Jefferies analysts are bullish on Alibaba Group, citing its cloud computing leadership and expecting its cloud segment EBITA margin to reach 11.5% in the June quarter. The firm maintains a buy rating with a target price of HK$179.00, significantly above the current HK$107.80.

Citi analysts, however, express caution regarding Tencent's significant and unpredictable AI spending. They anticipate a slightly lower second-quarter adjusted net profit than consensus and suggest Tencent may divest mature assets to fund AI investments. Citi lowered its target price for Tencent to HK$758.00 from HK$763.00, with shares trading at HK$475.00.

Morgan Stanley analysts warn that SpaceX could disrupt telecommunications providers in Australia and New Zealand. They believe Starlink's direct-to-device services may attract subscribers from incumbents like Telstra, TPG Telecom, Aussie Broadband, and Spark NZ. This potential disruption led Morgan Stanley to lower target prices for these companies by 1.9% to 5.3%.