Jun. 10 at 11:21 AM
$VNET while adjusted EBIDTA was negative (due to the negative fair value changes: non-operational, non-cash changes) VNET’s core business was EBITDA positive in Q1.
This stock has still considerable lost ground to recover from post-earnings, post-liberation day (-30%).
I believe a fair value would be in
$7,00-
$8,00. If any big announcement come up, such as we have seen with investment updates from
$BABA Qwen3 and DeepSeek, it should push this even further up, volume incoming and a potential short squeeze.