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Tencent AI Spending Key After Magnificent 7 Rout

Bloomberg Technology Friday 07 August 2026, 00:55 UTC By Rachel Yeo 1 min read
Key Points

Tencent AI Spending Key After Magnificent 7 Rout Tencent Holdings Ltd.’s spending plans will draw investor scrutiny as investors cool on lavish outlays on artificial intelligence. Last month, the Magnificent Seven lost $797 billion in a day after Google parent Alphabet Inc. raised capital expenditure plans while its cash flow turned negative for the first time since going public.

Tencent AI Spending Key After Magnificent 7 Rout Tencent Holdings Ltd.’s spending plans will draw investor scrutiny as investors cool on lavish outlays on artificial intelligence. Last month, the Magnificent Seven lost $797 billion in a day after Google parent Alphabet Inc. raised capital expenditure plans while its cash flow turned negative for the first time since going public.
Tencent AI Spending Key After Magnificent 7 (ORG) Rout Tencent Holdings Ltd.’s (ORG) Google (ORG) Alphabet Inc. (ORG)
Originally published by Bloomberg Technology Read original →

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