Why These 15 Software Stocks Are Skyrocketing So Far in 2025

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9. GDS Holdings Ltd (NASDAQ:GDS)

Number of Hedge Fund Holders In Q3 2024: 32

GDS Holdings Ltd (NASDAQ:GDS) is a high-performance data center company in China.

The stock is up significantly as the broader Chinese tech industry has been recovering fast. Third-quarter 2024 results showed 18% year-over-year revenue growth and 15% year-over-year adjusted EBITDA growth. Plus, utilization rates for operational data centers rose to 73.6%.

Wall Street is also bullish about its Q4 2024 earnings report scheduled for March 25, 2025. If it keeps beating earnings estimates, the stock could be lifted even higher from here.

The consensus price target of $22.6 implies 42.26% downside.

GDS stock is up 64.73% year-to-date.

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