HK Stock Market Move | KINGSOFT CLOUD (03896) rose nearly 7% again. KINGSOFT CLOUD's star platform has completed a strategic upgrade, and its AI business is expected to maintain high-speed growth.

KINGSOFT CLOUD (03896) has risen by nearly 7%, reaching 6.98% as of the time of writing, with a price of 7.36 Hong Kong dollars and a trading volume of 1.018 billion Hong Kong dollars. On the news front, at the KINGSOFT CLOUD annual Tech Talk held last week, KINGSOFT CLOUD Senior Vice President Liu Tao announced that the intelligent computing platform KINGSOFT CLOUD Xingliu has completed a strategic upgrade from a resource management platform to a one-stop AI training and promotion process platform. From training platforms, Siasun Robot & Automation platforms to model API services, the upgraded KINGSOFT CLOUD Xingliu platform has built a full-link closed loop from heterogeneous resource scheduling, training task fault self-healing to Siasun Robot & Automation industry application support, and commercial landing of model API services. GF SEC released a research report stating that KINGSOFT CLOUD has high visibility strong demand, Xiaomi Jinshan is increasing AI investment, basic large models, intelligent cars, and WPS all require a large amount of AI training and reasoning power, and non-Xiaomi customer AI demand is also strong. EB SECURITIES also stated that as the core cloud platform of Xiaomi's ecosystem, KINGSOFT CLOUD's AI business is expected to maintain rapid growth and is expected to directly benefit from the industry's economic turnaround and its own accelerated growth.