On July 10, Kingsoft Cloud rose 5.32% in regular trading, trading at 5.73 HKD/share, with turnover of 192 million HKD.

On the news front, multiple catalysts are converging to drive the stock higher. Morgan Stanley recently initiated coverage on Kingsoft Cloud with an Overweight rating and a $15 price target, designating it as its top pick in the Greater China IT services and software sector. The bank called it a pure AI cloud play, projecting AI-related revenue to surge 109% year-over-year.

Meanwhile, Xiaomi's GPU computing demand has been upgraded from a 10,000-card cluster to an ultra-large-scale computing cluster, with the total project budget raised from approximately 4 billion yuan to over 10 billion yuan. Alibaba's large model team has also signed a 5-year computing power lease contract involving over 3,000 eight-GPU servers, with annualized revenue exceeding 4 billion yuan upon full delivery. Additionally, the company's previously announced AI computing price increase of 15%-50% is set to take effect on July 12, further reinforcing expectations for revenue and margin improvement.

(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.)