Today, the Hong Kong stock market opened, $XIAOMI-W (01810.HK)$ A strong upward surge, with the stock price rising nearly 6% to reach HKD 34.95, just a step away from breaking the previous historical high of HKD 35.9.
Xiaomi-Backed stocks $KINGSOFT CLOUD (03896.HK)$ Soaring more than 34%, reaching HKD 6.22, at one point hitting HKD 6.7 during the session, which represented a surge of over 340% compared to the closing price on October 31.
$Kingsoft Cloud (KC.US)$ The US stock night session rose nearly 18%, closing at 12 dollars.
According to previous reports from Jiemian News, Xiaomi is working on building its own GPU cluster and will make significant investments in AI large models. The Xiaomi large model team already had 6,500 GPU resources at its establishment.
A knowledgeable person stated that the plan has been in effect for several months, with Lei Jun playing an important leadership role. "In terms of AI Hardware, the most important aspect is the smartphone rather than glasses; it is impossible for Xiaomi not to be 'all in' in this field."
Signals had previously indicated Xiaomi's increased emphasis on AI large models. On December 20, according to First Financial, one of the key developers of the open-source large model DeepSeek-V2, Luo Fuli, will join Xiaomi, possibly working in the Xiaomi AI Lab and leading the Xiaomi large model team.
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.
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