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.".

Zhitong FinanceJun 26 15:04

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.

Gelonghui FinanceJun 19 16:11

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

BenzingaJun 18 04:30

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

Simply Wall StJun 15 21:46

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.

Gelonghui FinanceJun 14 17:08

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.

Zhitong FinanceJun 14 11:55