According to the Securities Times app, following yesterday's 11% surge, Kingsoft Cloud (03896) once again rose sharply in the morning session, now up over 27%, as of the time of publication, up by 27.49%, trading at HKD 2.18, with a turnover of 0.341 billion HKD.

On the news front, Huaxi Securities pointed out that in the long term, emerging technologies such as AI have brought new development opportunities to cloud computing. The landing of large AI models will drive a new round of development in the cloud computing industry. According to the White Paper of China Academy of Information and Communications Technology, the market penetration rate of China's cloud computing SaaS market is increasing year by year, and the total market size will reach 58.1 billion yuan in 2023, with a growth rate of 23.1%. In the future, with the comprehensive landing of large AI models and the comprehensive development of commercial cloud computing, the market size is expected to further expand. Combining artificial intelligence with cloud computing SaaS services to form AISaaS will further empower cloud computing SaaS.

Financial data shows that the company's public cloud revenue in the second quarter was 1.23 billion yuan, an increase of 6.5% year-on-year and 4.0% quarter-on-quarter; the adjusted EBITDA profit margin reached 3.2%, continuously improving after turning losses into profits. Among them, revenue from artificial intelligence saw a significant increase to 0.326 billion yuan, accounting for 26% of public cloud revenue. This quarter, strong demand from various industries such as independent AI companies, basic model companies, internet companies, games, offices, autos, etc., continuously pushed up the proportion of revenue from artificial intelligence.