Kingsoft Cloud Surges Over 16% in Afternoon Trading; Institutions Expect AI Business to Maintain Rapid Growth

SadMoneyMeow · 2026-03-18T09:28:21+00:00

Kingsoft Cloud stock price surged more than 18% in afternoon trading, benefiting from surging AI demand and industry price recovery. Alibaba Cloud announced price increases of up to 34% for its AI products, indicating improving industry dynamics in cloud services. Kingsoft Cloud is expected to achieve high-speed growth in the future.

SadMoneyMeow

2026-03-18 09:28:21

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Kingsoft Cloud (03896) surged over 18% in the afternoon. As of the time of writing, the stock price increased by 15.81%, currently trading at HKD 7.84, with a turnover of HKD 1.744 billion.

Alibaba Cloud announced today that due to the explosive global demand for AI and rising supply chain costs, prices for Alibaba Cloud AI computing power, storage, and other products have increased by up to 34%.

Everbright Securities previously pointed out that the strong global demand for AI computing power is reshaping the logic of the cloud service industry. With AWS breaking the norm by raising prices first, the industry’s vicious price competition is expected to end, and both profit centers and valuation systems will undergo dual recovery. As a core cloud platform within the Xiaomi ecosystem, Kingsoft Cloud’s AI business is expected to maintain rapid growth and directly benefit from the industry’s recovery and its own accelerated growth.

(Edited by: Dong Pingping)

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