Reported 1 day ago
Kingsoft Cloud Holdings Limited (NASDAQ:KC) experienced a significant rise of 18.73% to close at $15.09 per share, buoyed by the US government's recent relaxation of chip export restrictions to China. This surge reflects heightened investor confidence and favorable trade relations, while also benefitting Nvidia Corp., whose CEO recently met with Kingsoft's chairman. Investment firm CLSA continues to rate KC favorably, suggesting an upside potential in the stock.
Source: YAHOO