A proposed class action settlement of $5.875 million has been approved by the U.S. District Court for the Southern District of New York on behalf of shareholders who purchased VNET Group, Inc. American Depositary Shares between March 23, 2022 and February 17, 2023. A settlement hearing is scheduled for August 27, 2026, to determine approval of the settlement, plan of allocation, and attorneys' fees.

VNET Group shares surged 28.44% on Wednesday following news that PJ Millennium I and II Limited agreed to acquire nearly 650 million shares at $1.44 per share ($8.69 per ADS), giving them approximately 38.1% ownership. The deal is expected to close in Q4 2026 pending shareholder approval. Despite positive company-specific news, broader markets showed mixed performance with the Russell 2000 down 0.33% and S&P 500 up 0.04%.

Infini Capital Management Ltd fully exited its Baidu position on February 13, 2026, selling 33,399 shares for approximately $4.4 million. The fund reduced its Baidu holdings throughout 2025 before completely liquidating the position. The exit may have been prompted by Baidu's $2.2 billion impairment charge, an 18% yearly drop in advertising revenue, and the fund's broader restructuring that saw it divest nine of its 11 holdings in Q4.

Chinese data center operator Vnet experienced a significant stock price increase after beating analyst estimates and receiving a price target upgrade from Jefferies, driven by strong quarterly performance and potential in the AI-driven data center market.

Shandong Hi-Speed Holdings Group (SDHG) achieved a market capitalization of over HK$100 billion in 2025 by strategically investing in renewable energy and computing power, positioning itself as a leader in Electricity-Computing Integration for AI infrastructure.

GDS Holdings, a Chinese data center company, is reportedly considering a U.S. IPO for its international business unit, DayOne. This news drove a 17% surge in GDS's stock price, outpacing the broader market.

U.S. tech stocks plunge as Chinese AI platform DeepSeek R1 rivals top U.S. models at a fraction of the cost, raising concerns about the pricing power and capital expenditures of major U.S. tech firms.

Vnet Group Inc. (VNET) has seen a bullish technical signal, with its 50-day moving average crossing above the 200-day, indicating a potential breakout. The company's earnings expectations have also improved, further supporting the positive outlook.

Options traders are pricing in a big move for VNET Group shares, suggesting significant market expectations for the company. However, the fundamental picture is more neutral, with the stock currently ranked as a Zacks Rank #3 (Hold) in the Internet - Services industry.

After losing some value lately, a hammer chart pattern has been formed for 21Vianet (VNET), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

U.S. stocks were lower, with the Dow Jones falling around 400 points on Tuesday. Shares of ChampionX Corporation (NASDAQ: CHX) rose sharply during Tuesday’s session after Schlumberger Limited (NYSE: SLB) announced it will acquire the company. ChampionX shares jumped 9.5% to $38.78 on Tuesday. Here are some other big stocks recording gains in today’s session. VirTra, Inc. (NASDAQ: VTSI) shares jumped 32.8% to $12.67 after the company reported better-than-expected fourth-quarter results. TMC the metals company Inc. (NASDAQ:

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