Kingsoft Cloud (KC) Rises on New Framework Agreement with Xiaomi

5 days ago

Kingsoft Cloud (KC, Financial) shares rose nearly 6% in pre-market trading, reaching $8.90. The increase comes after the announcement of a new framework agreement between Kingsoft Software and Xiaomi. The agreement sets annual cap recommendations of 2.31 billion yuan, 3.138 billion yuan, and 4.035 billion yuan for the years 2025 to 2027, respectively.

Guangfa Securities expressed optimism about the future demand for computing power as Xiaomi integrates AI more deeply into its ecosystem. This strategic move is expected to enhance Kingsoft Cloud's growth prospects, leveraging Xiaomi's expanding AI capabilities.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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