[Morning Star: Tencent Holdings and Alibaba-W are the top choices for long-term AI investments] On November 3, Morning Star released a research report stating that Chinese chip manufacturers are currently benefiting from the growth in artificial intelligence (AI) capital expenditures, but in the long term, Internet companies are expected to be the ultimate beneficiaries. The agency ranks Tencent Holdings and Alibaba-W as the top choices for long-term AI investments. It believes that the existing businesses of the two companies can provide profit support. Even if the adoption or commercialization of AI is not as fast as expected, the operating conditions will still be relatively resilient. At the same time, AI will also help the development of the Internet, advertising and gaming businesses.