VNET Group (VNET) Soars 10.8% as Goldman Sachs Bullish on Chinese Stocks

Group 1 - VNET Group, Inc. (NASDAQ:VNET) experienced a significant rally, increasing by 10.85% to close at $10.32, driven by investor interest in Chinese AI companies and a positive outlook from an investment firm [1][2] - Goldman Sachs predicts that 2026 will be a year of growth for Chinese stock benchmarks, with earnings growth supported by AI advancements and favorable policy measures [2][3] - The MSCI China Index is expected to rise by 20% to reach 100 by the end of the year, while the CSI 300 index is projected to grow by 12% [3] Group 2 - VNET Group is a leading data center provider in China, planning to develop 10 GW of green computing capacity in both domestic and international markets over the next few years [4] - The company launched its Hyperscale 2.0 initiative in June last year, focusing on innovation in AI data centers [4] - Potential development regions for VNET include Inner Mongolia, Hebei, Beijing, and the Yangzi River Region, featuring MW-level racks and GW-scale campuses [5]