On June 9, GDS Holdings rose 6.92% in regular trading, trading at $37.405/share, with trading volume of $21.94 million. The stock rebounded sharply after accumulating over 15% in losses from prior sessions driven by earnings quality concerns and heavy capex plans.

On the news front, GDS officially signed a strategic cooperation agreement with the Ulanqab Municipal Government, committing to invest over 30 billion yuan over the next five years to build multiple high-density data center parks and GW-level data center parks, with over 80% green power coverage to form a zero-carbon data center cluster. This marks a significant milestone in the company's AI infrastructure buildout in China.

Additionally, IDC industry REITs developments provided a key catalyst, as GDS has issued public REITs products based on smart computing center assets, effectively recycling capital to ease heavy-asset expansion pressure — directly addressing market concerns over strained operating cash flows amid a 300-to-500 billion yuan three-year capex plan. Goldman Sachs also reiterated its buy rating, naming GDS a top pick in the cloud and data center sector for the second half of the year.

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