VNET Group Inc ADR

VNET: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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VNET Group Earnings: AI Driving Demand for Chinese Data Centers

Dan Baker

Nov 21, 2024

VNET reported a strong third-quarter result driven by wholesale demand for its internet data centers for artificial intelligence applications. Revenue grew by 12% with adjusted EBITDA up 20%. Management also increased its 2024 revenue guidance by 2% and adjusted EBITDA by 1%.

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VNET Group Inc ADR

VNET Group Earnings: AI Driving Demand for Chinese Data Centers

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