Stock Track | KINGSOFT CLOUD Soars 6.24% as AI Boom Revalues Cloud Computing Sector

Stock Track
Sep 11

KINGSOFT CLOUD (03896) saw its stock price surge by 6.24% in intraday trading, as investors reacted positively to a new research report highlighting the growing importance of cloud computing in the AI era. The rally comes amid a broader reassessment of cloud infrastructure providers, which are seen as critical enablers of the ongoing AI revolution.

According to a recent report by Zhongyu Securities, the AI boom is creating a widening supply-demand gap in computing infrastructure. This trend is driving multi-layered investment opportunities, with cloud computing companies like KINGSOFT CLOUD positioned to benefit significantly. The report specifically recommended KINGSOFT CLOUD as a key investment target in the cloud computing sector, alongside other major players in the industry.

The bullish outlook for cloud providers is further supported by the aggressive capital expenditure plans of tech giants both domestically and internationally. Companies like Alibaba, Tencent, and Baidu are substantially increasing their investments in cloud and AI infrastructure. This surge in demand and investment is expected to create a favorable environment for cloud service providers like KINGSOFT CLOUD, potentially driving further growth and revaluation in the sector.

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