10 Companies That Performed Well Last Week

3. VNET Group Inc. (NASDAQ:VNET)

VNET’s share prices jumped by 26.4 percent week-on-week as investors gobbled up shares in the company in hopes that further advancements in China’s artificial intelligence industry would provide a further boost to its growth.

Since the emergence of DeepSeek, Chinese companies, including VNET—one of the leading data center operators in China, have been earning a boost amid expectations that any advancements in China’s AI industry would bolster business growth.

To date, various Chinese firms, including the biggest ones listed on the US stock market, have made their efforts to integrate DeepSeek into their operations.

Since the start of the month, a few days after DeepSeek’s surface, VNET already saw its share prices jump by a whopping 103 percent.

Last year, the company also signaled plans to invest heavily in AI, even earmarking a higher capital for this year to support growth.