US Stock Market Move | VNET Group, Inc. Sponsored ADR (VNET.US) rose more than 7%. Goldman Sachs Group, Inc.: Most optimistic about cloud and data center sub-industries in the second half of the year.

On Tuesday, VNET Group, Inc. Sponsored ADR (VNET.US) and GDS Holdings Ltd. Sponsored ADR Class A (GDS.US) rose more than 7%, while KINGOFT CLOUD (KC.US) rose more than 5%. In terms of news, Goldman Sachs Group, Inc. predicts that by the end of this year, China's daily token usage will reach 350 trillion (equivalent to 10.5 trillion tokens per month by December 2026). The cloud and data center sub-industry is still the most promising sector for the second half of 2026. Despite the slower expansion of existing capacity and deployment speed in the first quarter, Goldman Sachs Group, Inc. expects that cloud service price increases/continued token expansion will drive cloud growth and profitability, as well as increasing capital expenditures for super-scale cloud operators. The bank now estimates that Bytedance, Baidu Inc. Sponsored ADR Class A, Alibaba and Tencent (BBAT) will have a total capital expenditure of $100 billion in 2026, with a higher proportion in the second half of the year, supporting the accelerated quarterly growth of data centers in the second half of the year.