Impressive Earnings, Fresh Deals Propel Prices of These 10 Firms

8. Kingsoft Cloud Holdings Ltd. (NASDAQ:KC)

Kingsoft shares grew for a fourth day on Thursday, jumping 11.47 percent to finish at $17.4 apiece as investors snapped up shares in the company fueled by optimism over its potential benefit from Xioami’s recent poaching of one of DeepSeek’s top developers.

Earlier this week, Xiaomi, a company also chaired by Kingsoft’s chairman Lei Jun, poached DeepSeek developer Luo Fuli to join Xiaomi’s Artificial Intelligence development team.

The news boosted investor sentiment on hopes that any AI development in Xiaomi will create a ripple effect on Kingsoft’s business in cloud computing.

Luo Fuli is poised to take on a leadership role in Xiaomi’s large model team. Xiaomi plans to leverage her expertise in developing DeepSeek-V2 to improve the efficiency and user experience of its AI models, further advancing the company’s capabilities in artificial intelligence.