Kingsoft Cloud (KC) Surges on AI Integration with Xiaomi Ecosystem

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Jan 03, 2025
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Kingsoft Cloud (KC, Financial) experienced a significant surge in its Hong Kong shares, jumping nearly 14%. This momentum also influenced its U.S. pre-market trading, where shares rose by 5.6%. Analysts widely believe that Kingsoft Cloud is poised for substantial business growth due to Xiaomi's strategic plan to deeply integrate artificial intelligence (AI) within its ecosystem. This integration is expected to drive a massive demand for computing power, positioning Kingsoft Cloud as a key partner to benefit from this trend.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.