Movement Alert|KINGSOFT CLOUD Rises 5.44% in Regular Trading, AI Cloud Transformation Continues to Win Investment Bank Endorsements

Market Focus07-29

On July 29, KINGSOFT CLOUD rose 5.44% in regular trading, trading at HK$5.43/share, with turnover of HK$130 million. The stock continues to benefit from multiple positive catalysts centered on its AI cloud transformation.

On the news front, Morgan Stanley previously initiated coverage on KINGSOFT CLOUD with an Overweight rating and a US$15 price target, designating it as a top pick in the Greater China IT services and software sector. The bank highlighted that AI business already contributes 34% of revenue, with AI-related income projected to surge 109% year-over-year. Additionally, UBS recently expressed a positive view on the company, noting that Chinese AI models are poised to gradually capture global market share.

Further supporting sentiment, the company officially raised prices on AI computing-related products and services by 15%-50% effective July 12, a move expected to improve profitability outlook. Industry analysts have characterized this adjustment as a continuation of sector-wide repricing following similar moves by Alibaba Cloud, Baidu AI Cloud, and Tencent Cloud, confirming a shift from competitive pricing to supply-demand-driven pricing in AI computing.

(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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