As previously reported, Nomura analyst Bing Duan upgraded Kingsoft Cloud (KC) to Buy from Neutral with a price target of $18.30, up from $18.10. The firm thinks China’s AI investment cycle is accelerating in 2025, driven by large language model development lead by DeepSeek and Gen AI application development and believes Kingsoft Cloud is well positioned to benefit as one of the leading AI cloud infrastructure service providers in China, the analyst tells investors.
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