10 Companies That Performed Well Last Week

6. GDS Holdings Ltd. (NASDAQ:GDS)

GDS Holdings increased its share prices by 14 percent week-on-week to end Friday’s trading at $44.76 versus the $39.14 finish on February 14.

Friday’s price, however, snapped a 10-day winning streak as investors began to pocket gains.

Overall, GDS’ rally was in line with the recent surge in various Chinese firms’ share prices, which have attracted investor funds from other assets amid higher growth hopes, thanks to the booming Chinese AI.

Earlier this month, City analyst Louis Tsang raised GDS’ price target to $51.2 from $25.1 previously, while maintaining a “buy” rating. The rating was based on optimism toward growing AI data center-related spending from China cloud service providers.

For this year, GDS expects revenues to settle anywhere between $9.9 billion to $10.15 billion—an outlook that was more bullish than the average analyst estimate of $9.95 billion.