Movement Alert｜Kingsoft Cloud Rises 5.07% in Regular Trading, AI Agent Heatwave and Buyback Authorization Continue to Fuel Rally

Market Focus06-02 10:26

On June 2, Kingsoft Cloud rose 5.07% in regular trading, trading at HK$7.09/share, with trading volume of HK$279 million, extending its recent strong rebound momentum.

Multiple catalysts are converging to drive the stock higher. The open-source AI agent framework OpenClaw continues to gain traction among developers, boosting market expectations for cloud computing demand as AI transitions from answering questions to executing tasks. Meanwhile, the company's Q1 earnings showed total revenue of RMB 2.704 billion, up 37.2% year-over-year, with smart computing cloud billing revenue surging 90% to account for over half of public cloud revenue for the first time. Revenue from the Xiaomi and Kingsoft ecosystem grew 68.9% year-over-year to RMB 840 million.

Additionally, the board authorized a share buyback of up to 10% of outstanding shares, and Jefferies maintained a Buy rating with a US$19 target price, collectively reinforcing bullish sentiment. Global cloud vendors have also initiated rare computing power price increases, signaling intensifying AI infrastructure scarcity that benefits smaller-scale cloud providers like Kingsoft Cloud due to their higher earnings elasticity.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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