Movement Alert｜Lenovo Group Rises 4.83% in Regular Trading, Joining NVIDIA N1X First-Launch Lineup Extends AI-Driven Rally

Market Focus06-02

On June 2, Lenovo Group rose 4.83% in regular trading, trading at HK$27.16/share, with trading volume of HK$1.273 billion, extending its historic rally from May.

On the news front, NVIDIA CEO Jensen Huang announced the new N1X processor co-developed with Microsoft at Computex, with Lenovo confirmed among the first-launch partners for next-generation Windows PCs this fall. Separately, Dell Technologies reported Q1 AI server revenue of US$16.1 billion, surging 757% year-over-year, while raising full-year AI server revenue guidance to US$60 billion, further validating enterprise AI infrastructure demand.

Lenovo itself reported full-year AI-related revenue growth of 105%, accounting for 33% of total revenue, with AI server orders exceeding RMB 140 billion. Goldman Sachs raised its target price to HK$27, citing resilient margins amid rising chip costs and continued ISG expansion. As the world's largest PC maker by shipments with 26.5% market share, Lenovo is positioned as a core beneficiary of the N1X chip rollout and the broader AI PC upgrade cycle.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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