VNET Group (VNET) Stock Jumps 7.1%: Will It Continue to Soar?

Core Viewpoint - VNET Group is experiencing significant stock price movement due to strong demand for its internet data center services, particularly driven by AI applications and robust customer orders across various industries [1][2]. Company Summary - VNET Group shares increased by 7.1% to $7.08 in the last trading session, with a notable trading volume, and have gained 19.3% over the past four weeks [1]. - The company is expected to report quarterly earnings of $0.02 per share, reflecting a year-over-year decline of 66.7%, while revenues are projected to be $313.14 million, marking a 14.1% increase from the previous year [2]. - The consensus EPS estimate for VNET has remained unchanged over the last 30 days, indicating stability in earnings expectations [4]. Industry Summary - VNET Group operates within the Zacks Internet - Software industry, which includes other companies like D-Wave Quantum Inc. [4]. - D-Wave Quantum's consensus EPS estimate has also remained unchanged, with a projected EPS of -$0.07, representing a 30% increase compared to the previous year [5].