Kingsoft Cloud Holdings Ltd's stock surged 5.75% during pre-market trading, reflecting strong investor interest in the company's artificial intelligence initiatives.

The significant upward movement follows Kingsoft Cloud's announcement that its Xingliu intelligent computing platform has completed a strategic upgrade, transforming into a comprehensive one-stop AI training and inference full-process platform. This development positions the company to capitalize on the rapidly growing AI inference market, which McKinsey projects will reach $150 billion by 2028 with a compound annual growth rate exceeding 40% from 2025 to 2028.

Adding to the positive sentiment, GF Securities maintained its "Buy" rating on Kingsoft Cloud with a fair value of HK$10.49 per share, citing strong demand visibility as Xiaomi and Kingsoft increase their AI investments. The firm highlighted that foundational large models, smart vehicles, and WPS applications all require substantial AI training and inference computing power, with non-Xiaomi customer demand also remaining robust.