Stock Track | Kingsoft Cloud (KC) Soars 5.08% Pre-market Following Positive Analyst Rating and AI Developments

Stock Track

05-01

Kingsoft Cloud Holdings Limited (NASDAQ:KC) is set to continue its upward trajectory, surging 5.08% in pre-market trading on Thursday. This follows a 9.42% jump on Wednesday, marking the third consecutive day of gains for the cloud services provider.

The stock's rally is primarily driven by a positive rating from Citi, which reaffirmed its Buy recommendation with a price target of $21.50, representing a 58% upside potential from Wednesday's closing price. Citi's bullish stance is based on Kingsoft Cloud's strong momentum, buoyed by the recent release of Xiaomi's first Large Language Model, MiMo.

Investors are speculating that advancements in Xiaomi's AI capabilities could positively impact Kingsoft Cloud, given the shared leadership of businessman Lei Jun. The outperformance of MiMo against competitors like OpenAI's O1 mini and Alibaba's Qwen-32 B-Preview in specific tasks such as mathematical reasoning and code generation has further fueled optimism surrounding Kingsoft Cloud's potential in the AI space.

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This follows a 9.42% jump on Wednesday, marking the third consecutive day of gains for the cloud services provider.</p>\n\n<p>The stock's rally is primarily driven by a positive rating from Citi, which reaffirmed its Buy recommendation with a price target of $21.50, representing a 58% upside potential from Wednesday's closing price. Citi's bullish stance is based on Kingsoft Cloud's strong momentum, buoyed by the recent release of Xiaomi's first Large Language Model, MiMo.</p>\n\n<p>Investors are speculating that advancements in Xiaomi's AI capabilities could positively impact Kingsoft Cloud, given the shared leadership of businessman Lei Jun. The outperformance of MiMo against competitors like OpenAI's O1 mini and Alibaba's Qwen-32 B-Preview in specific tasks such as mathematical reasoning and code generation has further fueled optimism surrounding Kingsoft Cloud's potential in the AI space.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KC","symbol_name":"金山雲","start_time":0,"source_url":"","article_id":"1183741300","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1183741300","pubTimestamp":1746100599,"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":"Kingsoft Cloud Holdings Limited  is set to continue its upward trajectory, surging 5.08% in pre-market trading on Thursday. This follows a 9.42% jump on Wednesday, marking the third consecutive day of gains for the cloud services provider.The stock's rally is primarily driven by a positive rating from Citi, which reaffirmed its Buy recommendation with a price target of $21.50, representing a 58% upside potential from Wednesday's closing price. Citi's bullish stance is based on Kingsoft Cloud's s","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"KC":"金山云"},"translate_title":"股票赛道金山云(KC)在分析师积极评级和人工智能发展后盘前飙升5.08%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KC":1},"content_text":"Kingsoft Cloud Holdings Limited (NASDAQ:KC) is set to continue its upward trajectory, surging 5.08% in pre-market trading on Thursday. This follows a 9.42% jump on Wednesday, marking the third consecutive day of gains for the cloud services provider.\nThe stock's rally is primarily driven by a positive rating from Citi, which reaffirmed its Buy recommendation with a price target of $21.50, representing a 58% upside potential from Wednesday's closing price. Citi's bullish stance is based on Kingsoft Cloud's strong momentum, buoyed by the recent release of Xiaomi's first Large Language Model, MiMo.\nInvestors are speculating that advancements in Xiaomi's AI capabilities could positively impact Kingsoft Cloud, given the shared leadership of businessman Lei Jun. 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