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Kingsoft Cloud disk moves up nearly 4% before the bell; Morgan Stanley is optimistic about its rapid growth in AI revenue

金色财经_
Golden Finance reported that on July 10, Kingsoft Cloud (KC.US) rose 3.92% before the market opened, to $10.88. Morgan Stanley issued a research report saying it has initiated coverage of Kingsoft Cloud with an “increase holdings” rating, setting a target price of $15. The firm expects the company’s transition from a mid-tier general cloud services provider to an AI cloud services provider, noting that its AI revenue is growing rapidly, its profitability continues to improve, and it is backed by a strong ecosystem support from Xiaomi and the Kingsoft Group.
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