Kingsoft Cloud Q3 revenue jumped 24% Y/Y to $327.9 million on strong AI demand, but margins shrank on higher server and AI costs. AI gross billing soared 120% Y/Y, now 45% of public cloud sales; loss per ADS narrowed to $0.15, topping estimates.

China's Kingsoft Cloud Holdings ( NASDAQ: KC ) was under something of a cloud with investors on Wednesday. They traded out of the niche tech company's U.S.-listed American Depositary Receipts ( ADRs ) after the release of its first-quarter results, leaving the securities with an almost 8% decline ...