Lenovo Group's stock price surged over 6% on Tuesday, following news of a significant partnership in the artificial intelligence hardware space.

The sharp rise is attributed to an announcement that Lenovo will be among the manufacturers working with Nvidia to build new laptops powered by the chipmaker's newly designed AI chips. This collaboration positions Lenovo to capitalize on the growing market for AI-powered personal computers.

The news triggered positive sentiment for several PC makers, with shares of other companies involved in the Nvidia initiative also rallying in their respective markets.