10 Firms Stand Out Amid Market Downturn

8. VNET Group, Inc. (NASDAQ:VNET)

Chinese firm VNET Group, Inc. (NASDAQ:VNET) rallied for a third straight day on Thursday, adding 12.58 percent to close at $14.68 apiece as investors continued to place bets in the company on expectations that it would earn further boost from the rapid AI advancements in China.

Since the emergence of DeepSeek, investors have been gambling on Chinese technology stocks, including VNET—one of the leading data center operators in China—on expectations that any advancements would bolster the growth of companies supporting AI.

Since the start of the month, or just a few days after DeepSeek announced it was able to train its model for just a fraction of the value spent to train ChatGPT, VNET already saw its share price 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.