We recently compiled a list of the 10 Stocks Lead Wednesday’s Charge, Mirror Broader Gains. In this article, we are going to take a look at where VNET Group, Inc. (NASDAQ:VNET) stands against the other stocks.
US shares stayed firmer on Wednesday, with all major indices finally eking out gains as President Donald Trump softened on trade restrictions for three large automakers, reviving hopes that the trade war may not be as bad as it seemed.
The Dow Jones grew 1.14 percent, the S&P 500 rose by 1.12 percent, while the tech-heavy Nasdaq jumped 1.46 percent.
On Wednesday, the White House granted three large automakers a one-month exemption from tariffs after a call with the president, sending their share prices higher during the session.
Ten firms also mirrored the broader optimism, posting strong gains during the day. In this article, we have listed the 10 names and detailed the reasons behind their performance.
To come up with Wednesday’s top gainers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.
A close up image of a application hosting server with the company’s branding on it.
VNET Group, Inc. (NASDAQ:VNET)
VNET Group, Inc. (NASDAQ: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 Group, Inc. (NASDAQ: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.
Overall VNET ranks 2nd on our list of Wednesday’s top gainers. While we acknowledge the potential of VNET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VNET but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock
Disclosure: None. This article is originally published at Insider Monkey.
