We recently compiled a list of the 10 Firms End Trading Week Defying Market Bloodbath. In this article, we are going to take a look at where Kingsoft Cloud Holdings Ltd. (NASDAQ:KC) stands against the other stocks.

A wave of selling gripped Wall Street this Friday, pushing major indices lower as investors shifted capital towards more attractive investment opportunities.

Ten companies bucked an overall bearish market sentiment, booking significant gains during the last trading day of the week. Let's explore how they managed to buck the trend and what factors contributed to their remarkable performance amidst widespread market uncertainty.

An executive standing in front of their headquarters building, proudly symbolizing the company's achievements.

Kingsoft Cloud Holdings Ltd. (NASDAQ: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.

Overall KC ranks 1st on our list of the firms that ended the trading week defying market bloodbath. 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.

 

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock

 

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