VNET Group (VNET) Gets 14.88% Boost From 40MW Capacity Order

Group 1 - VNET Group, Inc. experienced a significant stock increase of 14.88%, closing at $9.11, following the announcement of a 40-megawatt order from a major internet company for its new Gu'an IDC campus in Beijing [1][3] - The Gu'an IDC Campus is designed to cater to the rising demand driven by AI technologies, high-performance computing, and advanced manufacturing sectors [2] - The order highlights VNET Group's strong execution capabilities and its ability to attract leading customers in a competitive market, as stated by the Executive Chairperson and interim CEO Josh Sheng Chen [3] Group 2 - VNET Group plans to deliver the ordered capacity in phases, ensuring customized services to meet the specific needs of the customer, particularly in deploying domestic chips for its core business [1][4] - The increasing demand for enhanced computing capabilities positions the domestic chip sector as a vital growth engine for VNET's IDC business [4]