Changes in US stocks | Jinshan Cloud (KC.US) rose more than 6%, and AI public cloud revenue growth is expected to boost second-quarter results

The Zhitong Finance App learned that on Tuesday, Jinshan Cloud (KC.US) rose nearly 7% to $12.73. According to the news, GF Securities released a research report saying that it predicts Jinshan Cloud's 26Q2 revenue to reach 3.04 billion yuan, up 29% year on year and 12% month on month. Revenue is mainly driven by AI public cloud growth; it is predicted that adjusted gross margin will increase by 1.8 pct to 14.6% month-on-month, and gross margin will pick up with cluster delivery; it predicts that 26Q2 will have a slightly adjusted OP, and the adjusted EBITDA rate is 34%.

The agency predicts that demand for AI computing power is currently strong but supply is tight, and that Jinshan Cloud has sufficient orders in hand. It predicts that revenue will increase 35%/34% year on year from 26 to 27, with AI public cloud business revenue increasing 83%/65% year on year. The company has strong demand with high visibility. Xiaomi Jinshan has increased investment in AI, large models and Internet customers have increased their demand for reasoning, and strong customer training needs such as physical intelligence and smart driving.