US Stock Market Move | KINGSOFT CLOUD (KC.US) rose 13% in pre-market trading. The Qinghai Zhisuan Center recently opened and started running.

On Thursday, KINGSOFT CLOUD (KC.US) rose 13% in pre-market trading, reaching $10.08. On the news front, on December 13th, the KINGSOFT CLOUD Qinghai Wise Calculation Center Lighting event was held at the China Telecom Corporation's Digital Qinghai Green Big Data Center in Hehuang New District, Haidong City, marking the official opening of the KINGSOFT CLOUD Qinghai Wise Calculation Center. The total investment of the project is approximately 880 million yuan, with a planned cluster of 256 computation servers and a total computational power exceeding 4000P. Furthermore, UBS Group AG recently published a research report stating that benefiting from AI development and support from the Kingsoft ecosystem, KINGSOFT CLOUD's third quarter performance was strong, surpassing market expectations and helping to increase investors' expectations for its continuous revenue and profit recovery. The firm raised KINGSOFT CLOUD's rating from "Neutral" to "Buy" and raised the target price from $4.2 to $12.5, believing that the market has underestimated the potential development opportunities of Kingsoft and AI businesses.