Today: 20 March 2026
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NASDAQ:VNET 24 September 2025 - 12 February 2026

VNET Group’s AI-Fueled Data Center Boom Sends Stock Soaring – What Investors Need to Know

VNET Group’s AI-Fueled Data Center Boom Sends Stock Soaring – What Investors Need to Know

VNET Group shares jumped 14% to $10.62 on September 24, 2025, after landing a 40MW data center contract near Beijing. Q2 revenue rose 22% to RMB 2.43 billion, but the company posted a loss of $0.06 per share, missing estimates. VNET holds RMB 17.4 billion in debt and raised $430 million in March via convertible bonds. Founder Sheng “Josh” Chen remains interim CEO after dropping a privatization plan.

Stock Market Today

  • 3 Worst-Performing Singapore Blue Chips in 2026: Genting Singapore Leads Decline
    March 20, 2026, 8:29 AM EDT. Singapore's stock market faced headwinds in early 2026. Genting Singapore Limited (SGX: G13) emerged as the worst YTD performer among blue chips, with its share price down 8.3% by mid-March. The integrated resort operator's FY2025 net profit plunged 33% year-on-year to S$390.3 million amid a softer gaming recovery and ongoing renovations at Resorts World Sentosa. Gaming segment weakness, intensified competition from Marina Bay Sands, and hotel occupancy challenges weighed on results. Despite a recovering broader gaming market, Genting Singapore's transformation phase and operational disruptions have depressed earnings. The outlook hinges on completion of renovations and stabilizing non-gaming segments. Investors watch for potential turnaround triggers amid income opportunities re-emerging across the Singapore market.
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