On July 20, Kingsoft Cloud rose 5.08% in regular trading, trading at 5.15 HKD/share, with turnover of approximately 54.31 million HKD.

On the news front, Kingsoft Cloud recently announced that Lei Jun has resigned as company chairman. The market interprets this move as an effort to remove factional labels and reinforce the company's independent positioning as a neutral AI computing power operator, which could help expand its customer base beyond the existing ecosystem.

Additionally, Morgan Stanley previously initiated coverage with an Overweight rating and a target price of 15 USD, expressing optimism about its transformation into an AI cloud service provider. The company's AI computing product and service price increases of 15%-50% officially took effect on July 12, marking the industry's entry into a new phase of supply-demand-based pricing. Guosheng Securities also initiated coverage with a Buy rating, projecting revenues of 12.6 billion, 15.5 billion, and 19.4 billion yuan for the next three years, driven by ecosystem computing demand and platform upgrades.

(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.)