Why Tencent Music Entertainment Group (TME) Skyrocketed On Wednesday

Angelica Ballesteros

Wed, May 14, 2025, 5:16 PM 2 min read

We precocious published a database of These 10 Firms Blowing Up by Double Digits Today. In this article, we are going to instrumentality a look astatine wherever Tencent Music Entertainment Group (NYSE:TME) stands against different firms blowing up by treble digits today.

Ten idiosyncratic stocks soared by treble digits connected Wednesday, outperforming a lackluster show among Wall Street’s indices, acknowledgment to the 90-day truce betwixt the US and China that continued to boost capitalist confidence.

In contrast, Wall Street’s indices were mixed, with the tech-heavy Nasdaq increasing 0.72 percent, followed by the S&P 500, up 0.10 percent. The Dow Jones declined by 0.21 percent.

In this article, we sanction Wednesday’s 10 best-performing stocks and item the reasons down their gains.

To travel up with the list, we considered lone the stocks with a $2-billion marketplace capitalization and $5-million trading volume.

A singing performer silhouetted connected a spotlighted online stage.

Tencent Music jumped by 15.66 percent connected Wednesday to extremity astatine $16.99 apiece arsenic capitalist sentiment was boosted by a beardown net show successful the archetypal 4th of the year.

In its latest net release, Tencent Music Entertainment Group (NYSE:TME) said nett income attributable to shareholders expanded by 202 percent to RMB4.291 cardinal from RMB1.422 cardinal registered successful the aforesaid play past year.

Gross nett accrued by 17 percent to RMB3.242 cardinal from RMB2.771 cardinal year-on-year, with online euphony services accounting for the largest gross chunk.

In different news, Tencent Music Entertainment Group (NYSE:TME) precocious renewed its multi-year licensing woody with Sony Music Entertainment and expanded its premium offerings, specified arsenic Dolby Atmos and 360 Reality Audio for SVIP members.

Following the results, Tencent earned a higher terms people from concern steadfast Bernstein, which raised its terms people to $15.50 from $15 apiece. Despite the terms people importantly little than the closing price, Bernstein remained optimistic astir the company, arsenic it maintained an “outperform” outlook.

Overall, TME ranks 4th connected our database of firms blowing up by treble digits today. While we admit the imaginable of TME arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns and doing truthful wrong a shorter clip frame. There is an AI banal that went up since the opening of 2025, portion fashionable AI stocks mislaid astir 25%. If you are looking for an AI banal that is much promising than TME but that trades astatine little than 5 times its earnings, cheque retired our study astir this cheapest AI stock.