On June 6th, Kingsoft Cloud (KC.US) pre-market trading rose 3.93% to $2.91. The gross margin of 1Q24 announced at the end of May reached 16.5%, an increase of 6.1pcts/1.8pcts year-on-year/month-on-month, achieving seven consecutive quarters of steady and continuous improvement and reaching a new historical high. Everbright Securities recently pointed out that looking forward to the full year of 2024, AI will become an important driving force for the growth of public cloud business, and the company actively seizes the opportunity for AI development. It is expected that the company's gross margin will steadily increase to 17% in 2024, and the adjusted EBITDA rate is expected to reach the level of 4%.
美股异动丨金山云盘前涨近4% 机构预计24年毛利率有望提升至17%
US stock market anomaly | Kingsoft Cloud rose nearly 4% before the market, and institutions expect the gross margin to increase to 17% in 2024.
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