NasdaqGS:VNETIT
VNET Group (NasdaqGS:VNET): Evaluating Valuation After Q2 Growth, Upgraded Guidance, and $50M Buyback
VNET Group (NasdaqGS:VNET) has caught the market’s attention after releasing its second-quarter results, which delivered double-digit revenue growth and triggered some major strategic moves. Management not only raised its full-year revenue and adjusted EBITDA guidance but also rolled out a $50 million share repurchase program. The center of all this action is rapid growth in wholesale data center operations, fueled by the surge in AI and high-performance computing demand, along with ambitious...