GDS Releases 2023 ESG Report
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APAC data centers to see strong growth and benefit from AI uplift: BofA
August 28, 2024 6:46 AM EDTAsia-Pacific (APAC) data centers are poised for significant growth over the next five to six years, driven by a surge in demand from hyperscalers, enterprise migration to third-party data centers, and the adoption of generative AI (Gen-AI), according to Bank of America (BofA) analysts.
BofA cites data from Structure Research, which projects that APAC data center colocation capacity will grow at a compound annual growth rate (CAGR) of 14%... More
Jefferies Reiterates Buy Rating on GDS Holdings (GDS)
August 27, 2024 7:46 AM EDTJefferies analyst Edison Lee reiterated a Buy rating and $27.44 price target on GDS Holdings (NASDAQ: GDS).
The analyst comments "Malaysia could be a global AIDC hub as it has 1) sufficient power, 2) strong telecom connectivity, 3) the right location, and 4) a geopolitically neutral... More
GDS Holdings (GDS) PT Raised to $22.40 at BofA Securities
August 27, 2024 5:37 AM EDTBofA Securities analyst Daley Li raised the price target on GDS Holdings (NASDAQ: GDS) to $22.40 (from $12.40) while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating on GDS given top-line growth acceleration driven by rapid overseas capacity ramp-up and potential... More
