We recently compiled a list of the Impressive Earnings, Fresh Deals Propel Prices of These 10 Firms. In this article, we are going to take a look at where Kingsoft Cloud Holdings Ltd. (NASDAQ:KC) stands against the other stocks.

Wall Street’s main indices ended mixed on Thursday, with the Dow Jones the sole decliner, losing 0.28 percent.

In contrast, both the S&P 500 and the Nasdaq Composite registered gains, rising by 0.36 percent and 0.51 percent, respectively.

Amid the earnings season, 10 companies saw significant increases in their valuations, thanks to stronger-than-expected earnings reports. Additionally, several firms enjoyed rallies fueled by newly secured deals.

To come up with Thursday’s biggest advancers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

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

Kingsoft Cloud Holdings Ltd. (NASDAQ:KC)

Kingsoft Cloud Holdings Ltd. (NASDAQ:KC) 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.

Overall KC ranks 8th on our list of Thursday's biggest advancers. 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: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

 

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