Tencent Holdings Ltd0700
▲ PositiveDemandrelevance
Tencent Cloud wins Bookme as a cloud infrastructure customer for its consumer platforms and embedded booking services.
Impact on stocks 1
Cloud & Digital Infrastructure▲ · 1 stocks
Tencent Holdings LtdTheme Impact 1
Off-coverage companies 1
Bookme.pkPrivate▲ Positive
Technologyrelevance
Bookme gains scalable cloud infrastructure, monitoring, security and support to handle travel demand spikes and expand globally.
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IREN Fair Value Trimmed to US$79.03 as AI Cloud Wins Meet Build Out Risks
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impact 4
Nvidia-Backed Nscale Files for US IPO After $1.02 Billion Loss
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Tigress Analyst Raises Alphabet Price Target to Street-High $485
Tigress Financial Partners analyst Ivan Feinseth reiterated a Strong Buy rating on Alphabet and raised his price target to a Street-high $485 from $415, implying roughly 39.6% upside. The bullish thesis centers on Alphabet turning its massive AI investments into growth across Search, Cloud and Gemini, with Feinseth arguing AI Overviews and AI Mode can make Google more useful for complex, high-intent queries. Recent results support that argument: Alphabet's second-quarter revenue rose 24% from a year earlier to $119.8 billion, Search and Other revenue increased 17%, YouTube advertising grew 13%, and operating income climbed 30% to $40.77 billion. Google Cloud revenue surged 82% to $24.8 billion, operating income more than tripled to $8.8 billion, margins reached 35.6%, and its $514 billion backlog gives visibility into future enterprise demand. Gemini has reached 950 million monthly active users, more than 9 million monthly developers and roughly 22 billion API tokens processed per minute, and Feinseth sees monetization opportunities across subscriptions, APIs, enterprise software, agents and productivity products, though the risk remains that Alphabet must prove its enormous AI spending generates sufficient returns.