US Stock Market Move | KINGSOFT CLOUD (KC.US) rose more than 8% before the market open. Goldman Sachs Group, Inc.: Xiaomi continues to increase AI investment, companies significantly benefited.

On Wednesday, KINGSOFT CLOUD (KC.US) rose more than 8% in pre-market trading, reaching $14.24. Goldman Sachs Group, Inc. released a research report stating that it is expected that Xiaomi will invest about 10 billion yuan in the field of AI by 2026, and KINGSOFT CLOUD could become a major beneficiary of Xiaomi's continued increase in AI investments. The firm stated that Xiaomi is determined to integrate AI with the physical world through its "people, cars, and homes" ecosystem, and it is expected that KINGSOFT CLOUD will update its existing transaction agreement with Xiaomi in the first half of this year, leading to a 10% to 15% increase in the upper limit of revenue from Xiaomi from 2026 to 2027, which means that the compound annual growth rate of revenue from Xiaomi from 2025 to 2028 could reach 37%.