10 Firms Begin Trading Week With Impressive Gains

5. VNET Group Inc. (NASDAQ:VNET)

VNET extended its winning streak for a sixth consecutive day on Monday, touching a new all-time high of $10.57 before losing some steam to finish the day just up by 15.22 percent at $10.37 apiece.

Investors appeared to have continued snapping up shares in the company over optimism about its business outlook, as it seeks to ride the booming AI industry by expanding heavily in AI.

VNET is expected to release its earnings results next month for the past quarter, where investors will be watching out for cues on its capital expenditures and allocation for 2025.

In November last year, VNET signaled to budget a higher capital this year to further support the robust demand for its wholesale services. It underscored that it would work closely with its strategic suppliers and maximize the synergies in order to ensure that its capital spending would grow at a steady pace.

At the same time, the first quarter of the year will see the delivery of approximately 191 megawatts (MW) of IT capacity from the company, as well as another 105 MW in the second and third quarters of 2025.