Kingsoft Cloud Holdings (KC): A Rising Star in AI and Cloud Computing [Yahoo! Finance]
Kingsoft Cloud Holdings Limited - American Depositary Shares (KC)
Company Research
Source: Yahoo! Finance
As per Nasscom Community, the cloud computing market saw a staggering growth in 2024, touching $1.2 trillion. This market was aided by significant demand for scalable, efficient, and cost-effective digital solutions. Some of the critical growth drivers include the proliferation of remote work, acceleration in digital transformation initiatives, and robust adoption of IoT devices. Over the past few years, cloud computing has merged with Al and redefined business operations throughout industries. As per Industry experts, cloud strategies have been shifting as organizations continue to utilize more services and Al is expected to be one of the biggest drivers. John Samuel, global CIO, and EVP at a global IT and outsourcing provider, believes that cloud providers have invested significantly in GenAl technologies and are collaborating with chip manufacturers to enhance performance and scalability. According to Samuel, these alliances should enable cloud platforms to power a growing eco
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KC
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 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 Limited (KC) Reports 16% YoY Revenue Growth in FQ3 2024, Fueled by AI Demand and Ecosystem Services [Yahoo! Finance]Yahoo! Finance
- 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