US Stock Market Move | The data center is expected to accelerate the construction integration. GDS Holdings Ltd. Sponsored ADR Class A (GDS.US) rose more than 3%.
27/12/2024
GMT Eight
On Friday, GDS Holdings Ltd. Sponsored ADR Class A (GDS.US) rose more than 3% to $21.31. According to media reports, ByteDance is leading a wave of data center infrastructure construction, with capital expenditure expected to double to 160 billion RMB by 2025. Huaxi pointed out that with the increasing demand for AI computing power and the focus of telecom operators and Internet companies on smart computing centers, as well as national policies promoting the strengthening of computing power clusters, large and super large computing nodes such as those of Hub Group, Inc. Class A data centers are expected to accelerate construction integration, with related beneficiary companies including GDS Holdings Ltd. Sponsored ADR Class A.