Live Updates > Live Update Details
2025-09-17 17:16:34
[Kingsoft Cloud leads gains over 7%, GDS and 21Vianet receive "buy" ratings from Bank of America] ⑴ Kingsoft Cloud (KC.US) rose over 7% in pre-market trading on Wednesday, closing at $17.2; GDS (GDS.US) and 21Vianet (VNET.US) both rose over 2%. ⑵ Bank of America Securities, in its latest research report, noted that recent investor engagements with management from several software, data center, and cloud computing companies have revealed steady progress in AI commercialization by software companies, with contract values continuing to rise. Furthermore, the application of AI agents and AI encoding technologies is improving operational efficiency. ⑶ The bank is particularly bullish on GDS, 21Vianet, and Kingsoft Cloud in the data center and public cloud sectors, believing that strong AI demand is driving these companies' performance to exceed expectations. Therefore, they all receive "buy" ratings. Kingsoft Cloud expanded its AI inference applications to several new internet clients in the second quarter of this year. GDS secured hyperscale AI orders covering data centers in two first-tier cities in the first quarter. 21Vianet saw a significant 112.5% year-on-year increase in base-based IDC revenue in the second quarter, securing a 20-megawatt order. ⑷In addition, Goldman Sachs' research report also stated that in China's Internet sector, priority should be given to sub-sectors such as cloud computing and data centers, among which 21Vianet and GDS are optimistic.
