Alibaba, Tencent Shares Lose $66 Billion as AI Vision Falls Flat [Yahoo! Finance Canada]
TENCENT HLDGS UNSP/ADR (TCEHY)
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Source: Yahoo! Finance Canada
the twin leaders of China's tech arena for failing to lay out clear visions for how to profit off artificial intelligence. Alibaba's US shares fell their most since October, following Tencent's worst drubbing in almost a year on Thursday. Investors that had piled into the sector's biggest names over the past week — betting the advent of OpenClaw-style AI agents would galvanize the industry — reversed course after disappointing results, with no clear path to monetization in sight. Most Read from Bloomberg Russian Oil Bound for China Is Diverted as India Grabs More European Gas Jumps After World's Top LNG Plant Hit by Iran Trump Signs Order to Launch Vance-Led Anti-Fraud Task Force Trump Seeks De-Escalation After Iran, Israel Strike Gas Hubs India Sends Warships Near Gulf of Oman to Escort Fuel Ships The dramatic reaction reflects investors' anxiety about the increasing amounts that China's tech leaders are plowing into data centers, talent hires and model development —
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