US Stock Market Move | KINGSOFT CLOUD (KC.US) increased by 6%, performance exceeded expectations, and institutions are optimistic about it.

On Wednesday, KINGSOFT CLOUD (KC.US) rose by 6% to $17.03. Bank of America Securities released a research report stating that during an investor event held recently, discussions with the management of software companies such as Kingdee, Meitu, Beijing Kingsoft Office Software, Inc., Yonyou, and others in China's National Software & Service industry, data center, and cloud computing sectors revealed that the progress of AI monetization in software companies is stable, with the value of AI-related contracts continuing to increase. Meanwhile, AI deployment and coding are driving operational efficiency improvements in software companies. In the data center and public cloud field, the bank is more bullish on GDS Holdings Ltd. Sponsored ADR Class A, VNET Group, Inc. Sponsored ADR, and KINGSOFT CLOUD, as they are all benefiting from strong AI demand and exceeding performance expectations, with a "Buy" rating.