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.
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