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Kingsoft Cloud Holdings Limited provides cloud-based services to Asia-based companies. The company's revenue continues to decline and operating losses remain high despite efforts to grow AI capabilities and reduce customer dependence. The global cloud services market is expected to reach $2.5 trillion by 2031, driving the potential for growth in Kingsoft Cloud.

BEIJING, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) (“Kingsoft Cloud” or the “Company”), a leading independent cloud service provider in China, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2023 and its unaudited interim results for the six months ended June 30, 2023 before the open of U.S. markets on Tuesday, August 22, 2023.

An analyst got significantly less bearish on the company's prospects. He raised his price target from sell to neutral.

The world of artificial intelligence (AI) is rapidly evolving, and its impact on the stock market today is increasingly significant. Whether you're trading penny stocks or higher-priced stocks, the wave of momentum is unavoidable to notice right now.

BEIJING, May 09, 2023 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) (“Kingsoft Cloud” or the “Company”), a leading independent cloud service provider in China, today announced that it will release its unaudited financial results for the first quarter ended March 31, 2023 before the open of U.S. markets on Tuesday, May 23, 2023.

BEIJING, March 15, 2023 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) (“Kingsoft Cloud” or the “Company”), a leading independent cloud service provider in China, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022 before the open of U.S. markets on Wednesday, March 29, 2023.

Kingsoft Cloud Holdings Limited went public in early 2020, raising approximately $510 million in a U.S. IPO. The firm provides a range of IT infrastructure software and services to companies in China.

Recent developments in the company's home country and an analyst's price target bump fueled the rally.

Continued hopes for a reopening lifted the sector.

Kingsoft Cloud Holdings Limited (NASDAQ:KC ) Q3 2022 Earnings Conference Call November 23, 2022 7:00 AM ET Company Participants Nicole Shan - IR Manager Tao Zou - Vice Chairman & CEO Haijian He - CFO Conference Call Participants Thomas Chong - Jefferies Xiaodan Zhang - CICC Joel Ying - Nomura Timothy Zhao - Goldman Sachs Operator Thank you for standing by, and welcome to the Kingsoft Cloud Holdings Third Quarter 2022 Earnings Conference Call. All participants are in a listen-only mode.