Market Movement Update | Kingsoft Cloud surged over 8%, skyrocketing 230% since November! KINGSOFT signed a new framework agreement with Xiaomi.

Kingsoft Cloud rose over 8%, having accumulated a strong increase of 230% since November. On November 19, Kingsoft Cloud announced that KINGSOFT has signed a new framework agreement with Xiaomi, with the annual upper limits suggested in the framework agreement for 2025-2027 being 2.31 billion yuan, 3.138 billion yuan, and 4.035 billion yuan respectively. GF SEC expressed a bullish outlook on the subsequent demand for computing power as Xiaomi deeply integrates AI into its ecosystem.

Zhitong FinanceDec 20 22:55

U.S. stocks move: Kingsoft Cloud rose nearly 7% before market opening. Shares Listed in Hong Kong surged nearly 11% today, receiving positive feedback from Institutions.

On December 20, according to Gelonghui, Kingsoft Cloud in Hong Kong surged nearly 11%, leading Kingsoft Cloud (KC.US) to rise 6.79% in Pre-Market Trading. Recently, AI applications have been extremely popular, and GF SEC expressed a Bullish outlook on the company's future power demand as Xiaomi deeply integrates AI into its ecosystem. Additionally, UBS Group published Research Reports indicating that Kingsoft Cloud benefits from AI development and the support of the Kingsoft ecosystem, believing that the market has underestimated the potential development opportunities of Kingsoft and its AI Business.

Gelonghui FinanceDec 20 17:10

Hong Kong stocks movement | Kingsoft Cloud (03896) rose over 12% in early trading, benefiting from Xiaomi's demand for computing power as it deeply integrates AI into its ecosystem.

Kingsoft Cloud (03896) rose over 12% in the early session, as of publication, it is up 11.58%, priced at 4.72 Hong Kong dollars, with a transaction volume of 0.361 billion Hong Kong dollars.

Zhitong FinanceDec 20 10:56

Mama's Creations Posts Weak Earnings, Joins EVgo, Red Cat Holdings And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

BenzingaDec 17 21:04

Express News | Kingsoft Cloud's subsidiary information Technology company increased its capital to 0.5 billion USD.

BreakingsDec 13 10:46

Statistics on the changes in the proportion of Zhitong Hong Kong Stock Connect | December 11.

Statistics of significant changes in the Hong Kong Stock Connect proportion | December 10, 2024

Zhitong FinanceDec 11 08:35