Why These 10 Stocks Soared by Double Digits Today

4. VNET Group, Inc. (NASDAQ:VNET)

VNET Group snapped a five-day losing streak on Monday as investors resorted to bargain-hunting to take advantage of its cheap valuation while cheering news of the US and China’s tariff truce.

While the ceasefire between the two countries does not directly impact VNET Group, Inc. (NASDAQ:VNET), it plays a crucial role in bolstering investor sentiment and economic environment, factors that are expected to spill over into businesses.

VNET Group, Inc. (NASDAQ:VNET) is a China-based technology firm primarily focused on providing internet data center services and related infrastructures, including those that support artificial intelligence. Based on its historical reporting dates, the company is expected to release the results of its first quarter earnings performance in the first week of June 2025.

In its last earnings call, VNET Group (NASDAQ:VNET) announced higher capital spending this year on the back of robust demand for its wholesale services. It underscored that it would work closely with its strategic suppliers and maximize the synergies to ensure that its capital spending would grow at a steady pace.