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Goldman Sachs Upgrades Cloud and Data Center Stocks; VNET Surges 12%, GBS up 8% in U.S. Premarket

2026-06-09 09:17:31

On June 9, U.S. premarket trading saw significant gains in Chinese cloud and data center stocks, according to Bitget data. Century Link Inc. (VNET) rose over 12%, Wan Guan Data (GBS) climbed over 8%, Kingsoft Cloud (KC) gained over 6%, and Alibaba (BABA) rose nearly 1%.

Goldman Sachs issued a report reaffirming its positive outlook on the cloud and data center sector for the second half of 2026. The bank projects China's daily token usage will reach 350 trillion by year-end and recommends Alibaba, Wan Guan Data, Century Link, and Kingsoft Cloud as top picks in the segment.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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