On July 7, GDS Holdings rose 5.01% in regular trading, trading at HK$30.84/share, with turnover of HK$34.87 million. The stock extended gains as the broader data center sector continued its strong upward momentum.
On the news front, the data center sector has sustained its rally in recent sessions, buoyed by Alibaba's previously announced plan to invest over RMB 380 billion in cloud and AI hardware infrastructure — an amount exceeding its total spending over the past decade. Related supply chain surveying efforts in Hangzhou's Yuhang District are currently underway to identify local suppliers willing to participate in Alibaba's cloud and AI ecosystem buildout, further boosting market expectations for data center demand. UBS analyst Wang Xinyi noted that Chinese IDC operators' project returns and earnings growth are expected to outpace global peers, while their valuations trade at a significant discount — 17x forward EV/EBITDA versus 24x globally — implying substantial upside potential.
Within the Internet Services and Infrastructure sector, Kingsoft Cloud rose 5.86%, Sunevision rose 2.05%, and Crypto Flow rose 0.68%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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