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VNET Group (VNET) Climbs 10.9% on China AI Boom

We recently published 10 Stocks Crushing Wall Street, AI Stocks Dominate. VNET Group, Inc. (NASDAQ:VNET) is one of the top performers on Tuesday. Shares of VNET Group surged by 10.91 percent on Wednesday to finish at 10.37eachasinvestorsgobbledupsharesinChinesefirmsthatwilllargelybenefitfromtheartificialintelligenceboomamidwhoppinginvestmentsinthesector.TheoverallinvestoroptimismcanbeattributedtoAlibabaGroupsrampedupspendingintheAIsectorto10.37 each as investors gobbled up shares in Chinese firms that will largely benefit from the artificial intelligence boom amid whopping investments in the sector. The overall investor optimism can be attributed to Alibaba Group’s ramped-up spending in the AI sector to 53 billion, as it pl ...