We recently compiled a list of the 10 Companies That Performed Well Last Week. In this article, we are going to take a look at where VNET Group, Inc. (NASDAQ:VNET) stands against the other stocks.

The stock market fell heavily into the red territory on Friday as investors sold off positions to mitigate risks from a series of macroeconomic factors.

The Dow Jones declined by 1.69 percent, the S&P dropped by 1.71 percent, and the tech-heavy Nasdaq nosedived by 2.20 percent.

Despite the broader market downturn, ten companies gained momentum, recording price growths on a week-on-week basis.

We have listed 10 companies that performed well last week. Note that shares performances were based on closing prices last Friday, February 21, as against their prices on February 14, or a week earlier.

To come up with last week's advancers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

A close up image of a application hosting server with the company's branding on it.

VNET Group, Inc. (NASDAQ:VNET)

VNET Group, Inc. (NASDAQ:VNET)’s share prices jumped by 26.4 percent week-on-week as investors gobbled up shares in the company in hopes that further advancements in China’s artificial intelligence industry would provide a further boost to its growth.

Since the emergence of DeepSeek, Chinese companies, including VNET Group, Inc. (NASDAQ:VNET)—one of the leading data center operators in China, have been earning a boost amid expectations that any advancements in China’s AI industry would bolster business growth.

To date, various Chinese firms, including the biggest ones listed on the US stock market, have made their efforts to integrate DeepSeek into their operations.

Since the start of the month, a few days after DeepSeek’s surface, VNET Group, Inc. (NASDAQ:VNET) already saw its share prices jump by a whopping 103 percent.

Last year, the company also signaled plans to invest heavily in AI, even earmarking a higher capital for this year to support growth.

Overall VNET ranks 3rd on our list of the companies that performed well last week. While we acknowledge the potential of VNET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than VNET but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

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Disclosure: None. This article is originally published at Insider Monkey.