US Stock Movement | VNET Group (VNET.US) Rises 4% as Company's Base-Type IDC Business Expands Rapidly

Stock News
Sep 30

On Tuesday, VNET Group (VNET.US) gained 4%, trading at $10.83. CITIC Securities recently released a research report stating that VNET Group has abundant short-term and long-term reserves, with plans to increase total managed data center capacity to 10GW by 2036. The company is actively deploying green power direct connections, which is expected to boost profits. As newly constructed IDCs are gradually delivered and AI computing demand drives improved customer rack utilization rates, the company's performance is expected to continue growing. CITIC Securities noted that VNET Group is a leading IDC enterprise in China, with its base-type IDC business experiencing rapid expansion. The company's capital expenditure for 2025 is projected at 10-12 billion yuan, representing a year-over-year increase of 101%-141%. The planned delivery volume is expected to exceed the combined total of the previous three years. The rack utilization rate of the company's delivered IDCs has improved rapidly, with performance accelerating in the first half of 2025.

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