Gold, Biopharma Firms Dominate Friday’s 10 Top Performing Stocks

5. Kingsoft Cloud Holdings Limited (NASDAQ:KC)

Kingsoft Cloud shares jumped by 12.41 percent on Friday to end at $14.22 apiece as Chinese stocks regained momentum after the Chinese government clapped back at the US, levying as much as 125 percent taxes on US goods.

The news became a boost to Chinese firms, including KC, as the response signaled that Beijing was willing to defend its economic interest and that local firms might get more support or backing from the government.

KC, a leading cloud service provider in China, reported a strong earnings performance last year.

In the fourth quarter of 2024 alone, net loss attributable to the company narrowed by 31 percent to RMB196.96 million from RMB284.15 million in the same period a year earlier, while net loss in full-year 2024 dropped by 9.65 percent to RMB1.966 billion from RMB2.176 billion in 2023.