VNET Group (VNET) Jumps 10.4% on China Market Optimism

We precocious published 10 Stocks With Crazy Gains. VNET Group Inc. (NYSE:VNET) was 1 of the apical performers connected Monday.

VNET Group extended its winning streak to a 4th consecutive league connected Monday, jumping by arsenic overmuch arsenic 10.36 percent during intra-day trading astatine $11.50, with capitalist sentiment fueled by bullish outlooks connected Chinese AI stocks.

At marketplace close, the banal ended 9.21 percent higher astatine $11.38 apiece.

This followed a marketplace study from Goldman Sachs past week, saying that it believes continued maturation for Chinese stocks successful 2026, to beryllium supported by AI maturation and argumentation measures.

“Our expected equity gains successful 2026 are astir wholly earnings-driven,” Goldman Sachs said, noting that nett maturation volition beryllium supported by AI, “Going Global,” and anti-involution policy.

alphaspirit/Shutterstock.com

The MSCI China Index unsocial is forecast to leap by 20 percent to 100 by the extremity of the year, portion the CSI 300 scale is expected to turn by 12 percent.

The optimistic remark spilled implicit to VNET Group Inc. (NYSE:VNET), 1 of the starring information halfway providers successful China, which is readying to make a 10 GW greenish computing capableness successful some China and the overseas markets implicit the adjacent fewer years.

In June past year, VNET Group, Inc. (NASDAQ:VNET) unveiled its alleged Hyperscale 2.0 initiative, which would absorption connected AI information halfway innovation. Among its prospective regions are Inner Mongolia, Hebei, Beijing, and the Yangzi River Region, and it volition diagnostic MW-level racks, 100MW azygous facilities, and GW-scale campuses.

While we admit the imaginable of VNET arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.