HK Stock Market Move | KINGSOFT CLOUD (03896) rose more than 6%, major domestic cloud vendors have started a price increase cycle, the company's growth potential is expected to be opened up.

KINGSOFT CLOUD (03896) rose by over 6%, as of the time of publication, it increased by 6.46% to HK$8.41, with a trading volume of HK$490 million. On the news front, on April 9th, Tencent Cloud announced price adjustments for AI computing power, container services, and EMR related products. Due to the continuous surge in global demand for AI computing power and substantial cost increases in the core hardware supply chain, Tencent Cloud will adjust the list prices of AI computing power, container services, and Elastic MapReduce (EMR) related products starting from May 9, 2026. It is worth noting that Tencent Cloud had already increased prices on March 11, followed by Alibaba Cloud and Baidu Intelligent Cloud announcing price hikes of up to 34% and 30% respectively on AI computing power products on March 18. Changjiang pointed out that on one hand, since the beginning of the year, openclaw has continued to heat up, token demand has exploded, and the cloud computing industry has entered an inflationary period with cloud vendors starting to regain pricing power. On the other hand, Xiaomi Mimo's large model is moving towards trillion-parameter AI closed-loop acceleration and the company's ecosystem orders have a strong certainty. Additionally, the company's customers are expanding into various scenarios such as autonomous driving, Siasun Robot & Automation, high-end manufacturing, and financial technology. The firm is optimistic about the company starting a price increase cycle in the industry's high prosperity period, while both AI business and industry cloud business are maintaining good growth, potentially contributing to future incremental space.