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<Research>UBS: Kingsoft Cloud Benefits from XIAOMI-W's AI Investment; TP Lifted to USD18.5
Recommend 28 Positive 62 Negative 28 |
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Driven by continuous model training and rapidly growing inference workloads, KINGSOFT CLOUD (03896.HK)(KC.US) will be a direct beneficiary of the rising AI demand this year, UBS issued a research report saying. The broker also believed that KINGSOFT CLOUD is less affected by industry headwinds such as regulatory policies, macroeconomic uncertainties, intensified competition and AI disruptions. UBS expected the Company to benefit from XIAOMI-W (01810.HK)'s increased AI investment to support large language model (LLM) training and accelerate adoption, which may lead to a rise in related party transaction capital expenditures this year. However, the broker anticipated a decline in revenue contribution from XIAOMI-W's ecosystem, as third-party customers in vertical areas such as AI & networking, autonomous driving, robotics and fintech may exhibit stronger growth. Therefore, UBS kept rating at Buy on the stock, and lifted its target price for Kingsoft Cloud (KC.US) from US$16.5 to US$18.5. AASTOCKS Financial News Website: www.aastocks.com |
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