Stock Track | Kingsoft Cloud Soars 5.01% on Strong Q3 Earnings and Optimism for Cloud Demand

Stock Track

Nov 21, 2024

Shares of Kingsoft Cloud Holdings Ltd. (03888.HK) surged 5.01% in intraday trading on Thursday, outperforming the broader market, as the company reported better-than-expected third quarter results and raised its full-year guidance, fueling optimism around robust demand for cloud services.

The Hong Kong-listed cloud computing and artificial intelligence company posted a smaller-than-expected loss in Q3 and saw its revenue grow 21% year-over-year, driven by strength in its public cloud, enterprise cloud, and AI cloud segments. Management cited accelerating adoption of cloud services and AI among enterprises in China and internationally as key growth drivers.

Analysts were particularly bullish on Kingsoft's outlook, pointing to its leadership in cutting-edge technologies like cloud gaming and AI-powered enterprise applications. With the global transition to cloud computing and AI gathering pace, investors are betting that Kingsoft is well-positioned to capitalize on these secular trends and drive profitability over the next few years.

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(03888.HK) surged 5.01% in intraday trading on Thursday, outperforming the broader market, as the company reported better-than-expected third quarter results and raised its full-year guidance, fueling optimism around robust demand for cloud services.</p>\n\n<p>The Hong Kong-listed cloud computing and artificial intelligence company posted a smaller-than-expected loss in Q3 and saw its revenue grow 21% year-over-year, driven by strength in its public cloud, enterprise cloud, and AI cloud segments. Management cited accelerating adoption of cloud services and AI among enterprises in China and internationally as key growth drivers.</p>\n\n<p>Analysts were particularly bullish on Kingsoft's outlook, pointing to its leadership in cutting-edge technologies like cloud gaming and AI-powered enterprise applications. With the global transition to cloud computing and AI gathering pace, investors are betting that Kingsoft is well-positioned to capitalize on these secular trends and drive profitability over the next few years.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03888","symbol_name":"金山软件","start_time":0,"source_url":"","article_id":"1135288374","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1135288374","pubTimestamp":1732153149,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Kingsoft Cloud Holdings Ltd.  surged 5.01% in intraday trading on Thursday, outperforming the broader market, as the company reported better-than-expected third quarter results and raised its full-year guidance, fueling optimism around robust demand for cloud services.The Hong Kong-listed cloud computing and artificial intelligence company posted a smaller-than-expected loss in Q3 and saw its revenue grow 21% year-over-year, driven by strength in its public cloud, enterprise cloud, and","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03888":"金山软件"},"translate_title":"股票赛道金山云因第三季度盈利强劲和云需求乐观而飙升5.01%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03888":1},"content_text":"Shares of Kingsoft Cloud Holdings Ltd. (03888.HK) surged 5.01% in intraday trading on Thursday, outperforming the broader market, as the company reported better-than-expected third quarter results and raised its full-year guidance, fueling optimism around robust demand for cloud services.\nThe Hong Kong-listed cloud computing and artificial intelligence company posted a smaller-than-expected loss in Q3 and saw its revenue grow 21% year-over-year, driven by strength in its public cloud, enterprise cloud, and AI cloud segments. Management cited accelerating adoption of cloud services and AI among enterprises in China and internationally as key growth drivers.\nAnalysts were particularly bullish on Kingsoft's outlook, pointing to its leadership in cutting-edge technologies like cloud gaming and AI-powered enterprise applications. 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