We recently published a list of Gold, Biopharma Firms Dominate Friday’s 10 Top Performing Stocks. In this article, we are going to take a look at where Kingsoft Cloud Holdings Limited (NASDAQ:KC) stands against other Friday’s top performing stocks.
The stock market finished the trading week on a positive note, wiping out earlier losses on Friday, as investors weighed the escalating trade tensions between the US and China.
Having been battered this week, Wall Street’s major indices all finished in the green, led by the Nasdaq, up 2.06 percent, followed by the S&P 500 with 1.81 percent, and the Dow Jones with 1.56 percent.
Ten companies, predominantly under the mining and biopharmaceutical sectors, mimicked gains on the back of fresh industry catalysts that boosted buying appetite. In this article, let us explore Friday’s top performers and the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million trading volume.
An executive standing in front of their headquarters building, proudly symbolizing the company’s achievements.
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.
Overall, KC ranks 5th on our list of Friday’s top performing stocks. 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 time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is as promising as KC but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
