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Stock impact report

Why Analysts See VNET's (VNET) Data Center Story Gaining Momentum [Yahoo! Finance]

VNET Group, Inc. - American Depositary Shares (VNET) 
Last vnet group, inc. - american depositary shares earnings: 8/19 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.21vianet.com
Company Research Source: Yahoo! Finance
rating on VNET with a $12.50 price target, following a nearly 20% rally since the analyst lifted the target from $9 in late July when shares traded near $8.30. The rating reaffirmation came a day after VNET announced a 40MW wholesale order from a leading internet company for its new Gu'an IDC Campus in the Greater Beijing Area. The project will be delivered in phases and highlights the company's ability to attract large-scale customers in a competitive market. Why Analysts See VNET's (VNET) Data Center Story Gaining Momentum Management emphasized that the order will support the client's use of domestic chips, a market segment expected to be a key driver of computing demand in China. VNET is also deploying advanced liquid cooling technology for this order, designed to reduce energy consumption and improve power utilization efficiency. The deal reinforces VNET's execution capabilities at a time when hyperscale demand remains resilient despite broader market uncertainty. Apart Show less Read more
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