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XIAOMI-W Spikes ~5% on Rumor of Home-growing AI Foundation Model; Fellow KINGSOFT CLOUD Soars ~28%
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XIAOMI-W (01810.HK) peaked at $34.5 today (27th) after opening 2.29% higher. It last traded at $34.35, up 4.89%, with 80.288 million shares traded, involving $2.728 billion. The company is stepping up its development of its own foundation model for AI, while deploying a 10,000-GPUs cluster, Jiemian.com reported. Fellow KINGSOFT CLOUD (03896.HK) peaked at $6.1 today, after opening up by 12.1%. It last traded at $5.92, up 27.86%, with 77.7128 million shares traded, involving $427 million. KINGSOFT (03888.HK) also opened 1.93% higher this morning, and last posted at $34, up 1.04%, with 1.3234 million shares traded, involving $45.1909 million. A number of investment banks foresaw that the persistent rise in demand for cloud services from Xiaomi and Kingsoft Ecosystem will drive Kingsoft Cloud's revenue visibility, operating cash recovery, and support the company's investment in incremental computing power. AAStocks Financial News |
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