Research Reports Gold Digging | HAITONG SEC: Initiating coverage on Kingsoft Cloud with an "Outperform Market" rating, optimizing business structure and resonating with AI.

On December 30, Gelonghui reported that HAITONG SEC released a report, giving Kingsoft Cloud an "Outperform" rating, believing that its optimized business structure, resonance with AI, and ecological synergy advantages are expected to accelerate performance growth. The report mentioned that Kingsoft Cloud is a leading Cloud Computing Service provider in the country, continuously enhancing its technology, products, and service capabilities; the company's strategy has shifted to fully embrace AI, and strategically optimizing its revenue structure to improve profitability has already yielded significant results. Benefiting from the future massive demand for Cloud Computing Service from Xiaomi and KINGSOFT Group, public cloud service revenue is expected to grow rapidly. HAITONG SEC expects that Kingsoft Cloud's public cloud services from 2024 to 2026...

Gelonghui FinanceDec 30, 2024 11:59 · Ratings

Kingsoft Cloud Holdings Ltd. (KC) Ends Trading Week Defying Market Bloodbath

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Market Update | Kingsoft Cloud's US stocks rose nearly 18%! It is reported that Xiaomi will invest heavily in AI large models.

On Friday, Kingsoft Cloud rose nearly 18%, closing at $12.021.

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US stocks fluctuated | Kingsoft Cloud rose over 17.6% before the market opened, and the Listed in Hong Kong surged 44% during the trading session, hitting a new high.

On December 27, Gelonghui reported that Kingsoft Cloud (KC.US) rose over 17.6% in pre-market, reaching 12 dollars, and the stock price is set to refresh a new high since early 2022 after opening. Kingsoft Cloud's shares soared 44% at one point during today's trading, reaching a new high, and ultimately closed up by 37.8%. In terms of news, some media reported that Xiaomi is working on building a GPU cluster with a large investment in AI large models. The Xiaomi large model team had access to 6,500 GPU resources at its establishment. According to Xiaomi's 2023 annual presentation, the main breakthrough direction for the large model technology is Lightweight and local deployment. It is worth noting that Kingsoft Cloud announced last month a partnership with Xiaomi.

Gelonghui FinanceDec 27, 2024 17:28