GDS rose more than 7% in pre-market trading, with securities firms pointing to its stable domestic base and the overseas industry reaching a turning point

Zhitong
2024.10.18 08:47

GDS's pre-market trading in the US rose more than 7% to $22.69. A recent report from Minsheng Securities indicated that the company's domestic fundamentals are solid, with the overseas industry reaching a turning point. Under the trends of artificial intelligence, cloud computing, 5G, and other industries, data centers are expected to continue to experience high growth. In addition, the China Cybersecurity Association issued a statement yesterday recommending a cybersecurity review of Intel's products sold in China to effectively safeguard China's national security and the legitimate rights and interests of Chinese consumers. The initiation of a cybersecurity review is expected to drive the big data sector to surge

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.