VNET Group (VNET) Jumps 10.4% on China Market Optimism

We recently published 10 Stocks With Crazy Gains. VNET Group Inc. (NYSE:VNET) was one of the top performers on Monday.

VNET Group extended its winning streak to a fourth consecutive session on Monday, jumping by as much as 10.36 percent during intra-day trading at $11.50, with investor sentiment fueled by bullish outlooks on Chinese AI stocks.

At market close, the stock ended 9.21 percent higher at $11.38 apiece.

This followed a market report from Goldman Sachs last week, saying that it believes continued growth for Chinese stocks in 2026, to be supported by AI growth and policy measures.

“Our expected equity gains in 2026 are almost entirely earnings-driven,” Goldman Sachs said, noting that profit growth will be supported by AI, “Going Global,” and anti-involution policy.

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The MSCI China Index alone is forecast to jump by 20 percent to 100 by the end of the year, while the CSI 300 index is expected to grow by 12 percent.

The optimistic comment spilled over to VNET Group Inc. (NYSE:VNET), one of the leading data center providers in China, which is planning to develop a 10 GW 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.

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