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Kingsoft Cloud Newsroom
Hang Seng Index rose 17 points for the whole day, netease rebounded by 6%, and chip stocks rose.
Nvidia (NVDA.US) rebounded 7% in stock price overnight, and funds flowed back into technology stocks, with the Nasdaq rising 1.3% and the Dow falling 0.8%. The Hang Seng index fluctuated and fell after opening 138 points lower. It was once up 83 points and reached a high of 18,156 points, up 17 points or 0.1% for the day to close at 18,089 points. The national index rose 12 points or 0.2% to close at 6,477 points, and Hang Seng Tech Index rose 34 points or 0.9% to close at 3,689 points. The total turnover of the market for the whole day was HK$95.15 billion, and the net inflow from southbound trading of Shanghai, Shenzhen and Hong Kong stock connect was RMB 3.437 billion and RMB 2.427 billion respectively. Meituan (0
Hong Kong stocks change | Kingsoft Cloud (03896) is now up more than 4%. The company is the only global strategic cloud platform within the Xiaomi and Kingsoft ecosystem.
According to the Zhītōng Cáijīng app, Kingsoft Cloud (03896) is now up more than 4%, as of press time, up 3.7%, to HKD 1.4, with a turnover of HKD 11.0025 million. Everbright Securities pointed out that as the only strategic cloud platform of Xiaomi and Kingsoft ecosystem, Kingsoft Cloud is expected to continue to benefit from the high-performance computing power demand brought by SU7 delivery and WPSAI commercialization. Kingsoft Cloud actively seizes AI development opportunities, on the one hand, further improves infrastructure investment, paving the way for large-scale cluster deployment capabilities required for future AI training; on the other hand, the company has established a wholly-owned subsidiary, "Beijing Kingsignal Intelligent Technology Co., Ltd.".
Hang Seng Index fell 95 points, central state-owned enterprises dividend index rose, while mainland real estate and domestic demand stocks fell.
The rise of the concept of Zhongtegu yesterday (19th) drove Hong Kong stocks to rise by 514 points. Hong Kong stocks fell today (20th), with the Hang Seng Index opening up 23 points, rising to 18,520 points in the early stage and then falling to 18,274 points, a drop of 95 points or 0.5% for the entire day; the state-owned enterprise red dividend ETF-related stocks fell by 31 points or 0.5%, closing at 6,556 points; the Hang Seng Technology Index fell by 64 points or 1.7%, closing at 3,767 points. The total turnover of the market for the entire day was HKD 103.555 billion, and the net inflow of southbound trading through the Shanghai and Shenzhen-Hong Kong Stock Connect was RMB 4.965 billion and RMB 4.51 billion.
Kingsoft Cloud ranks among the leaders in the China government cloud market quadrant of CCID Consulting, and the Galaxy platform has gained market recognition.
Recently, China's authoritative institution CCID Consulting released the Annual Report on China's Government Cloud Market Research for 2023-2024. With its unique technological innovation capabilities and profound service experience, Kingsoft Cloud ranks among the leaders in China's government cloud market quadrant. This also indicates that Kingsoft Cloud's technological and service capabilities for the landing of government data factor index values have been highly recognized by the industry. The Report provides a comprehensive analysis of the market size and structure, market pattern, and development trends of the government cloud. According to the Report data, the Chinese government cloud market maintained rapid growth in 2023, with a market size of 1078.
12 Information Technology Stocks Moving In Monday's After-Market Session
GainersFocus Universal (NASDAQ:FCUV) shares moved upwards by 6.8% to $0.26 during Monday's after-market session. The company's market cap stands at $16.8 million. Karooooo (NASDAQ:KARO) shares increas
Public Companies in Kingsoft Cloud Holdings Limited (NASDAQ:KC) Are Its Biggest Bettors, and Their Bets Paid off as Stock Gained 10% Last Week
Kingsoft Cloud Holdings' significant public companies ownership suggests that the key decisions are influenced by shareholders from the larger public
US Stocks Unusual Movement | Kingsoft Cloud rose by more than 4% pre-market due to bullish news.
On June 14th, GeLongHui reported that the Hong Kong stock market Kingsoft Cloud had a late-stage surge of up to 6%, driving the pre-market trading of Kingsoft Cloud (KC.US) up 4.2% to $2.97. In recent news, the company has released the ninth generation of cloud servers SE9. Everbright Securities pointed out that AI will become an important engine driving the growth of public cloud computing service, and it is expected that the gross margin rate will increase to 17% in 2024.
Hong Kong stock market anomaly: Kingsoft Cloud (03896) rose more than 4%. Recently, it released the ninth generation of cloud server SE9. Institutions expect gross margin to increase to 17% in 2024.
According to the intelligence finance APP, Kingsoft Cloud (03896) rises more than 4%, and as of the deadline, it rises by 3.9%, and the price is HKD 1.6, with a turnover of HKD 18.8984 million. In terms of news, Kingsoft Cloud issued the ninth generation of cloud servers based on Intel Xeon 6 power-efficient nuclear processors and efficient SE9. In terms of computing performance, SE9 single-core performance increased by 30% compared to the online best-selling model, and the cost-effectiveness ratio increased by more than 60%. The maximum package specification supports 256 cores and 512G; in terms of storage capacity, it is equipped with ultra-high-speed cloud disk ESSD, which can support a single-disk throughput of up to 1GB/s and 120,000 IOPS, with low access latency.
US stocks changed｜Kingsoft Cloud rose 3.33%, recently released the ninth generation cloud server SE9.
Kingsoft Cloud (KC.US) rose 3.33%, to $2.79. In terms of news, Kingsoft Cloud recently released the ninth-generation cloud server SE9, which is based on Intel Xeon E6 energy-efficient processors.
US stock market anomaly | Kingsoft Cloud rose nearly 4% before the market, and institutions expect the gross margin to increase to 17% in 2024.
On June 6th, Kingsoft Cloud (KC.US) pre-market trading rose 3.93% to $2.91. The gross margin of 1Q24 announced at the end of May reached 16.5%, an increase of 6.1pcts/1.8pcts year-on-year/month-on-month, achieving seven consecutive quarters of steady and continuous improvement and reaching a new historical high. Everbright Securities recently pointed out that looking forward to the full year of 2024, AI will become an important driving force for the growth of public cloud business, and the company actively seizes the opportunity for AI development. It is expected that the company's gross margin will steadily increase to 17% in 2024, and the adjusted EBITDA rate is expected to reach the level of 4%.
Express News | The NASDAQ Golden Dragon China Index fell 0.3% preliminarily, with popular China concept stocks Kingsoft Cloud down 2.8%, LandSpace, Xiaopeng, and PDD Holdings down more than 2%, Douyu, Baidu, NIO Inc. down more than 1%, Netease down 0.8%, JD.com and Li A
Kingsoft cloud (03896.HK) granted 2.85 million restricted share units.
Kingsoft Cloud (03896.HK) announced that on June 3, 2024, the company granted 2.85 million restricted stock units to certain employee participants under the 2021 stock-based incentive plan.
Jinshan Cloud (3896.HK) 1Q24 performance review: 1Q24 adjusted EBITDA for the first time and set up a wholly-owned subsidiary to actively seize AI development opportunities
Incident: The company released 1Q24 results, achieving revenue of 1.78 billion yuan, a year-on-year decline of 4.8%. It was mainly due to the company actively reducing the scale of the CDN business and screening industry cloud projects more strictly, but this was partially offset by the increase in AI revenue
Kingsoft Cloud Holdings First Quarter 2024 Earnings: CN¥1.49 Loss per Share (Vs CN¥2.57 Loss in 1Q 2023)
Goldman Sachs Maintains Kingsoft Cloud(KC.US) With Hold Rating, Cuts Target Price to $3.9
Goldman Sachs analyst Timothy Zhao maintains $Kingsoft Cloud(KC.US)$ with a hold rating, and adjusts the target price from $5 to $3.9.According to TipRanks data, the analyst has a success rate of 62.5
Jinshan Cloud (KC.US) EBITDA changed for the first time after the Q1 adjustment: the dawn has arrived, and the future can be expected
The newly disclosed 2024Q1 financial report shows that during the reporting period, Jinshan Cloud continued to achieve both growth in revenue scale and profitability, and adjusted EBITDA was corrected for the first time.
Form 144 | Kingsoft Cloud(KC.US) Insider Proposes to Sell 927K in Common Stocks
SEC FILLINGS DISCLOSED/ May 23, $Kingsoft Cloud(KC.US)$ Insider Qian Yifeng intends to sell 311.08K shares of its common stock on May 24, with a total market value of approximately $927K. Source: A
Form 144 | Kingsoft Cloud(KC.US) Insider Proposes to Sell 298K in Common Stocks
SEC FILLINGS DISCLOSED/ May 23, $Kingsoft Cloud(KC.US)$ Insider Liu Tao intends to sell 100K shares of its common stock on May 24, with a total market value of approximately $298K. Liu Tao has reduc
Kingsoft Cloud's Q1 Loss Narrows; Shares Drop 5%
Kingsoft Cloud Holdings' (HKG:3896) attributable loss narrowed to 359.4 million yuan, or 0.10 yuan per share, in the first quarter from 607 million yuan, or 0.17 yuan per share, in the year-ago period
Jinshan Cloud's Q1 revenue was 1.78 billion yuan, and continued to reap new breakthroughs in the vertical field
Gelonghui, May 23 | May 22, 2024, Jinshan Cloud (NASDAQ: KC, HKEX: 3896) released financial results for the first quarter of 2024. Financial reports show that Jinshanyun's Q1 revenue was 1.78 billion yuan, up 3.1% from the previous month; after the adjustment, EBIDTA was corrected for the first time. Benefiting from the release of demand for artificial intelligence, the company continues to expand the depth and breadth of service scenarios in high-value vertical fields that have already been deeply cultivated, and continues to reap new breakthroughs.