GDS-SW (09698) surged 6.26% during intraday trading on Tuesday, driven by positive developments in the data center sector. The stock's rise aligns with broader gains in data center stocks, as the U.S. government's decision to allow NVIDIA to sell its H200 AI chips to China (albeit with fees) has buoyed investor sentiment.
Additionally, Goldman Sachs upgraded its outlook on the cloud and data center sector, citing sustained AI-driven demand and positive trends in hyperscalers' strategies. The firm specifically highlighted GDS-SW as a preferred stock in the sector, further fueling the rally.
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