On Friday, at the beginning of the US stock market, $Kingsoft Cloud (KC.US)$ the stock rose over 8%, reaching $9.11, and has accumulated a significant increase of 230% since November.

On November 19, Kingsoft Cloud announced that KINGSOFT and Xiaomi signed a new framework agreement, with the annual upper limits proposed for 2025-2027 being 2.31 billion yuan, 3.138 billion yuan, and 4.035 billion yuan respectively. GF SEC expressed a Bullish outlook for the subsequent demand for computing power as Xiaomi deeply integrates AI into its ecosystem.

UBS Group published a research report indicating that Kingsoft Cloud benefits from AI development and support from the Kingsoft ecosystem. Kingsoft Cloud's performance in the third quarter was robust, exceeding market expectations, which helps enhance investors' expectations for its revenue and profit recovery. The firm noted that Kingsoft Cloud's current stock price level is still below the Company Valuation of independent cloud companies in China, believing that the market has underestimated the potential development opportunities of KINGSOFT and its AI Business.

Editor/rice