10 Firms End Trading Week Defying Market Bloodbath

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1. Kingsoft Cloud Holdings Ltd. (KC)

Kingsoft Cloud (KC) registered the biggest gains on Friday, jumping by 23.19 percent to end the day at $12.56 each.

In the past month, the company also booked an impressive 79.24-percent increase, and a 251-percent in the past year.

Analysts pointed to the strong demand for AI and cloud-based solutions as having buoyed investor sentiment.

A leading player in China’s cloud computing market, Kingsoft (KC) gains from its integration with Xiaomi’s Internet of Things, cellphones, and electric cars as well as AI-powered improvements to WPS Office.

From 2025 to 2027, the strategic alliances were expected to bolster the company’s compound annual revenue growth rate (CAGR) by 13 percent.

Financial services company UBS also released a report highlighting the company’s robust third-quarter performance, surpassing market expectations. The development was said to have boosted investor confidence in the company’s revenue and profit recovery.

Amid the news, UBS upped its Kingsoft Cloud rating from “neutral” to “buy” and raised its target price from $4.2 to $12.5.

While we acknowledge the potential of KC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than KC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.

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