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UBS Upgrades Kingsoft Cloud Holdings Limited (KC): AI-Driven Growth and Ecosystem Support Signal Undervalued Opportunity
Kingsoft Cloud Announces Change of Business Address in Hong Kong
Why Kingsoft Cloud Holdings Ltd (KC) Skyrocketed in Q4
Market Movements | Kingsoft Cloud's Hong Kong stock surged over 9% in the last trading hours, as the company benefits from the huge future demand for Cloud Computing Service from Xiaomi Group and KINGSOFT.
Kingsoft Cloud's Hong Kong stock rose to 9% in late trading, at the time of writing, it increased by 9.23%, priced at 5.8 Hong Kong dollars, with a trading volume of 0.464 billion Hong Kong dollars.
Hong Kong stock market midday review | The three major Indexes collectively rebounded! Xiaomi and Tencent rose about 2%; Semiconductors stocks continued to rise, Semiconductor Manufacturing International Corporation rose over 4%.
Network Technology stocks weakened, Bilibili-W fell by 3.60%, XIAOMI-W rose by 2.59%; Sporting Goods stocks performed well, ANTA SPORTS increased by 5.32%, TOPSPORTS dropped by 3.44%; Hong Kong Retail Stocks weakened, BOSSINI INT'L rose by 3.81%, PRADA fell by 2.76%;
U.S. stock market closing | Jensen Huang caused a collapse in quantum computing stocks, QUBT fell over 43%; China Concept Stocks fell, Xiaopeng Autos dropped over 5%.
① The Nasdaq China Golden Dragon Index fell by 0.67%, with most China Concept Stocks declining; ② Wildfires ravaged California, and Electrical Utilities provider Edison International fell by 10%; ③ Jensen Huang stated that a "very useful" quantum computer may take several decades to arrive; ④ Intel: will continue to focus on the independent graphics card market.
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