Tuya Inc. (TUYA) saw its stock price surge 5.17% in Tuesday's pre-market trading following announcements of strategic construction contracts. The company, known for its AI cloud platform, is making significant moves to enhance its operations and infrastructure.

According to recent announcements, Tuya Inc.'s subsidiaries, Hangzhou Tuya Baji Technology Co., Ltd. and Hangzhou Tuya Jiuzhou Technology Co., Ltd., have secured important construction contracts. Notably, Tuya Jiuzhou has entered into an agreement with Yijian Construction for the development of a new headquarters. This move signals Tuya's commitment to expansion and strengthening its position in the AIoT (Artificial Intelligence of Things) sector.

Investors appear to be reacting positively to these developments, seeing them as indicators of Tuya's growth strategy and long-term vision. The construction of a new headquarters, in particular, suggests that the company is preparing for future scaling of its operations. As Tuya continues to build its AIoT developer ecosystem, these infrastructure investments could play a crucial role in supporting its mission to enable smart solutions for a global community of developers, brands, and integrators.