GDS Stock Gains, but There’s a Catch to the AI Data Center Surge
GDS Holdings’ U.S. ADRs closed at $35.45 Friday, up 0.6%, but remain 12% below pre-earnings levels. Hong Kong shares jumped 4.6% to HK$33.28 but ended the week slightly down. Q1 net revenue rose 23.6% to RMB3.37 billion, with most profit from a DayOne Data Centers gain. Investors are watching record AI-related bookings but remain cautious about revenue timing.