Stock Track | Kingsoft Cloud Soars Nearly 13% on Analyst Upgrade, AI and Xiaomi Demand Outlook

Stock Track
2024-11-23

Shares of Kingsoft Cloud Holdings Ltd (KC) surged nearly 13% on Friday in the intraday session, following a significant analyst upgrade and positive outlook for the company's growing artificial intelligence (AI) and cloud business.

Nomura upgraded Kingsoft Cloud to a "Buy" rating from "Neutral" and raised its price target to $6.70 from $2.30. The upgrade was driven by strong expectations around Kingsoft Cloud's increasing exposure to AI and demand from major Chinese tech conglomerate Xiaomi and its expanding ecosystem.

Analysts cited Kingsoft Cloud's accelerating AI-related revenue growth, which more than doubled from the first quarter to reach 31% of its public cloud revenue in Q3. They believe the company will continue benefiting from rising AI training and inference demand, particularly from Xiaomi's large language model initiatives, autonomous driving projects, and Kingsoft Office's AI integration.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10