Core Viewpoint - GDS Holdings (GDS.US) has seen a positive market response, with a 4.5% increase in Hong Kong shares and a 3.6% rise in pre-market trading for U.S. shares, driven by favorable analyst reports and significant industry developments [1] Group 1: Analyst Ratings - Morgan Stanley reaffirmed a positive outlook on GDS Holdings, listing it as a top pick in the industry [1] - Citigroup maintained a "Buy" rating for GDS Holdings with a target price of $51.2 [1] - JPMorgan upgraded GDS Holdings from Neutral to Overweight, raising its target price from $34 to $46 [1] Group 2: Industry Developments - NVIDIA has officially submitted an application to sell its H20 GPU in China, which is expected to receive approval from U.S. authorities, marking a significant positive development for the Chinese data center industry [1]