VNET Group Inc (VNET) Achieves High Growth on AI-Driven Demand

VNET Group Inc (NASDAQ:VNET) is one of the best data center stocks to buy right now. On March 16, Jefferies reiterated a Buy rating and raised its price target for VNET Group Inc (NASDAQ:VNET) to $23.55 from $22.12. The price target hike followed senior vice president Pete Zhihua Zhang’s reiteration that the company continues to achieve high-quality growth amid strong AI-driven demand.

VNET Group Inc (VNET) Achieves High Growth on AI-Driven Demand

The remarks follow a strong 2025, during which the company achieved its 2025 delivery plan, delivering a record 404MW. Fourth quarter revenue was up 19.6% to $384.2 million, driven by a 23.7% increase in IDC revenues to $288.3 million. Full-year revenue was up 20.5% to $1.42 billion. Fourth quarter adjusted EBITDA was up 11.6% to $115.1 million, as full year adjusted EBITDA increased 22.6% to $425.9 million.

For the full year 2026, VNET Group estimates revenue growth of between 15.6% and 18.6%, to between RMB11.5 billion and RMB11.8 billion. The company also expects 450 to 500 megawatts of growth in 2026 compared to 404 megawatts last year.

“As a leading player, we remain focused on reinforcing our core strengths and developing our scalable and high-performance data centers to capture the accelerating AI-driven demand. Moving forward, we will further advance our Hyperscale 2.0 framework to achieve sustainable, high-quality growth and create long-term value for all stakeholders,” said Josh Sheng Chen, Founder, Executive Chairperson

VNET Group Inc (NASDAQ:VNET) is a leading carrier-neutral data center provider in China, operating more than 50 centers in over 30 cities. It offers wholesale and retail colocation, managed hosting, and cloud services, including Microsoft Azure/365 in China, to enterprises, internet companies, and cloud providers.

While we acknowledge the risk and 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 and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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