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Goldman: Generative AI Drives Upward Trend in IDC Demand Cycle, Bullish on VNET
Generated by AI AgentMarket Intel
Friday, Dec 6, 2024 4:20 am ET1min read
Goldman recently released a research report saying that Chinese internet data center (IDC) companies are expected to end 2024 with a strong share price performance, with VNET (VNET.US, ADR up 25%) leading the pack of such Chinese companies. The brokerage raised its rating on VNET to "buy" and set a target price of US$5 in the report.
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