Why These 15 Stocks Are Skyrocketing in 2025

Page 3 of 14

12. VNET Group (NASDAQ:VNET)

Number of Hedge Fund Holders In Q3 2024: 13

VNET Group (NASDAQ:VNET) is a Chinese carrier-neutral internet data center services provider. It also offers hosting services and has colocation for servers.

The stock’s recent surge is due to the company aligning its strategy with the growing demand for AI-related infrastructure. It reported an 86.4% increase in wholesale data center revenues in Q3 2024 and also achieved a net profit of RMB 317.6 million. Adjusted EBITDA grew by 17.1%.

In addition, the company got multiple wholesale orders and expanded its power resources for data centers. That said, the company’s long-term potential seems challenging due to the debt burden here.

Analysts have a consensus price target of $6.74 for the stock. This implies 6% upside potential.

The stock is up 25.7% year-to-date.

Page 3 of 14