0414 GMT - Kingsoft Cloud Holdings is likely to benefit from the development of China's AI industry, say Nomura analysts in a research note. The analysts expect China's AI investment cycle to accelerate in 2025, driven by large language model development led by DeepSeek and generative AI application development, such as AI agent. As one of the leading AI cloud infrastructure service providers in China, Kingsoft is likely to benefit from the rising demand for large language models' training and application. The analysts keep a buy rating on the stock and raise target price for its ADRs to $18.30 from $18.10. The ADRs last traded at $15.90. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
May 06, 2025 00:14 ET (04:14 GMT)
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