On June 10, GDS Holdings fell 5.1% in regular trading, trading at $34.245/share, with trading volume of $33.6 million. The decline follows the previous session's sharp 8%+ rally fueled by a Goldman Sachs bullish call on cloud and data center stocks.

The pullback reflects persistent concerns over the company's Q1 earnings quality. Of the 2.652 billion yuan in reported net profit, over 80% stemmed from a 2.136 billion yuan one-time investment gain tied to a DayOne equity operation. Excluding this item, core business revenue growth decelerated to just 7.9%. Meanwhile, management reiterated a 300-to-500 billion yuan capital expenditure plan over the next three years, while operating cash flow contracted, intensifying market anxiety over near-term financial pressure.

Within the Internet Services and Infrastructure sector, multiple peers also traded lower, with Cloudflare down 6.03%, Applied Digital down 6.44%, and CoreWeave down 2.89%, reflecting broader sector weakness that compounded selling pressure on GDS.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)