Kingsoft Cloud (KC.US) rose over 10% in pre-market trading, priced at $9.82. In mid-December, the lighting ceremony for the Qinghai smart computing center of Kingsoft Cloud was held at the digital Qinghai green Big Data center of CHINA TELECOM in the Haidong City area, marking the official launch of the Qinghai smart computing center. The total investment for the project is approximately 0.88 billion yuan, planning a total of 256 computing Server clusters, with a total computing power scale exceeding 4000P. The first phase of the project's computing power construction landed in mid-September this year and began providing computing power services. As of December, 158 computing Server clusters and smart computing center nodes have been invested, with a computing power scale exceeding 2048P, achieving an investment of 0.4 billion yuan. Additionally, UBS Group recently published Research Reports indicating that due to the benefits from AI development and the support of the Kingsoft ecosystem, Kingsoft Cloud's performance in the third quarter has been robust, exceeding market expectations, which is conducive to enhancing investor expectations for its revenue and profit recovery. The firm has upgraded Kingsoft Cloud's rating from 'neutral' to 'Buy' and raised the Target Price from $4.2 to $12.5, believing that the market has underestimated the potential development opportunities of Kingsoft and AI Business.