Tencent Q4 profits surge by 90%, boosted by AI cloud revenue

Chinese gaming and media giant Tencent (TCEHY, 0700.HK) reported that its AI cloud revenue doubled in 2024’s fourth quarter while profit rose 90% year-over-year. Madison Mills and StockBrokers.com director of investor research Jessica Inskip look into Tencent’s fourth quarter earnings results and its spending on AI chips. To watch more expert insights and analysis on the latest market action, check out more Catalysts here.