Kingsoft Cloud Holdings Limited (KC) Reports 16% YoY Revenue Growth in FQ3 2024, Fueled by AI Demand and Ecosystem Services [Yahoo! Finance]
Kingsoft Cloud Holdings Limited - American Depositary Shares (KC)
Company Research
Source: Yahoo! Finance
The company's public cloud revenue rose 15.6% and enterprise cloud revenue increased 16.7%, with AI contributing 31% of public cloud revenue. This growth is part of a larger trend of increasing demand for AI in business, with major tech companies investing heavily in infrastructure and shifting from experimentation to deployment. We recently compiled a list of the 10 Emerging AI Stocks You Should Keep on Your Radar In this article, we are going to take a look at where Kingsoft Cloud Holdings Limited (NASDAQ:KC) stands against the other AI stocks you should keep on your radar. As reported by CNBC on November 13, OpenAI's "blueprint for U.S. AI infrastructure" outlines plans for AI economic zones, utilizing the U.S. Navy's nuclear expertise, and attracting private investment in government projects. The proposal includes a North American AI alliance to compete with China and a National Transmission Highway Act to modernize the grid. OpenAI views AI as a transformative technology, dri
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News
- Kingsoft Cloud Holdings Limited (NASDAQ: KC) was upgraded by analysts at UBS Group AG from a "neutral" rating to a "buy" rating. They now have a $12.50 price target on the stock, up previously from $4.20.MarketBeat
- Kingsoft Cloud Holdings (KC): A Rising Star in AI and Cloud Computing [Yahoo! Finance]Yahoo! Finance
- Kingsoft Cloud Holdings Limited (NASDAQ: KC) was upgraded by analysts at Nomura Securities from a "hold" rating to a "strong-buy" rating.MarketBeat
- Kingsoft Cloud Holdings Limited (NASDAQ: KC) was upgraded by analysts at Nomura from a "neutral" rating to a "buy" rating. They now have a $6.70 price target on the stock, up previously from $2.30.MarketBeat
- Kingsoft Cloud Holdings Ltd (KC) Q3 2024 Earnings Call Highlights: Strong AI Revenue Growth and ... [Yahoo! Finance]Yahoo! Finance
KC
Earnings
- 3/20/24 - Beat
KC
Sec Filings
- 12/9/24 - Form 144
- 12/5/24 - Form 6-K
- 11/29/24 - Form 6-K
- KC's page on the SEC website