You need to be careful about the concept of buckling under prestress application versus externally applied loads.
Under the action of the prestressing force application, with internal tendons that are in CLOSE contact with the element being prestressed it is not possible to buckle the member whilst prestressing it. The reason is that, as long as the tendons and concrete are in close contact, they will "deflect" together, and any lateral movement of the concrete will be followed by a corresponding movement of the tendon, but since the tendon is in a field of applied tension this will counteract the tendency for the memebr to buckle. Again, this is under the application of the prestress force and assuming NO external loadings. If there is a significant space between the internal tendon and the concrete, such that lateral movement can occur before engaging the tendon, then buckling effects can arise.
As an analogy, If you take say an "S" shaped (or any generally curved, in single, reverse or mulitple curvature) concrete element under the effects on concentric INTERNAL prestress, during the prestressing force application the curved shapes will NOT tendon to straighten NOR buckle. IF the prestress was eccentric there would be a deflection of the shape (due to the Pxe), BUT again, no tendency to buckle.
If the member is EXTERNALLY prestressed, then the above is NOT true.
To demostrate this concept to students, I have taken small rigid styrene foam blocks (say 1" in size and angled on opposite ends) with a concentric hole. Assemble say 10 blocks to form a curved shape (C, S, other) and thread an elastic band in the center. Use a match stick to grip one end (dead-fixed end) then pull on the other end (live end). The "prestress" provides uniform P/A and there is no tendency to straighten NOR buckle because the INTERNAL tendon (under tension) will balance any column action effects. You can keep appplying tension to the elastic band and the block memeber will not produce and global opening of the joints etc and no buckling.
BUT, under the application of an EXTERNAL load to an already PRESTRESSED ELEMENT the member can buckle, as per other axially loaded structural members. The only real advantage to prestressing a column is the delay in the onset of cracking, and the increased moment capacity (so you can argue you have extra stiffness since less cracked, so a net gain in global slenderness effects). There will be a decrease in the axial load capacity depending on the level of axial prestress applied.