New York, May 21, 2026, 04:17 EDT
- KC finished Wednesday at $13.96, off 4.32%. The stock was last seen at $13.45 in early Nasdaq premarket, according to .
- The ADR is down for the fifth session in a row after jumping on May 13.
- Kingsoft Cloud’s board meets May 27 for a look at first-quarter numbers, with management set to host an earnings call.
Kingsoft Cloud Holdings’ U.S.-traded ADRs headed lower in early indications ahead of the New York open Thursday, after slipping 4.3% in the previous session. Investors are weighing whether the China cloud company’s AI narrative will carry over into next week’s earnings report.
Shares finished at $13.96 on Wednesday and changed hands at $13.45 early Thursday, based on StockAnalysis. Market cap was around $4.19 billion.
The trading schedule is key here. Nasdaq’s standard session is 9:30 a.m. to 4:00 p.m. Eastern, with pre-market starting at 4:00 a.m. Nasdaq’s posted 2026 holiday calendar puts the next U.S. market holiday on Memorial Day, May 25. That’s not this Thursday.
The stock has fallen every session since May 14, giving back its 17.1% gain from May 13. On Wednesday it trailed bigger moves in the main U.S. indexes, with Investing.com data showing the Nasdaq up 1.54% and the S&P 500 up 1.08%.
Kingsoft Cloud said its board is set to meet May 27 to review the unaudited first-quarter results for the period ended March 31. The company plans a conference call at 8:15 p.m. Beijing/Hong Kong, or 8:15 a.m. U.S. Eastern, that day.
Kingsoft Cloud’s last quarter numbers offered bulls a data point. Revenue for the fourth quarter was up 23.7% on the year to 2.76 billion yuan. Public cloud revenue jumped 34.9%. Gross billing tied to AI was higher by 95%.
Chief Executive Tao Zou said the company is still seeing “strong intelligent computing demands in 2026.” Finance chief Yi Li said adjusted EBITDA, which leaves out interest, taxes, depreciation, amortization and other company exclusions, climbed 118.3% from a year ago. Stock Titan
Jefferies analyst Thomas Chong lifted his target on Kingsoft Cloud to $19 from $17 back in March, sticking with his Buy call. He said fourth-quarter revenue and adjusted EBITDA topped forecasts and pointed to Kingsoft Cloud’s ability to win key accounts as a neutral choice among AI model players. Analysts haven’t dropped the story.
Risks are clear. Kingsoft Cloud reported a fourth-quarter net loss of 162.9 million yuan. Depreciation and amortization climbed as the company put more servers and network gear toward AI work. Nasdaq says trading outside regular hours usually sees thin volumes and more price swings, so the first pre-market move might not last into the main session.
Alibaba, China’s biggest cloud company, launched a new AI chip on Wednesday and committed over 380 billion yuan ($53 billion) to cloud and AI infrastructure over three years. That makes things tougher for smaller firms looking to offer compute to businesses riding the enterprise AI surge.
KC heads into next week with the focus on management and whether AI demand is finally driving real, lasting revenue and narrowing losses after all the hardware investment. The stock has already reacted. Now it’s about the numbers.
