US stocks fluctuate | Kingsoft Cloud (KC.US surges 12% as token demand rapidly increases, cloud providers collectively announce price hikes

iFintech News APP reports that on Wednesday, Kingsoft Cloud (KC.US) surged 12%, closing at $14.70. According to official announcements from Alibaba Cloud, due to the explosive global demand for AI and rising supply chain costs, Alibaba Cloud’s AI computing power, storage, and other products increased prices by up to 34%. Specifically, computing cards like the PingTouGe ZhenWu 810E rose by 5%-34%, and the file storage product CPFS (Intelligent Computing Edition) increased by 30%. Sources reveal that another major reason for the price hikes is the “sharp increase in Token call volume.” Alibaba Cloud’s MaaS business, BaLian, achieved its highest growth rate from January to March this year, as Alibaba Cloud is shifting scarce AI computing resources toward Token services.

Baidu Cloud also announced price adjustments for AI computing power, storage, and related products on the same day, citing the rapid development of global AI applications, increasing demand for computing power, and significant rises in core hardware and infrastructure costs. To ensure long-term platform stability and service quality, some product prices are being structurally optimized. AI computing services are increasing by approximately 5%-30%, and parallel file storage products by about 30%. These price changes will take effect from April 18, 2026, 00:00 (Beijing time).

On March 11, Tencent Cloud’s Intelligent Body Development Platform announced a change in billing strategy. The public beta models shifted from free to pay-as-you-go on March 13, with the Mysterious Origin series models generally increasing in price by over 400%.

Analysts believe that as a core cloud platform within the Xiaomi ecosystem, Kingsoft Cloud’s AI business is expected to maintain rapid growth, benefiting directly from the industry’s recovery and its own accelerated development.