GDS Stock Gains, but There’s a Catch to the AI Data Center Surge
GDS Holdings’ U.S. ADRs edged up into the weekend. Shares got some help from a firm Nasdaq session and the Hong Kong line showing a bounce. The gain was minor, not enough to make up earlier losses. GDS Holdings’ ADRs ended about 12% lower than they were on May 19, before Q1 earnings sent the stock tumbling. That’s the main issue now. Investors are into the AI demand angle but aren’t sure when that will actually turn into billable sales.