US Stock Market Move | Received 40MW wholesale order VNET Group, Inc. Sponsored ADR (VNET.US) surged over 16%

On Thursday, VNET Group, Inc. Sponsored ADR(VNET.US) surged over 16%, closing at $9.22. In terms of news, on September 11, the company announced a 40MW wholesale order from a leading internet company, to be used for its strategic position at the Gu'an IDC park, with capacity to be delivered in phases to support customers' core business. In addition, HSBC research pointed out in a report that VNET Group, Inc. Sponsored ADR benefits from the growth in demand for AI training and inference, as its abundant capacity in Inner Mongolia and low power costs have made it a preferred stock for data center companies.