Hong Kong stock movement: KINGSOFT CLOUD rose 11.49%, driven by a surge in AI computing power demand, boosting stock prices and market sentiment!

Hong Kong Stock Market Movements KINGSOFT CLOUD rose 11.49%. Based on recent key news: On March 9, the Hong Kong Stock Connect internet sector fluctuated, with KINGSOFT CLOUD leading the sector. The rapid adoption of OpenClaw intelligent applications increased demand for cloud resources, driving KINGSOFT CLOUD's stock price up by 5.28%. Source: Zhitong Finance On March 9, OpenClaw became the fastest-growing open-source project on GitHub, driving an increase in computing power demand. China Merchants Securities pointed out that cloud providers raising prices reflects strong demand, benefiting KINGSOFT CLOUD as a core platform in the Xiaomi ecosystem. Source: Zhitong Finance On March 9, global AI computing power demand remained strong, with AWS being the first to raise prices, easing industry competition. Everbright Securities believes that KINGSOFT CLOUD's AI business is expected to maintain rapid growth, leading to an increase in stock price. Source: Zhitong Finance. The Hong Kong internet sector fluctuated, with strong demand for cloud services. Stocks with High Trading Volume in the Industry GDS Holdings Limited rose 5.66%. GDS Holdings Limited's recent stock price increase is mainly due to market optimism regarding its future growth potential. Although there are no specific news reports, investors are confident in its leading position in the data center industry and expansion plans, driving the stock price up. Demand in the data center industry is growing, with significant capital inflow. no_news New Oriental Education & Technology Group fell 1.43%. Based on recent news: On March 9, CMB International released a report maintaining a target price of HKD 8.58 for New Oriental Education & Technology Group and upgraded its rating to "Buy." The report pointed out that New Oriental Education & Technology Group has a solid market position, a clear growth path, and healthy financial performance. The company's revenue for the first half of the 2026 fiscal year is expected to grow by 2.6% year-on-year, with EBITDA increasing by 4.1%, in line with expectations. Demand from international and Chinese hyperscale customers has risen, with significant increases in AI inference and high-density deployment inquiries. This news provided support for the stock price but did not fully offset the overall market downward pressure. On March 9, China Merchants Securities released a report mentioning that the fundamentals of the Hong Kong stock market during the March earnings season are under pressure, suggesting allocation to high-dividend stocks and non-ferrous metals. This macro backdrop may have a certain negative impact on New Oriental Education & Technology Group's stock price. Recently, market expectations for interest rate declines have increased. Although New Oriental Education & Technology Group benefited from a significant year-on-year reduction of 25.4% in financing costs, overall market sentiment remains cautious, leading to stock price fluctuations. The fundamentals of the Hong Kong stock market during the March earnings season are under pressure, with cautious market sentiment. Jianmi Technology fell 3.23%, with a trading volume of HKD 858,800, and no significant news recently. Trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation. Stocks with High Market Capitalization in the Industry Cloud Factory fell 6.16%, with a market capitalization of HKD 1.534 billion, and no significant news recently. Trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation