Understanding the Market | GDS-SW rose over 14% as AI drives data center prosperity, the company has fully launched cooperation with cloud service providers

Zhitong
2025.09.12 01:57
portai
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GDS-SW's stock price rose by more than 14%, with an increase of 13.83% as of the time of publication, trading at HKD 38.2, with a transaction volume of HKD 327 million. Alibaba and Baidu have begun using self-designed chips to train AI large models, reducing their reliance on NVIDIA chips. Alibaba plans to issue USD 3.2 billion in zero-coupon convertible bonds, with 80% allocated to enhancing cloud infrastructure. GDS collaborates with several cloud service providers, including Alibaba Cloud and Tencent Cloud, with core business continuing to grow