As previously reported, Deutsche Bank analyst Leo Chiang initiated coverage of Kingsoft Cloud (KC) with a Buy rating and $21 price target Kingsoft Cloud, as one of the “leading” cloud service providers in China with extensive cloud infrastructure and a comprehensive suite of cloud-based services and industry-specific solutions, is set to benefit from “explosive growth” in demand for AI computing and its strategic cooperation with key shareholders Xiaomi and Kingsoft Group, the analyst tells investors.
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