Aurora Mobile Pops on Earnings as AI SaaS Draws Attention
Aurora Mobile Limited shares gained in the U.S. Tuesday after the Chinese software firm posted stronger first-quarter revenue and swung to a profit. Investors took the results as a new sign on the company’s software-as-a-service strategy. The stock last traded at $6.14, climbing 29 cents. Shares moved in a narrow band from $5.99 to $6.25 on thin volume, market data show. The gain topped the Nasdaq Composite, which was up 0.9% in the afternoon.