US Stock Market Move | KINGSOFT CLOUD (KC.US) rose by 11%, Lyon expects the company GenAI's revenue to increase by 60% this year.
On Wednesday, Kingsoft Cloud (KC.US) rose 11% to reach $17.79.
On Wednesday, KINGSOFT CLOUD (KC.US) rose by 11% to $17.79. Lyon expects KINGSOFT CLOUD's GenAI revenue to grow by 60% to about 2 billion yuan this year, with incremental revenue mainly from Xiaomi's training demand in autonomous driving, about 400 to 500 million yuan, and expanding demand from AILLM startups, about 100 to 200 million yuan.
Lyon pointed out that some investors are concerned that there may be a price war in the mainland cloud market this year, and whether ByteDance's VolcanoEngine will be a trigger for the price war. The bank predicts that there will not be an extreme price war in the mainland cloud market in the short term, as all mainland network cloud manufacturers have experienced two years of losses or reduced low-profit businesses.
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