On September 4, KINGSOFT CLOUD rose 5.59% in regular trading, trading at HK$5.64/share, with turnover of HK$118 million.

On the news front, the company recently reported Q2 results showing total revenue of RMB 3.072 billion, up 30.8% year-over-year to a record quarterly high. AI cloud billing revenue surged 82% to RMB 1.33 billion, accounting for 56% of public cloud revenue. Notably, the company recorded its first-ever positive GAAP operating profit in the quarter, with adjusted operating margin improving to 4.0% from -7.1% a year ago.

Following the earnings release, several major investment banks raised their target prices. Bank of America lifted its target to US$21.4, citing expectations that revenue growth could accelerate in the second half. Jefferies raised its target to US$17.7 while upgrading revenue forecasts, and Daiwa increased its target to HK$13, maintaining a Buy rating.

Additionally, the company recently launched its AI SOC security platform, further expanding its AI product portfolio and providing incremental support to market sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)