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.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

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