On July 2, Kingsoft Cloud rose 5.39% in regular trading, trading at HKD 4.86/share, with turnover of HKD 96.34 million. The stock continued its upward momentum as the company's previously announced AI computing power price adjustment approaches its July 12 effective date.

On the news front, Kingsoft Cloud officially announced that AI computing power-related product and service prices will be raised approximately 15%-50%, with file storage services increasing 30%-50%, effective July 12. The adjustment follows industry-wide repricing by peers including Alibaba Cloud, Baidu AI Cloud, and Tencent Cloud, confirming a structural shift from competitive undercutting to supply-demand driven pricing. Additionally, the recent release of national standards for AI agent interoperability has further boosted sector sentiment.

Fundamentally, Q1 smart computing cloud billing revenue surged 90.1% year-over-year, exceeding 50% of public cloud revenue for the first time. Guosheng Securities initiated coverage with a Buy rating and HKD 8 target price, while Goldman Sachs and Jefferies maintain Buy ratings with USD 19 targets, citing margin improvement potential of 2-4 percentage points post price adjustment.

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