Kingsoft Cloud Holdings Ltd's stock soared 5.15% during intraday trading on Thursday.

The surge follows recent price adjustments by major cloud industry players. Alibaba Cloud has issued multiple price increase announcements, while Anthropic has shifted its enterprise pricing model to bill based on actual computing resource consumption, signaling a favorable pricing environment for cloud services.

Analysts note that independent cloud providers like Kingsoft Cloud are well-positioned to benefit from these trends. The company's strong integration within the Xiaomi-Kingsoft ecosystem provides revenue stability and user loyalty, particularly as Xiaomi's advanced large language model gains global recognition. Additionally, Kingsoft Cloud's focus on AI-sensitive services aligns with growing demand in the domestic cloud market.

Broader positive sentiment for Chinese ADRs also contributed to the movement, as China's first-quarter GDP growth exceeded forecasts.