Why GDS Holdings Limited (GDS) Went Up On Thursday?

We recently published a list of 10 Firms Stand Out Amid Market Downturn. In this article, we are going to take a look at where GDS Holdings Limited (NASDAQ:GDS) stands against other firms that stand out amid market downturn.

Pessimistic sentiment persisted on the stock market on Thursday as investors moved to sell off shares in an effort to minimize risks from uncertainties brought about by President Donald Trump’s continued tariff threats and policy shifts.

The Dow Jones plunged 1.01 percent, the S&P 500 declined 0.43 percent, and the tech-heavy Nasdaq lost 0.47 percent.

Amidst the overall market downturn, 10 companies stood out, clocking in double-digit gains during the trading session, thanks to a flurry of positive catalysts including strong corporate earnings results.

To come up with Thursday’s top performers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

A top level executive looking out of a skyscraper window, symbolizing the strategic decisions taken by the company.

GDS Holdings Limited (NASDAQ:GDS)

GDS Holdings Limited (NASDAQ:GDS) extended its rally for a 10th consecutive day on Thursday, adding another 12.76 percent to its valuation to finish at $48.50 apiece, as funds continued to flock to Chinese companies supporting AI in China, including GDS.

Over the past 10 trading days alone, the company’s stock price has already registered a whopping 87-percent jump.

GDS, a leading developer and operator of high-performance data centers in China and Southeast Asia, has been earning a boost from the rapid advancements in AI, particularly DeepSeek, especially with the latter now being widely adopted by various businesses—from chatbots, smart vehicles, government agencies, and schools, among others.

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, BHC 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.

Overall, GDS ranks 7th on our list of firms that stand out amid market downturn. While we acknowledge the potential of GDS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than GDS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article is originally published at Insider Monkey.