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Stocks to watch next week: Tencent, Micron, Nike, Prudential and JD Wetherspoon

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While central bank interest rate decisions and developments on trade tariffs are likely to occupy much of investor focus in the coming week, there are also a number of companies still set to release earnings.

Analysts will be looking to Tencent's (0700.HK) annual results to see how the Chinese tech giant's investment in artificial intelligence (AI) is playing out, as competition in the space heats up.

In the chip sector, US semiconductor manufacturer Micron (MU) is due to release latest quarterly earnings, though guidance has already disappointed against expectations.

Meanwhile, investors will be keeping an eye on Nike's (NKE) latest results to see how the sportswear brand's turnaround efforts are progressing.

On the London market, investors will want to see how insurer Prudential (PRU.L) is performing against its long-term financial goals.

In the hospitality industry, investors will keeping an eye on commentary from JD Wetherspoon's (JDW.L) Tim Martin on how higher labour costs could impact the business.

Here's more on what to look out for:

Tencent (0700.HK) – Releases annual results on Wednesday 19 March

Chinese tech giant Tencent (0700.HK) recently released a new AI model, which it said can reply faster to queries than DeepSeek's latest R1 model.

According to a Google translation, Tencent (0700.HK) said in a post on its WeChat channel in late February that unlike DeepSeek R1 and its Hunyuan T1 model that require "thinking before answering", the Hunyuan Turbo S model could achieve "instant reply" output answers and reduce first-word delay by 44%.

The release comes as competition ramps up in the AI space, with DeepSeek's latest lower cost model having rattled investors in US Big Tech, as it sparked questions over the level of spending on AI by these major companies.

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In Tencent's (0700.HK) third quarter results, CEO Ma Huateng said the company was seeing "increasingly seeing tangible benefits of deploying AI across our products and operations including marketing services and cloud, and will continue investing in AI technology, tools and solutions that assist users and partners".

For the quarter, Tencent (0700.HK) posted total revenues of CNY167.2bn (£17.84bn), up 8% on the same period in 2023.

Profits for the quarter came in at CNY54bn Chinese yuan, an increase of 47% on Q3 of the previous year.

Shares in Tencent (0700.HK) are up 24% since the start of the year and 80% over one year.

Micron Technology (MU) – Releases second quarter earnings on Thursday 20 March

Shares in Micron (MU) sunk following the release of its first quarter results in December, after the US chipmaker's outlook disappointed against expectations.


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