Movement Alert|Kingsoft Cloud Rises 6.54% in Regular Trading, AI Computing Price Hike Nearing Effective Date Amid Sector Recovery

Market Focus06-29

On June 29, Kingsoft Cloud rose 6.54% in regular trading, trading at 4.48 HKD/share, with turnover of 56.33 million HKD.

On the news front, the company previously announced AI computing-related product and service price increases of approximately 15%-50%, set to take effect on July 12. As the implementation date approaches, market expectations for profit improvement have intensified. Additionally, the AI pricing theme has seen a significant uptick in trading activity recently, with sector linkage effects driving individual stocks to rebound from recent lows.

On the fundamental side, Kingsoft Cloud's Q1 smart computing cloud billing revenue surged 90.1% year-over-year, with its share of public cloud revenue exceeding 50% for the first time. Guosheng Securities initiated coverage with a Buy rating and a target price of 8 HKD, citing the company's transformation toward a full-stack AI service provider. The brokerage projects revenue of 12.6 billion, 15.5 billion, and 19.4 billion yuan for fiscal years through 2028.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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