Why These 15 AI Stocks Are Skyrocketing So Far In 2025

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8. VNET Group (NASDAQ:VNET)

Number of Hedge Fund Holders In Q3 2024: 13

VNET Group (NASDAQ:VNET) is a carrier-neutral data center services provider. It has cloud services and server management products. It operates 50 data centers and is heavily investing in AI.

The stock has been surging in 2025 due to its focus on AI-driven services. It is committing a lot of CAPEX to expand AI computing. Moreover, VNET reported robust growth in its Internet Data Center (IDC) business. Revenue from this segment increased by over 86% year-over-year in Q3 2024. This contributed to 12.4% overall growth.

Total revenue was $302 million in Q3, and adjusted EBITDA grew by 17.1%. That said, it has a debt level and ongoing net losses on an annual basis. For Q3 2024, VNET posted $47.3 million in losses.

The consensus price target of $4.78 implies 36.1% downside.

VNET stock is up 47.8% year-to-date.

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