Deutsche starts Kingsoft Cloud at Buy amid ‘explosive’ AI demand growth

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.