--- title: "\"Stock Movement\" Kingsoft Cloud surges nearly 15%, Morgan Stanley previously urged funds to abandon semiconductors and switch to Jack Ma's service sector" type: "News" locale: "en" url: "https://longbridge.com/en/news/292032313.md" description: "Kingsoft Cloud's stock price soared nearly 15%, with the cloud services sector rising across the board. Morgan Stanley released a research report indicating that the semiconductor sector is facing rotation, with funds flowing from the Philadelphia Semiconductor Index to underperforming large cloud service providers. It is recommended to reduce holdings in semiconductors and increase holdings in cloud companies such as Amazon and Microsoft. Affected by the cooling expectations of the Federal Reserve's interest rate hikes and the decline in oil prices, funds are withdrawing from semiconductors. On that day, the Hang Seng Index, the Hang Seng China Enterprises Index, and the Hang Seng TECH Index all saw significant increases" datetime: "2026-07-08T07:54:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292032313.md) - [en](https://longbridge.com/en/news/292032313.md) - [zh-HK](https://longbridge.com/zh-HK/news/292032313.md) --- # "Stock Movement" Kingsoft Cloud surges nearly 15%, Morgan Stanley previously urged funds to abandon semiconductors and switch to Jack Ma's service sector 《Economic News Agency report on the 8th》The cloud service sector has risen across the board, with Kingsoft Cloud (03896) up 14.9%, trading at HKD 5.62, Alibaba (09988) up 12.5%, trading at HKD 107.8, Kingsoft (03888) up 6.2%, trading at HKD 24.26, and Kingdee International (00268) up 14.8%, trading at HKD 7.28. Morgan Stanley released a latest research report indicating that the hot semiconductor sector this year is facing sector rotation, with funds beginning to flow into underperforming large cloud service providers and other sectors. It is recommended that investors reduce their holdings in semiconductors and switch to large cloud service providers. Morgan Stanley pointed out that large-scale cloud companies such as Amazon, Microsoft, and Meta have better investment attractiveness due to their core AI businesses and relatively lagging growth. In contrast, the Philadelphia Semiconductor Index has adjusted about 14% from last month's peak, but is still up 123% from last year, while the UBS large-scale cloud company index has fallen by 2% during the same period. Moreover, the cooling expectations for Federal Reserve interest rate hikes and falling oil prices will jointly prompt funds to withdraw from semiconductors. Currently, the Hang Seng Index is at 24,195, up 698 points or 3%, with a main board turnover of nearly HKD 353 billion. The National Enterprises Index is at 8,080, up 310 points or 4%. The Hang Seng TECH Index is at 4,728, up 221 points or 4.9%. The current month futures index is reported at 24,182, up 708 points, with a discount of 13 points. The current month national index futures are reported at 8,073, up 314 points, with a discount of 8 points. The current month technology index futures are reported at 4,733, up 221 points, with a premium of 4 points. Stock (Code) Current Price (HKD) Change (%) Kingsoft Cloud (03896) 5.62 Up 14.93% Alibaba (09988) 107.8 Up 12.53% Kingsoft (03888) 24.26 Up 6.22% Baidu (09888) 117.7 Up 6.42% Tencent (00700) 478.4 Up 3.73% Kingdee International (00268) 7.28 Up 14.83% GDS Holdings (09698) 31.68 Up 5.53% Performance of related stocks in the same sector (nw) ### Related Stocks - [KC.US](https://longbridge.com/en/quote/KC.US.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [STECH.HK](https://longbridge.com/en/quote/STECH.HK.md) - [HSCEI.HK](https://longbridge.com/en/quote/HSCEI.HK.md) - [03896.HK](https://longbridge.com/en/quote/03896.HK.md) - [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [MSFD.US](https://longbridge.com/en/quote/MSFD.US.md) - [MSFX.US](https://longbridge.com/en/quote/MSFX.US.md) - [AMZZ.US](https://longbridge.com/en/quote/AMZZ.US.md) - [03032.HK](https://longbridge.com/en/quote/03032.HK.md) - [03067.HK](https://longbridge.com/en/quote/03067.HK.md) - [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md) - [MSFL.US](https://longbridge.com/en/quote/MSFL.US.md) - [AMZD.US](https://longbridge.com/en/quote/AMZD.US.md) - [AMZW.US](https://longbridge.com/en/quote/AMZW.US.md) - [02800.HK](https://longbridge.com/en/quote/02800.HK.md) - [03115.HK](https://longbridge.com/en/quote/03115.HK.md) - [07200.HK](https://longbridge.com/en/quote/07200.HK.md) - [07300.HK](https://longbridge.com/en/quote/07300.HK.md) - [07500.HK](https://longbridge.com/en/quote/07500.HK.md) - [MSFU.US](https://longbridge.com/en/quote/MSFU.US.md) - [03033.HK](https://longbridge.com/en/quote/03033.HK.md) - [MSFO.US](https://longbridge.com/en/quote/MSFO.US.md) - [07226.HK](https://longbridge.com/en/quote/07226.HK.md) - [07552.HK](https://longbridge.com/en/quote/07552.HK.md) - [07266.HK](https://longbridge.com/en/quote/07266.HK.md) - [02828.HK](https://longbridge.com/en/quote/02828.HK.md) - [MSFW.US](https://longbridge.com/en/quote/MSFW.US.md) - [MSFY.US](https://longbridge.com/en/quote/MSFY.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [AMZO.US](https://longbridge.com/en/quote/AMZO.US.md) - [AMZY.US](https://longbridge.com/en/quote/AMZY.US.md) - [AZYY.US](https://longbridge.com/en/quote/AZYY.US.md) - [AMZP.US](https://longbridge.com/en/quote/AMZP.US.md) ## Related News & Research - [Microsoft cuts 4,800 jobs across sales and Xbox. 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