GDS Surges Over 7% in Pre-Market as Data Center Growth Prospects Brighten

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Oct 18, 2024
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GDS Holdings (GDS, Financial) saw its stock price increase by more than 7% in pre-market trading, reaching $22.69. According to a recent report by Minsheng Securities, the company's domestic operations remain stable, and the global data center industry is expected to experience a turning point. This growth is driven by trends in artificial intelligence, cloud computing, and 5G technology, with data centers poised for sustained high growth.

In related news, the China Cyberspace Security Association has recommended a cybersecurity review of Intel's products sold in China. This move aims to protect national security and the legal rights of Chinese consumers, potentially boosting the big data sector.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.