기 위해 최대 규모의 반도체 펀드를 조성하고 있으며, 이로 인해 엔비디아 및 어드밴스드 마이크로 디바이시스와 같은 미국 기업들의 시장 접근성이 낮아질 가능성이 있다.
투자자들은 중국의 성장 궤도에 대한 노출을 제공하는 ETF로 포트폴리오를 다양화함으로써 중국의 발전을 활용할 수 있다. KraneShares CSI China Internet ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>), iShares MSCI China ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>), iShares China Large-Cap ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>)와 같은 ETF는 중국의 급성장하는 인터넷 부문과 대형 기업에 대한 다양한 노출을 제공하여 매력적인 투자 기회를 제시한다.
이미지 제공: 셔터스톡 (Shutterstock)
이 기사는 <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a>를 사용하여 <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>가 편집했습니다.

알리바바와 텐센트의 가격 인하로 中 기술 업계 냉각: 이익 압박, 무역 긴장에 주가 하락

EU는 인공지능(AI) 법에 최종 승인을 내렸고, 한국은 반도체 산업을 지원하고, 대만은 TSMC의 보호를 확신하고, 중국의 텐센트(Tencent)와 아이플라이텍(iFlytek)은 LLM 가격을 인하했으며, 마이크로소프트는 &#8220;콜 오브 듀티(Call of Duty) 6&#8243;를 예고하고 소니는 플레이스테이션(PlayStation) 모바일 플랫폼을 개발하고 있다.
유럽의회는 <a href="https://www.benzinga.com/news/24/05/38934737/eu-enacts-worlds-first-ai-regulation-first-compliance-trigger-will-aim-to-tackle-ai-systems-that-pos" target="_blank" rel="noreferrer noopener">AI 규제에 대한 글로벌 표준</a>을 확립할 선구적인 법률인 AI법에 최종 승인을 내렸다.
한국은 <a href="https://www.benzinga.com/news/24/05/38978591/south-korea-pumps-19b-into-semiconductor-industry-to-stay-competitive" target="_blank" rel="noreferrer noopener">반도체 부문의 경쟁력</a>을 유지하기 위해 26조원(190억 달러)의 지원 패키지를 발표했다.
중국 시진핑 정권의 위협이 커지는 상황에서 대만의 신임 과학기술부 장관 우청원(吳誠文)은 이 섬의 가장 중요한 회사인 대만 반도체 제조(TSMC)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)가 <a href="https://www.benzinga.com/news/24/05/38960732/amid-creeping-chinese-threat-taiwans-new-tech-minister-expresses-confidence-tsmc-can-guard-its-secre" target="_blank" rel="noreferrer noopener">해외 확장을 추진</a>하면서도 첨단 기술을 보호할 수 있을 것이라고 확신한다.
중국 최대의 인터넷 기업인 텐센트(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>)와 AI 기업인 아이플라이텍(iFlytek)은 <a href="https://www.benzinga.com/news/24/05/38966074/china-revvs-up-llm-game-as-tencent-iflytek-slash-chatgpt-like-ai-model-prices" target="_blank" rel="noreferrer noopener">대형 언어 모델(LLM)</a>의 가격을 대폭 인하했습니다.
<h3>게이밍</h3>
마이크로소프트(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) 액티비전은 <a href="https://www.benzinga.com/general/gaming/24/05/38974125/call-of-duty-black-ops-6-teaser-unveiled" target="_blank" rel="noreferrer noopener">첫 번째 티저를 공개</a>하면서 ‘콜 오브 듀티: 블랙 옵스(Black Ops) 6&#8217;의 마케팅 캠페인을 시작했다.
소니 그룹(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>)은 <a href="https://www.benzinga.com/general/gaming/24/05/38971439/sony-to-launch-playstation-mobile-games-platform-job-listing-reveals" target="_blank" rel="noreferrer noopener">900억 달러 규모의 모바일 게임 시장</a>에 합류하기 위해 플레이스테이션 모바일 플랫폼을 개발하고 있다. 또한 최근에는 &#8216;소니의 크리에이티브 엔터테인먼트 비전&#8217;이라는 제목의 유튜브 동영상을 공개하여 <a href="https://www.benzinga.com/general/gaming/24/05/38992938/watch-what-a-sony-playstation-controller-might-look-like-in-2034" target="_blank" rel="noreferrer noopener">향후 10년 동안 게임</a>이 어떤 모습일지 엿볼 수 있다.
닌텐도 ADR(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>)는 명성 있는 게임인 ‘호그와트 레거시(<a href="https://www.benzinga.com/general/gaming/24/05/38946427/nintendo-acquires-hogwarts-legacy-port-developer-shiver-entertainment-ahead-of-switch-2-launch" target="_blank" rel="noreferrer noopener">Hogwarts Legacy</a>)&#8217;와 ‘모탈 컴뱃(Mortal Kombat) 1&#8217;의 닌텐도 스위치 포트를 담당한 팀인 시버 엔터테인먼트(Shiver Entertainment)을 인수했다.
<h3>기술</h3>
엔비디아(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)의 CEO 젠슨 황(Jensen Huang)은 <a href="https://www.benzinga.com/news/24/05/38931326/nvidia-ceo-jensen-huang-sees-dell-partnership-as-key-to-wider-ai-adoption-its-not-about-just-deliver" target="_blank" rel="noreferrer noopener">인공 지능 기술의 범위를 확장</a>하는 데 있어 델 테크놀로지스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>)와의 파트너십의 중요성을 강조했다.
또한 젠슨 황은 <a href="https://www.benzinga.com/news/24/05/38981319/jensen-huang-says-other-blackwells-coming-even-as-nvidia-gears-up-for-lot-of-blackwell-revenue-this" target="_blank" rel="noreferrer noopener">2024년 3월 분기</a>에 예상보다 나은 결과를 제공한 최신 블랙웰(Blackwell) 칩에 대해 낙관적이다.
삼성전자(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>)의 최신 고대역폭 메모리(HBM) 칩이 엔비디아가 AI 프로세서에 사용하기 위해 실시한 테스트를 통과하지 못한 것으로 알려졌다. 이 실패는 열 및 전력 소비와 관련된 문제로 인해 발생했다.
LG그룹은 <a href="https://www.benzinga.com/top-stories/24/05/38926027/meta-and-lg-slow-down-xr-collaboration-as-lg-considers-amazon-partnership-report" target="_blank" rel="noreferrer noopener">합작 투자가 발표</a>된 지 불과 3개월 만에 애플(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)의 비전 프로(Vision Pro) 헤드셋과 경쟁하기 위한 확장 현실(XR) 장치를 개발하기 위해 메타 플랫폼(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)과의 파트너십을 일시 중단한 것으로 알려졌다.
마이크로소프트(MS)는 월요일 <a href="https://www.benzinga.com/news/24/05/38922166/microsoft-to-unveil-new-surface-devices-at-redmond-event" target="_blank" rel="noreferrer noopener">워싱턴주 레드몬드 캠퍼스</a>에서 열리는 행사에서 소비자 기기를 위한 새로운 하드웨어와 소프트웨어를 공개할 예정이다. 또한 빌드(Build) 개발자 컨퍼런스에서 윈도우(Windows) 11 사용자를 위한 &#8216;리콜(Recall)&#8217;이라는 새로운 기능을 공개했다. 이 기능은 <a href="https://www.benzinga.com/news/24/05/38936178/how-to-turn-off-photographic-memory-feature-in-windows-called-recall-that-elon-musk-likened-to-a-bla" target="_blank" rel="noreferrer noopener">사용자 활동을 기록하고 분류</a>하여 쉽게 검색할 수 있도록 한다.
MS는 이번 주에 연례 빌드 개발자 컨퍼런스를 시작할 예정이며, 여기서 회사는 AI 이니셔티브와 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38918791/microsofts-build-conference-this-week-to-showcase-ai-push-new-products-and-more-her" target="_blank" rel="noreferrer noopener">신제품 출시</a>를 강조할 예정이다. 이 회사는 고급 AI를 위해 애저(<a href="https://www.benzinga.com/top-stories/24/05/38949565/microsoft-unveils-5-game-changing-ai-tools-at-build-2024-conference" target="_blank" rel="noreferrer noopener">Azure</a>)에서 파이-3-비전(Phi-3-vision), 자율 코파일럿(Copilot) AI 에이전트 및 GPT-4o 통합을 공개했다.
이 회사는 또한 ARM의 윈도우(Windows on Arm), 서피스(Surface) AI PC에 대한 업데이트와 <a href="https://www.benzinga.com/news/24/03/37525771/microsoft-engineer-raises-alarm-over-ai-tool-copilot-generating-disturbing-graphic-content-ignoring" target="_blank" rel="noreferrer noopener">마이크로소프트 코파일럿 AI</a> 개선 사항도 도입했다. MS의 CEO 사티아 나델라(Satya Nadella)는 <a href="https://www.benzinga.com/news/24/05/38931937/microsoft-touts-ai-capable-surface-notebooks-58-faster-than-m3-macbook-air-we-have-essentially-the-b" target="_blank" rel="noreferrer noopener">애플의 맥북(MacBook)보다</a> 성능이 뛰어나도록 설계된 이 회사의 새로운 AI 기반 PC에 대해 말했다.
MS의 사장 브래드 스미스(Brad Smith)는 회사가 UAE 지원 AI 회사인 G42와의 거래에 <a href="https://www.benzinga.com/news/24/05/38979618/microsofts-uae-deal-could-transfer-key-us-ai-tech-abroad-amid-national-security-concerns" target="_blank" rel="noreferrer noopener">고급 AI 기술 이전</a>이 포함될 수 있음을 밝혔다.
<h3>소셜 미디어 및 스트리밍 플랫폼</h3>
바이트댄스(ByteDance)의 틱톡(TikTok)은 더 긴 동영상 업로드를 시도하고 있으며 일부 사용자는 최대 60분 길이의 동영상을 게시할 수 있다. 틱톡이 테크크런치(TechCrunch)에서 확인한 이 기능은 현재 특정 그룹으로 제한되어 있으며 더 넓은 범위의 출시에 대한 즉각적인 <a href="https://www.benzinga.com/news/24/05/38923379/tiktok-tests-hour-long-videos-what-you-need-to-know" target="_blank" rel="noreferrer noopener">계획</a>은 없다.
틱톡은 조 바이든 대통령의 <a href="https://www.benzinga.com/news/24/05/38960586/tiktok-plans-layoffs-amid-pressure-from-joe-bidens-new-law-with-divestment-ultimatum-report" target="_blank" rel="noreferrer noopener">매각 또는 금지</a>를 강요하는 새로운 법안에 맞서 싸우면서 운영, 콘텐츠 및 마케팅 부서에서 상당수의 직원을 해고할 계획인 것으로 알려졌다.
넷플릭스(NASDAQ:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/nflx" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for NFLX">NFLX</a>)의 인기 시리즈 &#8216;베이비 레인디어(Baby Reindeer)&#8217;는 잠재적인 법적 조치를 받을 수 있다. 피어스 모건(Piers Morgan)에 따르면 이는 스트리밍 플랫폼, 시리즈의 기반이 되는 코미디언인 리처드 가드(Richard Gadd) 및 제작자인 클러큰웰 필름(<a href="https://www.benzinga.com/general/entertainment/24/05/38930697/netflixs-baby-reindeer-could-face-legal-action-piers-morgan-says-its-a-big-problem-for-the-" target="_blank" rel="noreferrer noopener">Clerkenwell Films</a>)에 &#8216;큰 문제&#8217;가 될 수 있다.
엘론 머스크는 인도네시아에 스타링크의 위성 인터넷 서비스를 시작한 것에 대해 칭찬받았다. 이 동작은 이 회사가 이 나라의 원격 지역에 대한 연결성을 향상시키려는 목적으로 이뤄진 것으로 보인다.
엘론 머스크는 애플, 월트 디즈니 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NASDAQ">DIS</a>)와 같은 회사들이 틱톡에 광고를 게재한 것과 관련해 중요한 질문을 제기했다.
엘론 머스크는 X의 커뮤니티 노트(Community Notes)의 정확성을 칭찬했으며 이는 이 노트가 유저들의 헷갈리게 하는 게시물을 식별하는 데 있어서 효과적이라는 점을 강조한 것으로 보인다.
<div class="ticker-wrapper">
<div class="sc-juxClc eNmVJi ticker-box-wrapper">
<div class="sc-kgTdLl ksyWUG get-report-button flex">
<div class="flex items-center ml-2 text-sm text-blue-500">
<h3 class="block core-block">스마트폰</h3>
애플은 많은 기대를 모으는 9월 이벤트에서 아이폰 16을 공개할 예정이다. 새로운 아이폰은 특히 <a href="https://www.benzinga.com/tech/24/05/38919616/apples-groundbreaking-iphone-16-could-spark-another-stock-surge-building-on-an-800-growth-over-the-l" target="_blank" rel="noreferrer noopener">배터리 기술의 상당한 발전</a>을 통해 모바일 기술을 재정의할 것을 약속한다.
애플 아이폰 16 프로 맥스에는 에너지 밀도가 향상된 배터리와 스테인리스 스틸 하우징이 탑재될 것으로 예상된다. 또한 회사는 화웨이 테크놀로지스와 같은 현지 경쟁업체와의 경쟁이 치열해짐에 따라 중국에서 아이폰 모델에 대한 상당한 가격 인하를 시작했다.
애플은 회사를 상대로 한 미국 법무부의 독점 금지 <a href="https://www.benzinga.com/news/24/05/38955839/apple-challenges-dojs-antitrust-case-saying-the-court-should-reject-the-invitation-to-forge-a-new-th" target="_blank" rel="noopener">소송 기각</a>을 요청할 준비를 하고 있다. 애플은 인기 있는 에어태그(AirTag) 항목 추적기의 업그레이드 버전을 개발 중이며 <a href="https://www.benzinga.com/news/24/05/38911822/upgraded-apple-airtag-with-advanced-chip-and-superior-location-tracking-set-for-2025-launch-says-mar" target="_blank" rel="noreferrer noopener">2025</a>년에 출시할 계획인 것으로 알려졌다.
애플은 유럽 연합이 부과한 19억 5천만 달러(18억 유로)의 벌금에 대해 이의를 제기하고 있다. 유럽연합은 스포티파이 테크놀로지 SA(NYSE:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/spot" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for SPOT">SPOT</a>)와 같은 음악 스트리밍 서비스의 공정한 경쟁을 훼손했다는 이유로 이 거대 기술 기업을 비난하고 있다.
<h3 class="block core-block">일론 머스크</h3>
스페이스X의 CEO 일론 머스크는 인도네시아 원격 지역의 연결성 향상을 목표로 한 스타링크(Starlink)의 위성 인터넷 서비스를 인도네시아에서 출시한 것으로 찬사를 받았다.
머스크는 월트 디즈니(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)를 포함한 회사들의 광고 선택에 대해 의문을 제기하면서크메타 플랫폼을 다시 한 번 조사했다.
머스크는 X의 커뮤니티 노트의 정확성을 칭찬하며 오해의 소지가 있는 게시물을 <a href="https://www.benzinga.com/news/24/05/38979981/elon-musk-lauds-xs-community-notes-after-new-study-reveals-96-accuracy-great-work-by-the-notes-team" target="_blank" rel="noreferrer noopener">식별하는</a> 데 있어 효율성을 강조했다.
</div>
</div>
</div>
</div>
<h3 class="block core-block">인공 지능(AI)</h3>
MS의 CEO 사티아 나델라는 인공지능을 <a href="https://www.benzinga.com/news/24/05/38955572/microsoft-ceo-satya-nadella-says-stop-treating-ai-like-humans-i-sort-of-believe-its-a-tool" target="_blank" rel="noreferrer noopener">인간과 같은 개체가 아닌</a> 도구로 보아야 한다고 강조했다.
메타의 CEO 마크 저커버그는 회사의 AI 및 기술 발전에 대한 지침을 제공하기 위해 새로운 자문위원회를 구성했다.
오픈AI의 CEO인 샘 올트먼은 배우 스칼렛 요한슨이 회사의 챗GPT 음성 비서의 목소리가 되기를 원했고, 지난 9월 그녀에게 연락했지만 그녀는 개인적인 이유로 제안을 거절했다고 이 여배우가 <a href="https://www.benzinga.com/general/entertainment/24/05/38951041/scarlett-johanssons-clash-with-openai-over-chatgpt-voice-reveals-dark-side-of-ai" target="_blank" rel="noreferrer noopener">성명</a>에서 말했다.
스칼렛 요한슨은 인공지능 기술을 사용해 자신의 목소리를 복제한 혐의로 오픈AI를 상대로 &#8216;변호사&#8217;를 고용했다.
오픈AI는 퇴사 계약 및 자산과 관련된 비방 금지 계약에서 전 직원 대다수를 해제하기로 결정했다.
현재 중국에서 사용할 수 없는 오픈AI의 AI 기반 챗봇인 챗GPT는 아시아 국가에서 새로운 경쟁자가 있는 것으로 보인다. 중국 최고의 인터넷 규제 당국은 시진핑 주석의 정치 철학을 바탕으로 대규모 언어 모델을 도입했다.
한때 아이폰의 잠재적 경쟁자로 여겨졌던 스타트업 휴메인(Humane Inc.)의 미래는 이제 불확실하다. 이 회사는 AI 하드웨어 제품에 대한 반응이 부진한 후 판매를 모색하고 있는 것으로 알려졌다.
Photo: Shutterstock

지난주의 소비자 기술 세계에서는 어떤 뉴스가? (5월 19일 - 5월 25일)

중국의 거대 기술 기업인 알리바바 그룹 홀딩(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)와 텐센트 홀딩스(OTCPK:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/tcehy" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for TCEHY">TCEHY</a>)는 서로 다른 비즈니스 <a href="https://www.benzinga.com/quote/BABA/news">초점과 전략</a>을 가지고 있다.
종종 아마존에 비유되는 알리바바는 주로 클라우드 컴퓨팅과 디지털 서비스에 관심을 갖고 있는 전자상거래 강자이다.
<h3 class="wp-block-heading">알리바바의 4분기 실적 Vs. 텐센트의 1분기 실적</h3>
알리바바는 화요일 4분기 실적을 발표했다. 알리바바의 주가는 상당한 투자 손실로 인해 하락해 4분기 매출 성장과 배당금을 무색하게 만들었다. 이 회사는 매출이 7% 증가한 307억 3천만 달러로 추정치를 상회했다고 보고했지만, 조정 EPS 1.40달러는 1센트 부족했다. 주가는 지난 1년 동안 10.86% 하락했지만, 2024년 현재까지 1.60% 상승했다.
관련 기사: <a href="https://www.benzinga.com/news/earnings/24/05/38825924/nasdaq-rises-100-points-alibaba-posts-weak-earnings">나스닥 100 포인트 상승, 알리바바의 실적은 약한 수치</a>
반면 텐센트는 위챗(WeChat)과 같은 소셜 네트워킹 플랫폼과 온라인 게임에서의 지배력으로 유명하다. 화요일에 발표된 1분기 실적 보고서에 따르면 텐센트의 매출은 전년 대비 6% 증가한 1,595억 위안(약 225억 달러)으로 예상치를 넘어섰다. 비즈니스 서비스와 광고영업 부문도 성장세를 보였다. 지분 보유자에게 귀속되는 이익은 예상 366억 4천만 위안에 비해 전년 동기 대비 62% 증가한 419억 위안(59억 달러)을 기록했다. 그러나 텐센트의 부가 가치 서비스(VAS) 부문은 전년 대비 0.9% 감소한 786억 3천만 위안을 기록했다.
<h3 class="wp-block-heading">두 회사의 공통 규제 장벽</h3>
재정적으로 알리바바는 매출과 이윤이 더 높은 경향이 있지만 텐센트는 게임 부문에서 규제 장애물에 직면하여 성장 궤도에 영향을 미쳤다. 도달 범위 측면에서 알리바바는 더 광범위한 국제적 입지를 가지고 있다. 텐센트는 해외, 특히 게임과 디지털 콘텐츠 분야에 상당한 투자를 했다.
두 회사 모두 중국에서 규제 문제에 직면해 있다. 알리바바는 독점 금지 위반으로 벌금을 물었고 텐센트는 게임 제한 문제로 고군분투하고 있다.
최근 중국 정부는 알리바바, 바이두(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), 틱톡(TikTok)의 소유주인 바이트댄스, 텐센트를 포함한 주요 기술 기업에 엔비디아(NASDAQ:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/nvda" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for NVDA">NVDA</a>)의 칩을 포함한 외국산 칩에 대한 지출을 줄이라고 권고했다.
이제 그들은 새로운 데이터 센터를 위해 국내산과 외국산 AI 칩을 동일한 수로 구매할 것으로 예상된다. 이 지침은 엄격하게 시행되지 않았으며, 위반 시 처벌이 부과될지도 불분명하다. 외국산 칩에서 국내 생산 칩으로의 전환은 알리바바와 텐센트 모두의 사업 운영에 잠재적으로 영향을 미칠 수 있다.
이러한 거대 기술 기업의 미래 궤도는 복잡한 규제를 헤쳐나가고 글로벌 범위를 확장하는 능력에 따라 결정될 것이다.
<h3 class="wp-block-heading">가치평가 비교</h3>
이번에는 이 두 가지 중국 거대기업이 어떻게 가치평가를 받고 있는지를 보자.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" class="wp-image-338001" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14143607/newplot-4-1.png" sizes="(max-width: 750px) 100vw, 750px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14143607/newplot-4-1.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14143607/newplot-4-1-300x260.png 300w" alt="" width="750" height="650" /></figure>
텐센트의 주식은 3월 중순(위 차트) 이후 더 빠르게 상승하는 반면, 알리바바의 주식은 더 매력적인 P/E를 제공합니다. 알리바바의 선행 P/E는 9.98이고 텐센트는 17.09이며, 가치 평가는 알리바바의 주식과 비슷한 것으로 보인다.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" class="wp-image-337997" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14143500/pe-chart-2.png" sizes="(max-width: 650px) 100vw, 650px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14143500/pe-chart-2.png 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14143500/pe-chart-2-300x208.png 300w" alt="" width="650" height="450" /></figure>
자료 출처: 야후 파이낸스, Benzinga 편집
<h3 class="wp-block-heading">어떤 주식이 더 좋은 기회인가?</h3>
분석가들은 텐센트 주식 대비 알리바바 주식의 상승이 더 높을 것으로 예상한다. 텐센트 주식은 강한 매수 신호로 5.95% 상승했으며, 알리바바 주식은 25.7% 상승할 가능성을 가진 매수 평가를 받았다.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" class="wp-image-337998" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14143522/consensus-chart-2.png" sizes="(max-width: 650px) 100vw, 650px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14143522/consensus-chart-2.png 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/14143522/consensus-chart-2-229x300.png 229w" alt="" width="650" height="850" /></figure>
자료 출처: 야후 파이낸스, Benzinga 편집
알리바바의 최근 4분기 실적 보고서는 투자 손실이 매출 성장을 가리고 주가 실적에 영향을 미치는 문제를 강조했다.
반면 텐센트는 VAS(부가가치 서비스) 부문의 일부 약점에도 불구하고 예상치를 초과하는 강력한 1분기 매출 성장을 보고했다.
두 회사 모두 중국의 규제 문제에 직면해 있으며 이제 외국산 칩에 대한 지출을 줄이라는 권고를 받았다. 이들 거대 기업의 미래 궤도는 규제를 헤쳐나가고 전 세계적으로 확장하는 능력에 달려 있다.
분석가들에 따르면 현재 알리바바는 더 매력적인 가치를 갖고 있으며 상승 잠재력이 더 높은 것으로 보인다.
다음 내용 읽기: <a href="https://www.benzinga.com/news/earnings/24/05/38814985/alibaba-stock-dips-as-huge-investment-losses-in-q4-overshadow-revenue-growth-and-dividend">투자 손실에 의해 알리바바 주식이 하락했다</a>
사진: 셔터스톡

Tencent Holdings

뉴스

에 대한 최신 뉴스 Tencent Holdings (OTC:TCEHY) 주식

화요일, 6월 25, 2024

수요일, 6월 12, 2024

월요일, 6월 10, 2024

토요일, 6월 08, 2024

금요일, 5월 31, 2024

월요일, 5월 27, 2024

수요일, 5월 15, 2024

뉴스

파트너 / 기고자

벤징가 글로벌