10 Stocks Lead Wednesday’s Charge, Mirror Broader Gains

2. VNET Group Inc. (NASDAQ:VNET)

VNET grew its share prices by 16.43 percent on Wednesday—a second consecutive day—to close at $12.47 apiece, as investors continued to snap up shares in the company ahead of its earnings release on March 26, 2025.

In particular, investors will be looking out for cues on its capital expenditure program and its allocation to projects related to Artificial Intelligence. Last year, the company signaled plans to invest heavily in AI, saying that it would earmark a higher capital for this year to support growth.

VNET, one of the leading carriers and cloud-neutral internet data center service providers in China, has been benefiting from China’s AI industry over the past few months on expectations that any advancement would bolster its business growth.

Since DeepSeek’s emergence, various Chinese firms, including the biggest ones listed on the US exchange, have kicked off their efforts to integrate DeepSeek into their operations.