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US Stock Movement | Kingsoft Cloud surges over 17%, AI computing power demand explodes, multiple cloud providers collectively announce price increases

US Stock Movement | Kingsoft Cloud surges over 17%, AI computing power demand explodes, multiple cloud providers collectively announce price increases

格隆汇格隆汇2026/03/18 15:51
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格隆汇 March 18|Kingsoft Cloud (KC.US) surged over 17% at the start of trading, reaching a high of $15.4. On the news front, today, Alibaba Cloud and Baidu Intelligent Cloud both officially announced price increases, with the highest rise reaching 34%. As early as March 11, Tencent Cloud's intelligent development platform announced an adjustment to its billing strategy, with the public test model switching from free to pay-per-use on the 13th, and the Hunyuan series models generally increasing prices by over 400%. Previously, Everbright Securities pointed out that strong global demand for AI computing power is reshaping the logic of the cloud services industry. As an exchange broke convention and took the lead in raising prices, the industry's vicious price competition is expected to end, and both the profit center and valuation system will see a dual recovery. As the 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 cyclical reversal and its own accelerated growth.
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