Kingsoft Cloud's stock soared 5.62% during Wednesday's intraday trading session, reflecting significant investor interest in the company.

The surge appears driven by the recent launch of API-related services under the cooperation framework agreement with Xiaomi Group, which has fueled market expectations for accelerated growth in Kingsoft Cloud's AI computing power business. As the sole strategic cloud platform within the Xiaomi-Kingsoft ecosystem, the company is well-positioned to capture surging AI computing demand driven by Xiaomi's expanding capital expenditure in areas like large model training, smart vehicle research and development, and ecosystem inference workloads.

Additionally, the broader computing power rental market is exhibiting strong seller-market characteristics, entering a high-prosperity cycle marked by simultaneous increases in both volume and price. This favorable industry trend, coupled with positive sector performance and management's reaffirmed commitment to investing in intelligent cloud computing, has provided further support for the stock's upward movement.