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Citi Maintains Kingsoft Cloud(KC.US) With Buy Rating, Raises Target Price to $21.5
12 Information Technology Stocks Moving In Wednesday's Pre-Market Session
Hong Kong stocks closed (04.30) | Hang Seng Index rose 0.51%. AI Concept stocks performed strongly. China Mainland Banking stocks weakened after earnings.
The three major Hong Kong stock indices rebounded from the bottom, with the Hang Seng Index stabilizing above 22,000, and the Hang Seng Technology Index rising over 1%, performing the best.
Hong Kong stocks movement | Kingsoft Cloud (03896) rose more than 18% during the session. Xiaomi's first inference large model is open-sourced. The company is the core cloud provider in the Xiaomi-Kingsoft ecosystem.
Kingsoft Cloud (03896) rose over 18% during the trading session, and as of the time of this report, it is up 14.81%, priced at 7.44 Hong Kong dollars, with a transaction volume of 2.208 billion Hong Kong dollars.
Hong Kong stocks are experiencing fluctuations | Most AI Concept stocks are rising, Kingsoft Cloud (03896) is up over 8%, and Mifold (02556) is up over 7%.
Most AI Concept stocks have risen. As of the time of writing, Kingsoft Cloud (03896) is up 8.02%, priced at 7 Hong Kong dollars; Mai Fushi (02556) is up 7.06%, priced at 41.7 Hong Kong dollars.
Hong Kong stocks are moving notably | Datacenter stocks surged in the morning, with Kingsoft Cloud (03896) rising over 8% and GDS-SW (09698) increasing nearly 4%.
Datacenter stocks surged in the morning session. As of the time of writing, Kingsoft Cloud (03896) rose by 8.33% to 7.03 HKD; SUNEVISION (01686) increased by 4.6% to 6.37 HKD; GDS-SW (09698) climbed by 3.46% to 23.95 HKD.
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