Kingsoft Cloud (KC) Surges on AI Integration Optimism

5 days ago

Kingsoft Cloud's (KC, Financial) stock experienced a significant rise, with Hong Kong shares soaring nearly 11%, subsequently driving a 6.79% increase in its U.S. pre-market trading. The surge is attributed to the growing interest in AI applications. According to Guotai Junan Securities, the demand for computational power is expected to rise as Xiaomi deeply integrates AI into its ecosystem, benefiting Kingsoft Cloud. Additionally, a report from UBS highlights that Kingsoft Cloud stands to gain from AI advancements and support from the Kingsoft ecosystem. UBS believes the market is underestimating the potential growth opportunities in Kingsoft's AI business.

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