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Kingsoft Cloud Holdings Limited

KC · NASDAQ

Market closed$9.54$-0.520000 (-5.17%)After hours $9.62 · +0.84%

Key statistics

Previous close$10.06
Open$9.42
Day high$9.66
Day low$9.29
52-week high$18.52
52-week low$8.35
Market cap2.82B
Volume1.78M
Average volume1.48M
P/E ratio-32.90
Forward P/E—
EPS-0.29
Dividend yield0.00%

Market context

Why it moved

Kingsoft Cloud Holdings (KC) shares fell sharply after broader tech sector weakness, driven by concerns over shifting IT budgets away from traditional software and services toward AI infrastructure spending, a trend highlighted by IBM's dramatic revenue shortfall warning that pressured the wider technology sector.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Kingsoft Cloud tumbled over 5% amid a broad tech and Chinese ADR sell-off, as investors took profits following a recent rally and reassessed AI spending durability. Goldman Sachs reiterated a Buy rating and raised its price target to $17 just a day prior, but macro headwinds weighed — including IBM's high-profile earnings miss that rattled enterprise software sentiment and sparked fears of a 'SaaSpocalypse' as AI hardware capex crowds out software budgets. Adding to the noise, Kingsoft Cloud disclosed a grant of 16.2 million RSUs to 438 employees under its 2026 Share Incentive Plan, a signal of retention efforts but also potential dilution. In after-hours trading, shares edged back up ~0.84% to $9.62.

-5.169

July 17, 2026Kingsoft Cloud closed essentially flat amid a turbulent tech backdrop, with both Goldman Sachs and Jefferies reiterating Buy ratings and converging on a $17 price target — Goldman raising its target from $15.60, Jefferies trimming from $19. The analyst endorsements come as broader tech faces headwinds from semiconductor sector selling pressure and software stock weakness following IBM's disappointing preliminary Q2 results. Meanwhile, profit-taking in China's AI-related tech names added further complexity, though Kingsoft Cloud's growing AI revenue — now more than half of public cloud revenue — and improving EBITDA margins remain key pillars of the bull case. Shares edged higher in after-hours trading.

0.2991

July 16, 2026Kingsoft Cloud closed sharply higher, bucking a broad software sector selloff triggered by IBM's devastating preliminary Q2 earnings miss, as the company benefited from a separate catalyst: the U.S. granting Kingsoft Cloud and other Chinese firms authorization to purchase advanced AI chips from AMD. This news reinforced the company's aggressive AI buildout narrative — AI now comprises more than half of its public cloud revenue — even as broader software names like ServiceNow, Workday, and Salesforce fell 3–6% on IBM-driven 'SaaSpocalypse' fears. The outperformance highlights how Kingsoft Cloud is increasingly viewed as an AI infrastructure beneficiary rather than a legacy software name.

3.0832

July 15, 2026Kingsoft Cloud Holdings tumbled sharply as a sector-wide software selloff, triggered by IBM's devastating preliminary Q2 earnings warning, hammered technology stocks. IBM's disclosure that enterprise customers were delaying software spending due to AI-driven memory shortages sparked broad "SaaSpocalypse" fears across the software industry, dragging down KC alongside peers. The decline also unwound some of the stock's recent momentum, which had seen shares surge nearly 20% over the prior seven days amid optimism around China's AI infrastructure buildout and a shareholder-approved governance overhaul at the June 30 AGM.

-6.3523

July 14, 2026Kingsoft Cloud Holdings tumbled nearly 5%, underperforming both the broader market and the technology sector as a confluence of headwinds weighed on China-linked tech names. Renewed U.S.-Iran military tensions sent oil prices surging over 4%, rattling global equity markets and dampening risk appetite, while a broad selloff in Asian semiconductor stocks added pressure on tech-adjacent names with China exposure. Despite recent momentum — KC had surged nearly 20% over the prior seven days following shareholder approval of new corporate governance documents at its June 30 AGM and upbeat broker commentary around China's AI infrastructure build-out — today's macro-driven retreat reversed a portion of those gains. Analysts have noted the stock remains deeply below popular narrative fair value estimates near $21, even as its DCF-based valuation presents a more cautious picture.

-4.7663

July 9, 2026Kingsoft Cloud surged over 11% after Morgan Stanley initiated coverage with an Overweight rating and a $15 price target, framing the company as a pure-play AI cloud provider in China. The firm projects a 35% revenue CAGR and 79% adjusted EBITDA CAGR from 2025–2028, with AI expected to exceed 60% of revenue by 2028 — reinforcing bullish sentiment already supported by a unanimous 'Buy' consensus across 15 analysts and a Q1 2026 earnings beat that topped EPS estimates by 84%.

11.4407

July 8, 2026Kingsoft Cloud surged on a double catalyst: Morgan Stanley initiated coverage with an Overweight rating and a $15 price target, calling it a pure-play AI cloud opportunity in China and forecasting a 35% revenue CAGR through 2028 as AI rises to over 60% of revenue. The rally was further fueled by reports that key partner Xiaomi plans to increase its computing power investment budget to over RMB 10 billion, directly benefiting Kingsoft Cloud's infrastructure business. Shares closed up 3.40%, outperforming the broader tech sector amid a chip-driven selloff that pressured the Nasdaq.

3.3954

July 3, 2026Kingsoft Cloud edged lower in regular trading and extended its decline in after-hours, pulling back amid a broadly cautious tech tape as chip stocks slumped on Meta's AI cloud entry and mixed macro signals ahead of the June U.S. jobs report. Company-specific momentum remains constructive, however: Q1 2026 results showed AI now accounts for more than half of public cloud revenue, and shareholders last week approved all 14 resolutions at the June 30 AGM — including a new 2026 share plan and director re-elections — providing governance clarity as the company executes its AI infrastructure build-out.

-0.8715

The Globe and Mail · July 19, 2026Kingsoft Cloud Holdings Ltd (3896) Gets a Buy from CitiStock Titan · July 17, 2026Kingsoft Cloud (Nasdaq: KC) awards 16.2M RSUs under 2026 incentive planSimply Wall Street · July 11, 2026Is Kingsoft Cloud Holdings (KC) Undervalued On Rising China AI Infrastructure Demand?TradingView · July 7, 2026Kingsoft Cloud Holdings Limited Stock 12‑Month Price Target Cut to $20.12, Implies 120% UpsideInvesting.com · July 7, 2026Morgan Stanley initiates Kingsoft Cloud stock with overweight rating
Mt Newswire · July 7, 2026Morgan Stanley Initiates Kingsoft Cloud at Overweight
Benzinga · July 7, 2026Morgan Stanley Initiates Coverage On Kingsoft Cloud Holdings with Overweight Rating, Announces Price Target of $15
Benzinga · May 27, 2026Kingsoft Cloud's AI Business Is On Fire, But Ballooning Costs Squeeze Margins
Benzinga · May 27, 2026Kingsoft Cloud Hldgs Q1 2026 Earnings Call Transcript
Benzinga · May 27, 2026Kingsoft Cloud Holdings Q1 Adj. EPS $(0.11) Beats $(0.12) Estimate, Sales $391.959M Beat $324.780M Estimate
Mt Newswire · May 27, 2026Kingsoft Cloud Q1 Loss Flat, Revenue Increases
Mt Newswire · May 27, 2026Earnings Flash (KC) Kingsoft Cloud Posts Q1 Total Revenue 2.70B Renminbi, vs. FactSet Est of 2.57B Renminbi
Mt Newswire · May 27, 2026Earnings Flash (KC) Kingsoft Cloud Posts Q1 Net Loss 0.08 Renminbi a Share

Peers

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