New York, Jan 27, 2026, 14:55 EST — Regular session
- After climbing for two days straight, Kingsoft Cloud shares jumped roughly 9% in afternoon trading
- Chinese-language reports highlight a shift in the “Xingliu” platform toward end-to-end AI training and inference
- Investors are eyeing whether AI demand holds up and await the company’s upcoming earnings report
Kingsoft Cloud Holdings’ U.S.-listed shares jumped 9.2% to $14.57 on Tuesday, reaching as high as $15.10 during the session. The stock had ended Monday at $13.34.
Timing is crucial. Cloud and AI infrastructure stocks have grown jittery, with investors gearing up for a fresh wave of Big Tech earnings. Microsoft and Meta report Wednesday, followed by more results next week. 1
Local media in Hong Kong on Monday reported comments from senior vice president Liu Tao at a Jan. 21 “Tech Talk” event. Liu said the company’s Xingliu intelligent computing platform has been upgraded into a one-stop system that handles both AI “training” and “inference” — the latter being the phase where a trained model generates results. The same report included a brokerage note highlighting heavy spending expected this year, a familiar strain for cloud companies racing to meet AI demand. 2
U.S.-focused reports echoed this view, highlighting Xingliu’s evolution from a simple resource management tool into a comprehensive workflow platform. The upgrade includes enhanced support for robotics applications and the rollout of commercial model API services (allowing customers to integrate software via an API). 3
The Hong Kong-listed stock (3896.HK) jumped almost 7% on Tuesday, driven by an upgrade from Xingliu and rising AI-related investor interest, according to a report from Investing.com. 4
Guotai Haitong Securities reaffirmed an “accumulate” rating on the stock in a research note published by Zhitong Finance, setting a target price of HK$10.03 based on a 2026 price-to-sales multiple. The broker highlighted that the firm’s AI cloud initiative is driving growth, pointing out the platform now supports nearly 40 models, including Xiaomi’s MiMo and DeepSeek. 5
Tuesday’s U.S. action unfolded on volume that outpaced many recent sessions, according to average trading data from FinanceCharts. 6
Kingsoft Cloud provides cloud computing and related services across China, covering infrastructure, platform, and software solutions. The company also promotes AI capabilities integrated into its offerings. 7
Still, the bet carries risks. Turning a platform upgrade into steady revenue hinges on customer appetite and pricing leverage. Plus, the company is up against deep-pocketed competitors in China’s packed cloud sector. Rampant spending on AI infrastructure could also drain cash flow if orders lag behind expectations.
Kingsoft Cloud’s upcoming earnings report is the next major event to watch. According to TipRanks, it’s scheduled for March 25, ahead of market open, but keep in mind the date could move. 8
