On June 3, GDS Holdings fell 5.42% in regular trading, trading at $35.095/share, with trading volume of $12.65 million.
The decline was driven by a broad selloff across the Internet Services & Infrastructure sector, with CoreWeave down 5.75%, Snowflake down 5.22%, and Cloudflare down 3.18%, creating sector-wide drag on the stock. Meanwhile, lingering concerns over the company's Q1 earnings quality continued to weigh on sentiment. Of the 2.652 billion yuan in reported net profit, over 80% stemmed from a one-time 2.136 billion yuan investment gain related to the DayOne equity transaction. Stripping out this non-recurring item, core business revenue growth decelerated to approximately 7.9%.
Additionally, management's reiteration of a 30-50 billion yuan capital expenditure plan over the next three years, coupled with shrinking operating cash flow, sustained market anxiety over near-term financial pressure. The stock had previously rebounded on buy ratings from Goldman Sachs, Macquarie, and CITIC Securities, but today's move suggests profit-taking on prior recovery gains amid the broader sector weakness.
(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.)
Comments