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NASDAQ:VNET 24 September 2025 - 13 May 2026

VNET Stock Surges as CATL-Linked Buyers Move for 38% Stake in China AI Data-Center Bet

VNET Stock Surges as CATL-Linked Buyers Move for 38% Stake in China AI Data-Center Bet

PJ Millennium entities, linked to a CATL affiliate, agreed to buy up to 650.4 million VNET Class A shares from SDHG-controlled sellers for $1.4486 each. The deal would give the buyers up to 38.1% of VNET, with closing expected in Q4 2026. VNET’s Nasdaq-listed ADRs jumped over 30% in U.S. trading. The transaction involves existing shares and does not inject new capital into VNET.
13 May 2026
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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.
24 September 2025
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Stock Market Today

  • FTSE 100 Slips Amid Rising U.S. Bond Yields and Iran Tensions
    May 20, 2026, 6:30 AM EDT. The FTSE 100 fell 0.50% as global markets reacted to surging U.S. bond yields and geopolitical tensions between the U.S. and Iran. The 30-year U.S. Treasury yield remained near a 16-year high of 5.17%, while the 10-year yield hovered close to 4.66%. UK inflation softened to 2.8% in April, below expectations, easing pressure on the Bank of England for further rate hikes. However, producer price inflation rose sharply to 4%, driven by supply disruptions linked to Middle East tensions. Geopolitical concerns intensified after President Trump hinted at possible military action against Iran, escalating market uncertainty. The pound weakened slightly against the dollar, and Bank of England Governor Andrew Bailey was set to discuss the economic outlook amid these developments.

Latest articles

Entergy’s AI stock boost draws Wall Street’s attention—with a twist

Entergy’s AI stock boost draws Wall Street’s attention—with a twist

20 May 2026
Entergy shares have risen 33.3% over the past year, outpacing the S&P 500 and utilities sector, as investors bet on surging electricity demand from data centers and industrial growth. In April, Entergy raised its four-year capital plan by 33% to $57 billion, driven largely by Meta data center projects. First-quarter adjusted earnings reached $399 million, or 86 cents a share. Entergy also finalized a service deal with HYUNDAI-POSCO Louisiana.
Bolt CEO Said Firing HR Fixed Problems. Here’s What Happened Next

Bolt CEO Said Firing HR Fixed Problems. Here’s What Happened Next

20 May 2026
Bolt CEO Ryan Breslow defended cutting the company’s HR department at Fortune’s Workplace Innovation Summit, saying it had “created problems that didn’t exist.” The move follows Bolt’s April layoffs of about 30% of staff as it pivots to AI and a consumer finance app. Breslow said Bolt is “back in startup mode” and replaced HR with a smaller people operations team. Bolt was once valued at $11 billion.
San Antonio’s New Battery Bet Comes Just as CPS Outages Get Longer

San Antonio’s New Battery Bet Comes Just as CPS Outages Get Longer

20 May 2026
OCI Energy and CPS Energy have begun building a 120-megawatt battery storage facility in southeastern Bexar County, aiming for commercial operation in 2027. The project follows a rise in average outage duration for CPS Energy customers to 75.38 minutes in 2025. OCI will own the facility, with CPS holding operational control. ING is financing construction, and LG Energy Solution Vertech is supplying batteries.
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