According to Zhito Finance App, $KINGSOFT CLOUD (03896.HK)$In the morning session, it rose over 20%, as of the time of writing, it has increased by 21.81%, priced at 5.64 Hong Kong dollars, with a transaction volume of 0.287 billion Hong Kong dollars.

In terms of news, on December 26, reports from Jiemian News and others indicated that Xiaomi Group is actively building its own GPU supercluster to increase investments in AI large models. The report noted that the Xiaomi large model team already had 6,500 GPU resources at its inception. This move demonstrates Xiaomi's determination and commitment in the AI Hardware field.

It is worth noting that on November 19, Kingsoft Cloud announced that KINGSOFT has signed a new framework agreement with Xiaomi. GF SEC expressed a Bullish outlook for the subsequent computing power demand as Xiaomi deeply integrates AI into its ecosystem. Everbright pointed out that Kingsoft Cloud, as the only strategic cloud platform within the Xiaomi & KINGSOFT ecosystem, is expected to have revenue elasticity from the ecosystem, and its profitability is likely to continue improving. It is anticipated that the company's adjusted Operating margin is expected to turn positive by 2025.

Editor/ping