Reported 1 day ago
GDS Holdings Limited (NASDAQ:GDS) surged 7.77% to $37.72 following JPMorgan's upgrade of the stock from 'neutral' to 'overweight' and raising its price target from $34 to $46. The optimistic outlook is attributed to anticipated growth in domestic data center operations linked to resumed H20 chip shipments to China, which are expected to enhance revenues. GDS is set to announce its second quarter financial results in August 2025, with projected revenues between 11.29 billion and 11.59 billion yuan.
Source: YAHOO