On July 16, Kingsoft Cloud rose 5.77% in regular trading, trading at HKD 5.54/share, with turnover of HKD 264 million.

On the news front, Kingsoft Cloud's previously announced AI computing-related product and service price increase of approximately 15%-50% officially took effect on July 12, marking the industry's shift from price-war-driven pricing to supply-demand-driven pricing. Meanwhile, Morgan Stanley recently initiated coverage with an Overweight rating and a USD 15 target price, citing optimism about the company's transformation into an AI cloud service provider.

On the fundamentals side, Xiaomi's GPU computing budget has been raised to over RMB 10 billion, Alibaba has signed a multi-billion five-year contract, and AI revenue now accounts for over 50% of total revenue. Within the Internet Services and Infrastructure sector, the overall sector strengthened notably, with GDS-SW up 5.09%, Crypto Flow up 6.92%, and Sunevision up 3.18%.

(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.)