I just happened across this Kingsoft-KC it has a break out look.... Paul Tudor likes it
8. Kingsoft Cloud Holdings Limited (NASDAQ: KC)
Ranking 8th on billionaire Paul Tudor Jones' top 10 stock picks list is Kingsoft Cloud Holdings Limited (NASDAQ: KC), which is a recent Nasdaq IPO that provides cloud services to businesses and organizations in China. Since going public in May 8, 2020, KC shares showed a 146% price appreciation and its price is still reaching new high levels.
Paul Tudor Jones increased his position during the third quarter of 2020. The stake is valued at $20.175 million constituting 0.9% of the portfolio.
As the number of Chinese companies adopting multi-cloud strategies is increasing, KC has a substantial potential to grow over the medium to long run since it is the largest independent cloud service provider in China.
The company reported a 12.6% increase in revenues during the third quarter of 2020, compared to the second quarter, while EPS is still in the negative zone.
8. Kingsoft Cloud Holdings Limited (NASDAQ: KC)
Ranking 8th on billionaire Paul Tudor Jones' top 10 stock picks list is Kingsoft Cloud Holdings Limited (NASDAQ: KC), which is a recent Nasdaq IPO that provides cloud services to businesses and organizations in China. Since going public in May 8, 2020, KC shares showed a 146% price appreciation and its price is still reaching new high levels.
Paul Tudor Jones increased his position during the third quarter of 2020. The stake is valued at $20.175 million constituting 0.9% of the portfolio.
As the number of Chinese companies adopting multi-cloud strategies is increasing, KC has a substantial potential to grow over the medium to long run since it is the largest independent cloud service provider in China.
The company reported a 12.6% increase in revenues during the third quarter of 2020, compared to the second quarter, while EPS is still in the negative zone.