Movement Alert|GDS Holdings Rises 3.93% in Regular Trading, Data Center Sector Extends Rally on Sustained AI Infrastructure Demand

Market Focus07-08

On July 8, GDS Holdings rose 3.93% in regular trading, trading at HK$31.16/share, with turnover of HK$40.63 million.

On the news front, the data center sector has continued to strengthen in recent sessions, buoyed by Alibaba's previously announced plan to invest over 380 billion yuan in cloud and AI hardware infrastructure, combined with rising expectations for AI computing power price increases, further boosting market outlook for IDC demand.

GDS Holdings reported record-breaking Q1 performance earlier, with net new signings of approximately 200MW hitting a single-quarter all-time high. The company also announced plans to invest 300 to 500 billion yuan over the next three years to expand domestic AI infrastructure. Q1 net profit surged 247.1% year-over-year to 2.652 billion yuan, with revenue rising 23.6% to 3.367 billion yuan. Within the Internet Services and Infrastructure sector, KINGSOFT CLOUD rose 11.04%, SUNEVISION gained 4.74%, and CLOUD FACTORY added 2.49%.

(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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