Kingsoft Cloud: Public Cloud and AI as Growth Engines Drive a 570% EBITDA Surge

The Chinese cloud service provider has become a tenbagger this year. Between early November 2024 and the end of February 2025, Kingsoft's share price has increased tenfold. The main trigger for this increase was particularly strong figures for Q3 2024, showing a revenue increase of 16%. The strong growth of the AI business and the significant rise in the share of AI revenues in the public cloud sector attracted particular attention. Investors also viewed positively that Kingsoft is now focusing more on the high-margin growth markets of AI, Public...