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VNET Group Authorizes Share Repurchases Program Worth $50 Million

VNET Group, Inc. (NASDAQ:VNET) is one of the Best Information Technology Services Stocks to Invest In. On June 27, VNET Group, Inc. (NASDAQ:VNET) authorized a share repurchase program worth $50 million of its American depositary shares (ADSs).

VNET’s board has decided to repurchase its ADSs up to $50 million to underscore its confidence in the company’s future development and growth prospects. Depending on market conditions, the company may repurchase stock from time to time on the open market at the prevailing market price, in open-market transactions, block trades, or through other legal means.

A close up image of a application hosting server with the company’s branding on it.

VNET Group, Inc. (NASDAQ:VNET) also raised its full-year 2025 guidance, increasing the net revenue from the previous guidance of RMB 9.10-9.30 billion to RMB 9.15-9.35 billion. Whereas, the adjusted EBITDA guidance is raised from RMB 2.70-2.76 billion to RMB 2.76-2.82 billion. The raised guidance for the full year indicates a robust trajectory driven by faster-than-anticipated move-ins among wholesale IDC clients and operational efficiency gains.

VNET Group, Inc. (NASDAQ:VNET) is a holding company primarily engaged in carrier-neutral and cloud-neutral data center services. The company offers managed hosting services, cloud services, and virtual private network services.

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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

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