Express News | Trump: Would Rather Not Have to Use Tariffs Over China
Kingsoft Cloud Holdings Limited (NASDAQ:KC) Shares Could Be 45% Below Their Intrinsic Value Estimate
Here's Why Investors Should Buy Kingsoft Cloud Stock Right Now
The US stock market fluctuated and then declined, Apple fell by 4%, Taiwan Semiconductor's ADR once rose over 7%, and Luxury Goods stocks along with European and American government bonds increased.
In December, USA's retail sales growth was weaker than expected, but the Philadelphia January manufacturing Index reached its highest level in nearly four years. Federal Reserve Board member Waller predicted that there might be up to four interest rate cuts this year, which lowered USA Treasury yields and the dollar. The S&P experienced its first decline in four days, previously boosted by Banks' Earnings Reports. Taiwan Semiconductor's quarterly report confirmed AI demand, leading to most chip stocks rising. Luxury Goods giant Richemont's earnings surpassed expectations, causing a collective increase among peers that pushed French stocks up over 2%. The China concept index rose against the trend, with DouYu increasing by about 28%. The yen approached 155, Bitcoin hovered around $0.1 million, oil prices fell from a six-month high, and Gold reached its highest in five weeks. As a cold wave hit, Henry Hub Natural Gas surged over 4%.
U.S. stocks are moving differently | Some China Concept Stocks are rising, with GDS Holdings (GDS.US) up over 5.6%.
Some China Concept Stocks are rising.
Liu Tao, Senior Vice President of Kingsoft Cloud: Innovations in Cloud Computing technology are a powerful catalyst for the development of AI.
Currently, AI and large models are rapidly transitioning from technological innovation to industrial transformation, and AI Agents are drawing significant attention as the next tipping point in the Industry. Looking ahead to the next decade, Cloud Computing will undoubtedly become a solid foundation and core driving force for the development of AI.
U.S. stock movement | The company announces an upgrade to its intelligent computing service system, Kingsoft Cloud (KC.US) rose nearly 5% in pre-market trading.
On Tuesday, Kingsoft Cloud (KC.US) rose nearly 5% in Pre-Market Trading, reaching $9.604.
Shares of Chinese Stocks Are Trading Higher. China's Central Bank Reportedly Indicated It Would Take Measures to Support Economic Growth.
Express News | Shares of Chinese Stocks Are Trading Higher. China's Central Bank Reportedly Indicated It Would Take Measures to Support Economic Growth
Is Kingsoft Cloud Holdings Limited (KC) the Best Cloud Computing Stock to Buy According to Analysts?
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
Hong Kong stock movement | Kingsoft Cloud (03896) rose more than 6% in early trading, benefiting from the huge demand for Cloud Computing Service from Xiaomi Group and KINGSOFT Group in the future.
Kingsoft Cloud (03896) rose more than 6% in early trading. As of this report, it has increased by 4.14%, priced at 5.53 Hong Kong dollars, with a trading volume of 0.186 billion Hong Kong dollars.
U.S. stock market close: the three major indexes varied in performance; Huang Renxun's remarks caused a collapse in the Quantum Computing Sector.
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.
Benefiting from the surge in demand for intelligent computing services, Kingsoft Cloud has gained further favor in the market.
The report titled "China's Intelligent Computing Service Market (First Half of 2024) Tracking" released by the well-known research Institution IDC shows that in the first half of 2024, China's intelligent computing service overall market grew by 79.6% year-on-year, with a market size reaching 14.61 billion yuan. According to IDC's forecast, the compound annual growth rate of China's intelligent computing service market from 2023 to 2028 will reach 56.2%. This reflects the enormous potential of China's intelligent computing service market. Industry analysis suggests that with the development of AI technology, the momentum for the development of the computing power industry in our country will continue to be strong, and computing power infrastructure manufacturers will welcome a new round of development opportunities. Kingsoft Cloud, as a leading domestic provider.
Kingsoft Cloud Maintains Stable Share Structure in December
Kingsoft Cloud Holdings' Affiliate to Sell, Lease Back Assets for 500 Million Yuan
U.S. stock market closing: the three major Indexes had mixed results, with the Technology conference CES boosting chip stocks higher.
① Nasdaq China Golden Dragon Index closed down 1.16%, most China Concept Stocks fell, Tencent ADR dropped nearly 8%; ② MicroStrategy has purchased Bitcoin for nine consecutive weeks; ③ Trump denies plans to reduce the applicability of tariffs; ④ Qualcomm announces the launch of the new AI chip Snapdragon X.
Express News | FTSE China A50 Index Futures Surge Over 1%; Pinduoduo Nearly 5% Premarket