Understanding the Market | Cloud computing concept stocks rise broadly as Google's major conference Cloud Next will be held this week, with the market focusing on AI + cloud infrastructure
Cloud computing concept stocks rose broadly, with Aito up 15.42%, Zhipu up 6.85%, GDS Holdings up 3.38%, VST Holdings up 2.69%, MINIMAX-W up 2.44%, and Tencent Holdings up 2.25%. Google will hold the Cloud Next conference this week, expected to announce the next-generation TPU architecture, focusing on AI and cloud infrastructure, which may have a significant impact on the AI computing power industry chain. The conference will showcase the transformation of enterprise-level AI and cloud innovations, with 309 events scheduled, covering multiple scenarios
According to Zhitong Finance APP, cloud computing concept stocks are experiencing a broad rise. As of the time of publication, Wuyi Shijie (06651) is up 15.42%, trading at HKD 71.85; Zhipu (02015) is up 6.85%, trading at HKD 952; GDS Holdings Limited-SW (09698) is up 3.38%, trading at HKD 44.1; Weishi Jiajie (00856) is up 2.69%, trading at HKD 9.55; MINIMAX-W (00100) is up 2.44%, trading at HKD 880; Tencent Holdings (00700) is up 2.25%, trading at HKD 522.
On the news front, according to market media reports, Google will hold its major conference Google Cloud Next from April 22 to 24, 2026, where it is expected to announce the next-generation TPU architecture and disclose the application progress of technologies such as memory pooling and optical circuit switches (OCS), which may have a significant impact on the AI computing power industry chain. Currently, in terms of cloud business, Google provides enterprise-level agent building, deployment, and management capabilities through the VertexAI platform, promoting Gemini to accelerate its role as the AI infrastructure for the enterprise software ecosystem.
Kongyuan Securities stated that the conference will focus on enterprise-level AI, cloud innovation, and agent-based AI, showcasing the transition from AI concept validation to large-scale production deployment through keynote speeches and interactive sessions. The first day of the conference will feature 309 activities, many of which are short "lightning talks" centered around agent-based AI (Agentic AI). Specifically, the conference will introduce ADK 2.0, A2A protocols, and the large-scale implementation of enterprise-level AI agents, covering various scenarios such as employee efficiency, customer service, and secure operations. In terms of infrastructure construction, the conference may announce the next-generation TPU architecture and reveal the practical applications of memory pooling and OCS optical circuit switches, as well as the layout rhythm of the new architecture
