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NASDAQ:TME 19 March 2026

Tencent Music Stock Price Near $10 After Guidance Miss Sparks Fresh Wall Street Cuts

Tencent Music Stock Price Near $10 After Guidance Miss Sparks Fresh Wall Street Cuts

Tencent Music shares rose 0.8% to $10.38 Thursday after plunging nearly 25% Tuesday on weak 2026 guidance and plans to stop quarterly user disclosures. Fourth-quarter revenue climbed 15.9% to 8.64 billion yuan, but first-quarter and full-year outlooks missed estimates. Multiple analysts cut ratings or targets, citing lower visibility and rising competition. Parent Tencent plans higher AI spending in 2026.

Stock Market Today

  • Amazon Shares Rise on Strong Q1 Earnings and AWS AI Growth
    April 30, 2026, 6:07 PM EDT. Amazon's stock increased 0.77% to $265.06 on Thursday, driven by a robust first-quarter earnings report and significant growth in its cloud unit, AWS. AWS revenue jumped 28% to $37.6 billion, surpassing expectations by nearly $1 billion. Despite the upbeat results, investors remain cautious about the impact of elevated artificial intelligence (AI) capital expenditure on future profitability. The company's guidance for second-quarter net sales growth of 16% to 19% keeps optimism intact. The broader market also advanced, with the S&P 500 up 1.02% and the Nasdaq Composite gaining 0.89%. Within the internet retail sector, MercadoLibre rose 1.45%, while eBay slipped 0.30%, reflecting varied growth profiles across e-commerce peers.

Latest article

Nvidia Stock Falls as Google and Amazon AI Chip Push Tests the AI Trade

Nvidia Stock Falls as Google and Amazon AI Chip Push Tests the AI Trade

30 April 2026
Nvidia shares dropped 4.6% to $199.57 Thursday as investors reacted to Alphabet and Amazon expanding sales of their own AI chips. Alphabet reported Google Cloud revenue up 63% and began selling TPU chips directly to customers. AMD and Broadcom shares rose 5.1% and 3.0%, respectively. Amazon said its Trainium chip line secured $225 billion in revenue commitments.
US Stock Market After Hours: Apple Earnings Put Record Rally to the Test

US Stock Market After Hours: Apple Earnings Put Record Rally to the Test

30 April 2026
The S&P 500 and Nasdaq closed at record highs Thursday, finishing their strongest month in years. Apple fell about 1% after hours despite beating revenue and profit estimates, as iPhone sales missed forecasts. The Dow rose 1.62% to 49,652.14. Oil prices and AI spending remain key risks to the rally.
SiriusXM Stock Moves on Subscriber Surprise as Cash Flow Jumps

SiriusXM Stock Moves on Subscriber Surprise as Cash Flow Jumps

30 April 2026
Sirius XM Holdings lost 111,000 self-pay subscribers in Q1, far fewer than analysts expected, sending shares up 0.9% to $27.01. Revenue rose 1% to $2.09 billion, with net income up 20% to $245 million. Podcast revenue jumped 37%. SiriusXM ended the quarter with 32.8 million subscribers, down from 32.9 million a year earlier.
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