On September 18, LENOVO GROUP rose 3.5% in regular trading, trading at 35.6 HKD/share with turnover of approximately 570 million HKD, extending its recent strong momentum.

On the news front, LENOVO GROUP CFO Kevin Cheng stated at an AI Investment Summit that the company's market capitalization is only one-seventh of Dell's, calling it severely undervalued by the market. He outlined a long-term net profit margin target of 5%-8%, on par with Dell's profitability level, and indicated the company's revenue target of 100 billion USD could be achieved ahead of schedule. Additionally, the latest IDC data showed LENOVO GROUP's Q2 global x86 server shipments reached 286,000 units, surging 45.6% year-over-year to claim the global top spot for the first time since acquiring IBM's x86 server business. Concurrently, x86 server revenue jumped 96% year-over-year to 8.26 billion USD. The company also confirmed that its 675 million USD 2029 convertible bonds have been fully converted, eliminating potential share dilution uncertainty. Meanwhile, AI-related business revenue hit a record high of 63.4 billion RMB, up 60% year-over-year, with AI server pipeline orders expanding to 360 billion RMB.

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