China A-share Computing Power Leasing Stocks Extend Gains; QingCloud Hits 20% Limit Up

The breadth of the move — gains spilling from limit-up leaders like QingCloud and Runjian into double-digit advances across smaller names such as Pingao, UCloud and Runze — suggests a theme-wide rotation rather than a single-stock story, which is what gives it weight. Computing power leasing is a capital-intensive niche where sentiment can outrun fundamentals, so the composition of buyers and whether volume holds into the next session are the open questions. Whether the rally broadens further or narrows back to a handful of names will say more about conviction than the headline limit-ups.