TENCENT(HK:00700) Sou Hu Cai Jing·2025-11-22 04:15Group 1 - The US stock market saw a collective rebound with the Dow Jones increasing by over 1%, the S&P 500 rising by 0.98%, and the Nasdaq gaining 0.88% [1] - Major technology stocks experienced mixed results, with Google up over 3%, Intel rising more than 2%, and Apple increasing nearly 2%, while Oracle fell over 5% and Netflix, Microsoft, AMD, and Tesla dropped more than 1% [1] - Popular Chinese concept stocks mostly rose, with the Nasdaq Golden Dragon China Index up 1.23%, XPeng increasing over 1%, Future rising over 3%, and Dongzi gaining nearly 2% [1] Group 2 - Analysts from Bank of America suggest that the close collaboration between tech giants and OpenAI may lead to potential troubles for these companies [2] - Many large companies are simultaneously competing with OpenAI while seeking partnerships with the AI research firm [3] - OpenAI's expenditures are significantly disproportionate to its revenues, indicating that it may take decades to match current spending levels [4] Group 3 - Tencent has repurchased over 2.3 billion HKD worth of shares in the last four days, acquiring a total of 409,900 shares at prices ranging from 606.5 to 669.0 HKD, amounting to 2.543 billion HKD (approximately 2.315 billion RMB) [5] - Year-to-date, Tencent has repurchased 125 million shares for a total of 57.7 billion RMB, ranking second in the Hong Kong stock buyback list, with HSBC leading at over 60 billion RMB [5]