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Are Investors Undervaluing Kingsoft Cloud Holdings Limited (NASDAQ:KC) By 37%?
China Concept Stocks are experiencing a widespread rise: MINISO is up over 8%, and Kingsoft Cloud is up over 7%.
On January 3, Gelonghui reported that most China Concept Stocks rose, with MINISO up over 8%, Kingsoft Cloud up over 7%, Dingdong up over 5%, LexinFintech, Trip.com, and Daqo New Energy up over 3%, GDS Holdings, Agora, Sohu.com, and HUYA Inc up over 2%, and Zunbao E-commerce, JD.com, Autohome, Li Auto, and Kanzhun up over 1%.
Express News | Xiaomi Group's ADR rose over 7% in Pre-Market Trading, and today Xiaomi's Hong Kong stock closed up over 6%, reaching a historic high; some Chinese concept stocks rose in pre-market, with MINISO and Kingsoft Cloud both up over 5%.
U.S. stocks are moving; Kingsoft Cloud rose 5.6% before the market. Listed in Hong Kong surged about 14% at one point today as Institutions gave positive ratings.
On January 3, Guolonghui reported that Kingsoft Cloud's stock in Hong Kong surged nearly 14% today, driving Kingsoft Cloud (KC.US) up 5.6% in Pre-Market Trading. In terms of news, Institutions generally believe that with Xiaomi planning to deeply integrate AI into its ecosystem and the huge demand for computing power, Kingsoft Cloud, as its partner, is sure to experience significant growth in Business. (Guolonghui)
Express News | U.S. stock market night session: Chinese concept stocks surged, with Kingsoft Cloud rising over 8%.
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.