VNET (VNET) Surges 14% on Rating Upgrade, Improving US-China Relations

We recently published Lackluster Tuesday? Not for These 10 Stocks on Sky High. VNET Group, Inc. (NASDAQ:VNET) is one of Tuesday's top performers.

VNET Group soared by 14.14 percent on Tuesday to end at $9.04 apiece as investors took heart from an investment firm’s rating upgrade for its stock, coupled with expectations of improving global trade.

According to the US government, it officially authorized chip giant Nvidia Corp. to resume selling its H20 chips to China, a move that not only sparked optimism for the overall technology industry but also boosted hopes for improving trade relations between the world’s two largest economies.

For its part, VNET Group, Inc. (NASDAQ:VNET)—an internet and data center provider in China—is set to benefit from the continued Artificial Intelligence growth in China, supported by the resumption of sales of highly anticipated H20 chips.

In other news, Wall Street Zen over the weekend raised its rating for VNET Group, Inc. (NASDAQ:VNET) to “hold” from “sell” previously.

Based on its historical earnings reporting dates, VNET Group, Inc. (NASDAQ:VNET) will announce the results of its second quarter earnings performance in the last week of August 2025.

While we acknowledge the potential of VNET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.