Movement Alert|KINGSOFT CLOUD Rises 6.02% in Regular Trading, US ADR Surged Nearly 10% Overnight as AI Cloud Sector Strengthens

Market Focus08-03 09:38

On August 3, KINGSOFT CLOUD rose 6.02% in regular trading, trading at approximately 6.095 HKD/share, with turnover of HKD 284 million. The rally was primarily driven by the company's US-listed ADR closing up 9.96% at $11.15 on Friday, triggering positive linkage in the Hong Kong-listed shares, while the broader AI cloud services sector continued to attract sustained capital inflows.

Multiple catalysts are reinforcing the stock's upward momentum. The company's AI-related revenue is projected to surge 109% year-over-year, supported by Xiaomi's computing power budget being upgraded to over RMB 10 billion — a significant increase from the initial RMB 4 billion plan. Additionally, KINGSOFT CLOUD announced price increases of 15%-50% on AI computing products effective July 12, marking a shift from competitive pricing to supply-demand driven pricing across the industry. Morgan Stanley initiated coverage with an Overweight rating and a $15 target, citing the company's transformation into a full-stack AI cloud service provider backed by the Xiaomi and Kingsoft ecosystem.

(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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