10 Stocks Investors Are Dumping

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1. VNET Group Inc. (NASDAQ:VNET)

VNET Group extended its losses to a third straight day on Tuesday, dropping 10.18 percent to close at $9.48 apiece, mimicking a broader market pessimism triggered by ongoing geopolitical tensions.

The decline fell in line with the Nasdaq, losing 2.39 percent during the session after President Donald Trump announced over the weekend that he would impose 10 percent tariffs on goods from eight European countries opposing his planned takeover of Greenland.

Meanwhile, investor sentiment was further dampened by the European Union’s promise that it would retaliate with a $108 billion tariff on American goods entering the region.

While the brewing tensions do not directly affect VNET Group Inc. (NASDAQ:VNET), investors parked funds to minimize potential risks.

VNET Group Inc. (NASDAQ:VNET) is one of the leading data center providers in China, with a plan to develop 10 GW of green computing capacity in both China and the overseas markets over the next few years.

In June last year, VNET Group, Inc. (NASDAQ:VNET) unveiled its so-called Hyperscale 2.0 initiative, which would focus on AI data center innovation.

Among its prospective regions are Inner Mongolia, Hebei, Beijing, and the Yangzi River Region, and it will feature MW-level racks, 100MW single facilities, and GW-scale campuses.

While we acknowledge the potential of VNET to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VNET and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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