Kuaishou (01024) stock price rose by more than 25% this week, with multiple institutions such as JP Morgan and Citigroup being bullish on it.

On March 7, Kuaishou (01024) rose against the trend, with the stock price closing at 63.7 Hong Kong dollars, an increase of 4.77%. Since the beginning of the week, Kuaishou's stock price has accumulated an increase of over 25%, showing a strong performance. On the news front, Citigroup released a research report yesterday maintaining a "buy" rating for Kuaishou - W. Citigroup pointed out that the recent rise in Kuaishou's stock price may benefit from the Chinese government's first mention of promoting the combination of artificial intelligence and action in this year's government work report. In addition, Chen Changsheng, a member of the drafting team of the government work report and deputy director of the State Council Research Office, mentioned in a press conference that the evaluation of the Ke Lingda model internationally has exceeded that of Sora. With continuous policy support in the field of artificial intelligence, Kuaishou is expected to receive more development opportunities in the AI race track. Previously, JPMorgan also released a research report giving Kuaishou - W a "hold" rating. The bank pointed out that Kuaishou has a unique content ecosystem and a large loyal user base, and these advantages have not been fully utilized. JPMorgan expects the next catalyst for Kuaishou to be the fourth quarter financial report of the 2024 fiscal year and anticipates that the management will provide updates on the impact of artificial intelligence on Kuaishou's core applications and the Ke Lingda model. Therefore, the bank gives a "hold" rating to Kuaishou.