Recently, Tencent officially released the preview version of Hybrid Hy4. Not only was this release date earlier than Morgan Stanley's previous expectations in September, it also directly confirmed Tencent's management's promise that “Hy4 will be unveiled within the year” at the second quarter results meeting. Based on Tencent's strong progress and fundamental support in the AI field, Morgan Stanley maintained an “attractive” view of Tencent's industry and reiterated its “gain” rating on Tencent, giving a target price of HK$550.

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