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.
[Brokerage Focus] China Securities Co.,Ltd.: The AI computing power Industry maintains a high prosperity state. Pay attention to symbols with high growth and low valuations.
Gold News | China Securities Co., Ltd. issued a Research Report stating that recently, CHINA MOBILE's "over 10,000-card domestically produced intelligent computing center project" and "CNI Yangtze Index intelligent computing center project," and China United Network Communications' "Wujiang Computing Power Center project" have received approvals, with a total investment of over 14.1 billion yuan. On April 24, Google released its 2025 Q1 Earnings Reports, with a capital expenditure of 17.2 billion dollars for Q1 2025, a year-on-year increase of 43%, and maintained its annual guidance of 75 billion dollars in capital expenditure. The company noted a significant growth in the number of users of Google AI tools. In addition, recently listed companies have been intensively disclosing their 2024 earnings reports and 2025 Q1 earnings reports, from which it has already...
Hong Kong stock morning report | Alibaba releases and open sources the new version of the large model Qwen3, Chongqing Sokon Industry Group Stock submits application for listing on the Hong Kong stock exchange.
① The Ministry of Foreign Affairs reiterated that there have been no consultations or negotiations between China and the United States regarding the tariff issue. ② Goldman Sachs raised its forecast for this year's southbound capital inflow into Hong Kong stocks by nearly 50%. ③ Alibaba announced and opened source its next-generation general-purpose Qwen3 model. ④ Institutions say that the ROI of Hong Kong stocks as a 'value vacuum' is very attractive.
U.S. stocks closed mixed: the three major Indexes showed different trends as investors focused on Technology stock Earnings Reports.
① Most China Concept Stocks rose, with the Nasdaq China Golden Dragon Index up 0.68%; ② IBM announced a 150 billion dollar investment plan; ③ Sony Group is reportedly considering splitting its Semiconductors business; ④ NXP Semiconductors Q1 revenue was 2.84 billion dollars, higher than market expectations.
On April 28, Kingsoft Cloud (03896) issued 41.625 million ordinary shares in accordance with the underwriting agreement.
Kingsoft Cloud (03896) announced that on April 28, 2025, according to the underwriting agreement, after the full exercise of the Options...
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Kingsoft Cloud (03896): The underwriters have fully exercised their stock purchase rights.
Kingsoft Cloud (03896) announced that the offering price of the American Depositary Shares (each American Depositary Share represents 15 shares as related...
Kingsoft Cloud surged 13% during Regular Trading Hours, with JPMorgan increasing its shareholding ratio to 5.48%.
Kingsoft Cloud and the Hongmei market both experienced substantial growth.
Hong Kong stock morning report | John Lee Ka-chiu engaged in in-depth exchanges with representatives of the "Hangzhou Six Little Dragons" companies. Trump is considering exempting Auto Manufacturers from some tariffs.
① John Lee Ka-chiu had in-depth discussions with representatives from the 'Six Little Dragons of Hangzhou.' ② The Inner Mongolia Ministry of Industry and Information Technology reported that the computing power scale of Inner Mongolia has reached around 0.12 million P, ranking first in the country. ③ USA President Trump is considering exempting Auto Manufacturers from certain tariffs. ④ NIO's Li Bin predicts that China's share of the Global auto industry will exceed 40%.
Shares of US-listed Chinese Companies Are Trading Higher After President Trump Indicated the Final Tariff Rate With China Would Be "Substantially" Below Than the Current 145% but Not 0%.
Express News | Shares of Companies Within the Broader Technology Sector Are Trading Higher Amid Overall Market Strength After President Trump Said He Had No Intention of Firing Fed Chair Powell. Additionally, Trump Indicated the Final Tariff Rate Would Be Less Than...
US stocks show volatility | Expectations of easing trade tensions drive the Nasdaq China Golden Dragon Index up 5%.
On Wednesday, the Nasdaq China Golden Dragon Index surged by 5%, with China Concept Stocks performing strongly.
Hong Kong stocks are moving | Kingsoft Cloud (03896) rose more than 8% in late trading, recently completed a rights issue for fundraising, and the company directly benefits from Xiaomi and KINGSOFT increasing their investments in AI.
Kingsoft Cloud (03896) rose more than 8% in late trading, with an increase of 8.28% as of the time of writing, priced at 6.54 HKD, with a transaction value of 0.993 billion HKD.
China Tariffs 'Won't Be Anywhere Near' 145%: Trump
Express News | U.S.-Listed Chinese Stocks Surge In Overnight Trading, $Alibaba(BABA.US)$ and $Bilibili(BILI.US)$ Rise 2%, $JD.com(JD.US)$ and $Baidu(BIDU.US)$ Shares Up 1%; $PDD Holdings(PDD.US)$ Soars 3%