GDS Holdings Limited (GDS, Financial) saw a significant increase in its stock price, with shares rising over 7% in the Hong Kong market, reaching a new high. This surge also influenced its U.S. pre-market trading, where it climbed 1.5%.
The rise in GDS's stock comes after the recent release of the "National Data Infrastructure Construction Guidelines" by China's National Development and Reform Commission and two other departments. These guidelines aim to establish a robust framework for the construction and operation of national data infrastructure by 2029.
Guosen Securities highlighted GDS's leading position among computing power center service providers in China. The company is well-positioned to capitalize on the growth of the digital economy and the increasing demand for technologies like artificial intelligence.
