Stock Track | Kingsoft Cloud Soars 10.97% Intraday Amid US-Listed Shares Surge and Positive Revenue Forecasts

Stock Track05-14 09:41

Kingsoft Cloud's stock soared 10.97% intraday, following a strong overnight performance by its US-listed shares and a broad rally in Chinese concept stocks.

The surge was driven by multiple factors, including Kingsoft Cloud's US-listed shares surging over 15% in the overnight session as part of a broader advance in Chinese ADRs. The Nasdaq China Golden Dragon Index gained 2.70%, with major Chinese stocks like Alibaba, Baidu, NIO, Pinduoduo, and Bilibili all posting significant gains.

Additionally, analysts have provided fundamental support for the stock by forecasting Kingsoft Cloud's 2026 revenue to grow 30% year-over-year, which represents an acceleration from the 23% growth recorded in 2025.

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