10 Information Technology Stocks Whale Activity In Today's Session
Kingsoft Cloud Secures Key Approvals for Future Growth
[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.
Kingsoft Cloud Holdings Ltd. (KC) Ends Trading Week Defying Market Bloodbath
Overnight news: US stocks closed lower, Chinese concept stocks broadly declined, large Technology stocks faced sell-offs, Google reported unstable morale, the South Korean won fell for five consecutive weeks, and the USA is closely monitoring the politica
To view more global financial News, please visit the 24/7 real-time financial news. Market Close: U.S. stocks closed lower on Friday, with major Technology stocks falling broadly. All three major indices recorded gains this week. On December 27, the top 20 U.S. stock transaction volumes showed that several domestic automotive companies launched price reduction promotion strategies, with Tesla dropping nearly 5%. On Friday, popular China Concept Stocks fell broadly, with NIO and Xpeng down over 4%, JD.com down over 3%, and Kingsoft Cloud rising over 23%. Crude Oil Product: Oil prices are rising towards the end of the year, and the market is focusing on risks in 2025. Gold futures in New York fell nearly 0.7% on Friday, reporting at $2635.70 per ounce. Major European stock indices collectively rose, with the German DAX30 Index up 0.6.
Kingsoft Cloud Soars 20%: AI Momentum Propels 226% YTD Surge
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U.S. stocks moving | It is reported that Xiaomi will invest heavily in AI large models, Kingsoft Cloud (KC.US) pre-market rose by more than 15%.
On Friday, Kingsoft Cloud (KC.US) rose over 15% in pre-market trading, reaching $11.80.
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Hong Kong stocks closed (12.27) | The Hang Seng Index fell by 0.04%. The Semiconductors Sector performed strongly. Kingsoft Cloud (03896) stock price hit a historical high.
The Hong Kong stock market experienced a slight dip in the early session but quickly rebounded, with the three major Indices turning positive collectively, and the Hang Seng Index briefly rising over 1%; in the afternoon, the stock index maintained fluctuations, and the Hang Seng Index turned negative again by the end of the session.
Hong Kong stocks continue to warm up! This week, the three major indices have risen together, with Kingsoft Cloud accumulating a growth of over 40%.
① Has the Hong Kong stock market warmed up and has the capital situation improved? ② What is the reason for the strong performance of Semiconductors stocks today?
Hong Kong stock market closing review: The Hang Seng TECH Index rose by 0.69%, with significant gains in semiconductor and Defense stocks, and Xiaomi's share price approaching historical highs.
The Hang Seng Index slightly dropped by 0.04%, while the National Index rose by 0.02%.
Hong Kong stocks movement | Kingsoft Cloud (03896) rose over 44% during the session, reaching a new high, more than 500% increase from the low in September. Reports suggest that Xiaomi is increasing its investment in the AI sector.
Kingsoft Cloud (03896) rose more than 44% during the trading session, reaching a historic high of 6.7 Hong Kong dollars, up over 500% from the low of 1.08 Hong Kong dollars in September. As of the time of writing, it has increased by 34.56%, trading at 6.23 Hong Kong dollars, with a transaction volume of 1.942 billion Hong Kong dollars.
Hong Kong Stock Afternoon Review | Hang Seng Index rose 0.12% in the morning session as market funds flocked to the domestic chip Sector.
The International Semiconductors Industry Association (SEMI) has once again raised its forecast for the 2024 Global chip equipment sales.
Hong Kong stocks movement | Kingsoft Cloud (03896) rose over 12% in the morning, reports state that Xiaomi is building a GPU cluster of 10,000 cards, and the company benefits from the demand from Xiaomi and Kingsoft's ecosystem increasing.
Kingsoft Cloud (03896) rose over 12% in early trading, as of the time of writing, up 12.31%, priced at 5.2 Hong Kong dollars, with a turnover of 62.2157 million Hong Kong dollars.
Hong Kong stock Concept tracking | The "Implementation Guide for Digital Transformation of Manufacturing Enterprises" has been released, and the policy encourages the development of "AI+" research and design Software (including Concept stocks).
Three departments: Encourage enterprises to explore new applications in intelligent research and development, developing "AI+" research and design software.
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