Kingsoft Cloud Holdings Ltd's stock surged 6.66% in Hong Kong and its U.S.-listed shares rose over 7% in overnight trading.
The increase is attributed to the company's announcement that its Xingliu intelligent computing platform has completed a strategic upgrade, transforming into a one-stop AI training and inference full-process platform. This development is expected to leverage the growing AI inference market, projected by McKinsey to reach $150 billion by 2028 with a compound annual growth rate over 40% from 2025 to 2028.
Analysts highlight that AI-driven growth and ecosystem synergies are likely to further boost the company's prospects, contributing to the stock's upward movement.
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