Shares of GDS Holdings (GDS, Financial) rose more than 3%, reaching $21.31. This increase follows reports that ByteDance is significantly ramping up its data center infrastructure, with capital expenditures expected to double to 160 billion RMB by 2025.
Huaxi Securities highlighted that the growing demand for AI computing power and a shift in capital expenditures towards intelligent computing centers by telecom operators and internet companies are key drivers. Additionally, national policies are promoting the enhancement of computing power clusters. As a result, the construction and integration of large and ultra-large computing hub nodes are expected to accelerate, benefiting companies like GDS Holdings.
