VNET Group: Oversold Tech Stock
This is a US news story, published by Yahoo Finance, that relates primarily to VNET news.
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VNET Group, Inc. (VNET): Among the Oversold Tech Stocks to Buy According to Hedge Funds
80% Informative
VNET Group, Inc. ( NASDAQ : VNET ) stands against other oversold tech stocks to buy according to hedge funds.
The technology sector has consistently outperformed the broad US market since the aftermath of the 2008 financial crisis.
Technology stocks tend to perform well during economic expansions and periods of low interest rates.
During such periods, tech companies trade at hyper-expensive valuations.
VNET Group, Inc. ( NASDAQ : VNET ) is a Chinese cloud services provider that offers managed hosting, cloud, and VPN services.
The company operates over 50 data centers across more than 30 cities and has also developed AI supercomputing clusters.
VNET ranks 11th on our list of oversold tech stocks to buy according to hedge funds.
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