These 10 Stocks Defied Tuesday’s Bloodbath

6. GDS Holdings Limited (NASDAQ:GDS)

GDS Holdings jumped by 11.31 percent on Tuesday to end at $35.44 apiece as investors resorted to bargain-hunting following a 16.32-percent drop on Monday.

GDS, a company that builds and runs data centers in China and Southeast Asia, earns a generally bullish sentiment among analysts amid the booming Artificial Intelligence industry in China, which is already creating a ripple effect in GDS’s business.

Despite economic uncertainties from the ongoing trade war, analyst Louis Tsang from Citi Group raised his outlook and price target for GDS.

From $25.1 previously, Tsang now projects GDS to more than double to $51.2. The price target represents a 44-percent upside from the company’s last stock price.

He also maintained a “buy” rating on the stock, saying it was based on optimism toward growing AI data center-related spending from Chinese cloud service providers.