Hong Kong stock movement | Kingsoft Cloud (03896) rises more than 12% as the company continues to accelerate its AI layout, and ecological collaboration is expected to drive performance growth.

Kingsoft Cloud (03896) rose over 11%, as of the time of writing, it increased by 11.61%, priced at 6.25 HKD, with a transaction volume of 0.358 billion HKD.

Zhitong Finance21:26 ET

Hong Kong stock market morning report on January 3: GTJA's merger application with HAITONG SEC will be discussed next week. Institutions expect that Hong Kong stock IPO fundraising could reach 160 billion Hong Kong dollars in 2025.

① PwC predicts that Hong Kong stock IPO fundraising could reach 160 billion Hong Kong dollars in 2025. ② GTJA's merger application with HAITONG SEC will be discussed next week. ③ Alibaba's buyback plan still has a remaining quota of 20.7 billion US dollars. ④ Last November, Hong Kong's retail sales volume decreased by 8.3% year-on-year.

cls.cn18:44 ET

U.S. stocks closed: the S&P and Nasdaq recorded five consecutive daily losses while Small Cap stocks saw a surge in speculative trading.

① The three major Index opened high but closed low, with the S&P and Nasdaq recording a decline for the fifth consecutive day; ② Tesla's annual delivery data has decreased for the first time in over a decade; ③ USA AI Nuclear Power Concept stocks secured a government L of 1 billion dollars; ④ "Roaring Kitty" leads the way, Small Cap thematic concept stocks gained hype.

cls.cn17:28 ET

10 Information Technology Stocks Whale Activity In Today's Session

BenzingaDec 31 12:35 ET

Kingsoft Cloud Secures Key Approvals for Future Growth

TipRanksDec 31, 2024 07:38 ET

[Brokerage Focus] HAITONG INT'L gives Kingsoft Cloud (03896) an initial rating of "Outperform the Market" and expects that ecological synergy advantages are likely to accelerate performance growth.

Kingwo Financial News | HAITONG INT'L released a research report stating that Kingsoft Cloud (03896) was founded in 2012. Leveraging over thirty years of enterprise service experience from Kingsoft Group, it has gradually built a complete Cloud Computing infrastructure and Operation system. By organically integrating advanced technologies such as Big Data, AI, and Edge Computing, it provides more than 150 multi-domain solutions, offering high-quality Cloud Computing Service to over 500 premium clients. The bank believes that the company is a leading Cloud Computing Service provider in the domestic market, with continuously improving technology, products, and service capabilities; the company's Global Strategy has shifted to fully embrace AI, strategically optimizing its revenue structure to enhance profitability.

Jinwu Financial NewsDec 31, 2024 01:34 ET