May. 13 at 8:36 PM
Kingsoft Cloud shares surged to
$18.13 during afternoon trading, hitting a new 52-week high of
$18.52 as investors continued piling into the Chinese cloud provider amid strong AI infrastructure growth and optimism ahead of its upcoming earnings report on May 27, 2026.
The company’s latest quarter showed Q4 revenue rising 24% YoY to RMB 2.76B, while AI-related revenue nearly doubled to RMB 926M, accounting for roughly 49% of public cloud revenue. Management also projected accelerating growth and improving EBITDA margins in 2026, with CEO Zhou Tao highlighting 44% YoY growth from the company’s top five non-ecosystem customers, signaling reduced reliance on Xiaomi.
Momentum was further supported after Kingsoft Cloud expanded cooperation agreements and transaction limits with Xiaomi in late April, improving long-term revenue visibility.
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