Express News | U.S. stock market night session: Chinese concept stocks surged, with Kingsoft Cloud rising over 8%.

Breakings10:49

Hong Kong stock movement | Kingsoft Cloud (03896) rises more than 12% as the company continues to accelerate its AI layout, and ecological collaboration is expected to drive performance growth.

Kingsoft Cloud (03896) rose over 11%, as of the time of writing, it increased by 11.61%, priced at 6.25 HKD, with a transaction volume of 0.358 billion HKD.

Zhitong Finance10:26

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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

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