Copyright Bloomberg
As fears grow over concentration in technology stocks amid a possible bubble in the artificial intelligence trade, investors are piling into Tencent Holdings Ltd. shares as a safer bet. The company is expected to be one of the few China tech megacaps reporting positive profit growth in upcoming results, as bruising price wars drag down peers’ earnings. A strong showing in its online games business could help extend the rally that has added around $280 billion to Tencent’s market value this year.
