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Lenovo Group Ltd.

24.61

+0.81003.40%

Volume:82.01K

Turnover:2.02M

Market Cap:15.26B

PE:11.59

High:24.75

Open:24.10

Low:24.10

Close:23.80

52wk High:34.21

52wk Low:17.84

Shares:620.23M

Float Shares:439.25M

Volume Ratio:0.21

T/O Rate:0.02%

Dividend:1.00

Dividend Rate:4.07%

EPS(TTM):2.12

EPS(LYR):2.26

ROE:24.17%

ROA:3.27%

PB:2.34

PE(LYR):10.89

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Overview Company News Filings

HP warns US trade regulations, memory chip costs to weigh on annual forecasts

Evaluating Lenovo Group (SEHK:992) After Recent Share Price Swings And A 25% Undervaluation Claim

Simply Wall St.

Deutsche Telekom reports up to 65% energy savings in 5G core network

Lenovo Expands Global R&D with New AI Centers in UK, Saudi Arabia, and Israel

Goldman Sachs Raises Price Target for Lenovo Group to HK$12.53, Keeps Buy Rating

Macquarie Reaffirms Outperform Rating on Lenovo, Raises Target Price to HK$12.93

Lenovo's Memory Costs Likely to Be Less Favorable Than Expected -- Market Talk

Will Record Q3 Sales and Expanding AI Business Change Lenovo Group's (SEHK:992) Narrative

Simply Wall St.

Lyon Securities: LENOVO GROUP (00992) Quarterly Results Exceed Expectations, "Outperform" Rating Maintained

Lenovo Reshapes Infrastructure Group For AI As Shares Trade Below Targets

Simply Wall St.

UOB Kay Hian Slightly Raises Lenovo Group Target Price to HK$9.85 After Solid Q3 Results

Lenovo Shares Climb Nearly 3% Post-Earnings as AI Revenue Soars 72% in Q3

From Participant to Leader: How Lenovo Establishes Gateway Dominance in AI Implementation

Lenovo's Margin Could Stay Resilient -- Market Talk

A Memory-Chip Shortage Is Squeezing Consumer Tech -- and It's Set to Get Worse -- WSJ

Lenovo CFO Winston Zheng on Memory Price Surge, AI Competition, and Valuation Reassessment

US STOCKS-Wall Street sinks as tech rout deepens on AI angst

Micron's stock climbs on this fresh sign of booming memory prices

US STOCKS-Wall St on track to open higher as markets parse economic data

Shares of US PC Makers Fall Premarket After China's Lenovo Warns of PC Shipment Pressure From Memory Shortage

THOMSON REUTERS

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With the stock recently closing at HK$9.37 and multi year returns still positive, many holders are reassessing how its current valuation lines up with the company’s earnings profile and growth in both revenue and net income.\nSee our latest analysis for Lenovo Group.\nRecent moves...","market":"sg","thumbnail":"https://images.simplywall.st/asset/industry/9621091-choice2-main-header/1585186855318","type":0,"news_type":0,"thumbnails":["https://images.simplywall.st/asset/industry/9621091-choice2-main-header/1585186855318"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/hk/tech/hkg-992/lenovo-group-shares/news/evaluating-lenovo-group-sehk992-after-recent-share-price-swi","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://simplywall.st/stocks/hk/tech/hkg-992/lenovo-group-shares/news/evaluating-lenovo-group-sehk992-after-recent-share-price-swi","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"simplywall_highlight","symbols":["HK0000320264.USD","HK0000306701.USD","LU0791590937.USD","IE0032431581.USD","HK0000320223.HKD","LNVGY","LU0572940350.SGD","LU0791591158.USD","LU0264606111.USD","LU1046422090.SGD","LU1267930227.SGD","LU0052756011.USD","LU1235295612.USD","00992","LU2242644610.SGD","LU0049112450.USD","HK0000306685.HKD","BK1193","LU0572939691.SGD","80992","LU1366334651.USD","IE00B0JY6N72.USD","LU0310800965.SGD","LU1366334578.USD","BK1526","IE0034224299.USD","BK1607","LU0128525689.USD"],"gpt_icon":0},{"id":"2613786505","title":"Deutsche Telekom reports up to 65% energy savings in 5G core network","url":"https://stock-news.laohu8.com/highlight/detail?id=2613786505","media":"Reuters","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2613786505?lang=en_us&edition=fundamental","pubTime":"2026-02-23 19:05","pubTimestamp":1771844753,"startTime":"0","endTime":"0","summary":"Deutsche Telekom said it achieved up to 65% energy savings in its 5G mobile core network in initial live tests by using demand-driven control of network resources and hardware optimization across software and hardware layers. The company said the approach, which it calls “Full Stack Energy Efficiency,” was developed with partners including Lenovo, HPE, AMD and Mavenir and will be rolled out in further steps. Deutsche Telekom also said it plans to add AI-based algorithms to predict traffic and adjust network components to reduce energy use.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Deutsche Telekom AG published the original content used to generate this news brief on February 23, 2026, and is solely responsible for the information ","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260223:nNDLGNDmY:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU1366334651.USD","BK1526","LU0791591158.USD","HK0000306701.USD","LU0264606111.USD","80992","LU0049112450.USD","LU0310800965.SGD","BK1607","BK1193","LU1366334578.USD","LU0128525689.USD","00992","LU1046422090.SGD","LU1267930227.SGD","LU0572939691.SGD","LU2242644610.SGD","LU0572940350.SGD","LU1235295612.USD","LNVGY","HK0000320223.HKD","IE00B0JY6N72.USD","IE0034224299.USD","HK0000306685.HKD","IE0032431581.USD","LU0052756011.USD","LU0791590937.USD","HK0000320264.USD"],"gpt_icon":0},{"id":"2611102771","title":"Lenovo Expands Global R&D with New AI Centers in UK, Saudi Arabia, and Israel","url":"https://stock-news.laohu8.com/highlight/detail?id=2611102771","media":"Reuters","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2611102771?lang=en_us&edition=fundamental","pubTime":"2026-02-16 17:46","pubTimestamp":1771235167,"startTime":"0","endTime":"0","summary":"Lenovo Group Limited has announced a significant expansion of its global Research & Development (R&D) footprint, establishing new AI innovation centers in Edinburgh and London, United Kingdom, and a new lab set to open in Riyadh, Saudi Arabia, later this year. Additionally, Lenovo has opened a Digital Trust Lab in Tel Aviv, Israel. These new facilities form the Lenovo AI Technology Center  and Digital Trust ecosystem, aimed at advancing Lenovo’s hybrid-AI vision. The expansion is part of a broader strategy to accelerate AI-powered computing, focusing on the real-world deployment of foundation models and trustworthy innovation under the leadership of Lenovo’s Chief Technology Officer Dr. Tolga Kurtoglu and LATC head Dr. Anwar Ghuloum.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpret","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260216:nNDL9HbCYk:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IE00B0JY6N72.USD","BK1607","LU0791591158.USD","LU2242644610.SGD","LU0264606111.USD","LU1046422090.SGD","LU0572940350.SGD","LU0049112450.USD","LU0052756011.USD","00992","HK0000320223.HKD","HK0000306685.HKD","IE0032431581.USD","IE0034224299.USD","BK1193","LU0310800965.SGD","LU1366334651.USD","LU1366334578.USD","HK0000306701.USD","BK1526","80992","LU1267930227.SGD","LU0572939691.SGD","LU1235295612.USD","HK0000320264.USD","LU0128525689.USD","LNVGY","LU0791590937.USD"],"gpt_icon":0},{"id":"1197250277","title":"Goldman Sachs Raises Price Target for Lenovo Group to HK$12.53, Keeps Buy Rating","url":"https://stock-news.laohu8.com/highlight/detail?id=1197250277","media":"Stock News","labels":["express"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1197250277?lang=en_us&edition=fundamental","pubTime":"2026-02-16 15:40","pubTimestamp":1771227615,"startTime":"0","endTime":"0","summary":"Goldman Sachs has issued a research report incorporating Lenovo Group's (00992) fiscal 2026 third-quarter results into its assessment. The firm has kept its forecasts for fiscal years 2027 to 2029...","market":"nz","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"express","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1193","BK1526","00992","LU0572939691.SGD","HK0000306685.HKD","HK0000320223.HKD","HK0000320264.USD","IE0034224299.USD","80992","LU1235295612.USD","LU0052756011.USD","LU0049112450.USD","IE0032431581.USD","BK1607","LU2242644610.SGD","LU1046422090.SGD","HK0000306701.USD","LU1267930227.SGD","LU1366334651.USD","LU0791590937.USD","IE00B0JY6N72.USD","LU0572940350.SGD","LU0310800965.SGD","LNVGY","LU0264606111.USD","LU0128525689.USD","LU1366334578.USD","LU0791591158.USD"],"gpt_icon":0},{"id":"1116501723","title":"Macquarie Reaffirms Outperform Rating on Lenovo, Raises Target Price to HK$12.93","url":"https://stock-news.laohu8.com/highlight/detail?id=1116501723","media":"Stock News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1116501723?lang=en_us&edition=fundamental","pubTime":"2026-02-16 14:50","pubTimestamp":1771224621,"startTime":"0","endTime":"0","summary":"Macquarie released a research report stating that Lenovo Group (00992) aims to increase its market share by 2026 through innovation and a premium product portfolio, driving revenue growth in its...","market":"nz","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IE00B0JY6N72.USD","BK1607","LU0791591158.USD","LU2242644610.SGD","LU0264606111.USD","LU1046422090.SGD","LU0572940350.SGD","LU0049112450.USD","LU0052756011.USD","00992","HK0000320223.HKD","HK0000306685.HKD","IE0032431581.USD","IE0034224299.USD","BK1193","LU0310800965.SGD","LU1366334651.USD","LU1366334578.USD","HK0000306701.USD","BK1526","80992","LU1267930227.SGD","LU0572939691.SGD","LU1235295612.USD","HK0000320264.USD","LU0128525689.USD","LNVGY","LU0791590937.USD"],"gpt_icon":0},{"id":"2611717022","title":"Lenovo's Memory Costs Likely to Be Less Favorable Than Expected -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2611717022","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2611717022?lang=en_us&edition=fundamental","pubTime":"2026-02-16 11:29","pubTimestamp":1771212540,"startTime":"0","endTime":"0","summary":"0329 GMT - Lenovo's upcoming memory costs are likely to be less favorable than expected, Morningstar analyst Jing Jie Yu says in a research note. The PC maker may have to hike prices further to reduce the impact of memory costs on margins, the analyst says. Morningstar sees little relief in PC memory costs and prices in the next two years, which would weigh on PC shipments. Meanwhile, despite guiding for a turnaround as soon as the first(?) fiscal quarter, the analyst thinks it's unlikely for Lenovo's infrastructure business to be accretive to Lneovo's profits in the long run. The company assemblies externally sourced server and storage components, giving it limited pricing power, she notes. Shares are last 0.5% lower at HK$9.21. 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AI Business Change Lenovo Group's (SEHK:992) Narrative","url":"https://stock-news.laohu8.com/highlight/detail?id=2611103611","media":"Simply Wall St.","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2611103611?lang=en_us&edition=fundamental","pubTime":"2026-02-16 11:23","pubTimestamp":1771212232,"startTime":"0","endTime":"0","summary":"Lenovo Group recently reported third-quarter 2025/26 results showing record sales of US$22,204.33 million, alongside lower quarterly net income of US$545.54 million, while nine‑month profits edged higher year on year to US$1.39 billion.\nAt the same time, Lenovo highlighted rapid growth in AI‑related revenue, restructured its Infrastructure Solutions Group for long-term AI opportunities, and launched new ThinkSmart–Huddly meeting solutions to deepen its presence in AI‑enabled...","market":"nz","thumbnail":"https://images.simplywall.st/asset/industry/9621091-choice2-main-header/1585186855318","type":0,"news_type":0,"thumbnails":["https://images.simplywall.st/asset/industry/9621091-choice2-main-header/1585186855318"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/hk/tech/hkg-992/lenovo-group-shares/news/will-record-q3-sales-and-expanding-ai-business-change-lenovo","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://simplywall.st/stocks/hk/tech/hkg-992/lenovo-group-shares/news/will-record-q3-sales-and-expanding-ai-business-change-lenovo","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"simplywall_highlight","symbols":["HK0000320264.USD","LU0310800965.SGD","BK4587","00992","LU1366334578.USD","BK4588","LU1235295612.USD","IE0032431581.USD","BK1193","BK4543","BK4528","LU1267930227.SGD","LU0264606111.USD","LU0791590937.USD","BK4551","LU1046422090.SGD","LU1366334651.USD","LU0572940350.SGD","LNVGY","BK1526","80992","BK4023","HK0000306685.HKD","HK0000306701.USD","BK1607","LU0052756011.USD","LU0572939691.SGD","LU0128525689.USD","IE0034224299.USD","IE00B0JY6N72.USD","LU2242644610.SGD","BK4585","LU0049112450.USD","AI","LU0791591158.USD","HK0000320223.HKD"],"gpt_icon":0},{"id":"1104109429","title":"Lyon Securities: LENOVO GROUP (00992) Quarterly Results Exceed Expectations, \"Outperform\" Rating Maintained","url":"https://stock-news.laohu8.com/highlight/detail?id=1104109429","media":"Stock News","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1104109429?lang=en_us&edition=fundamental","pubTime":"2026-02-16 10:14","pubTimestamp":1771208065,"startTime":"0","endTime":"0","summary":"Lyon Securities has released a research report indicating that, based on robust PC margins and rising average selling prices, it has raised its forecast for LENOVO GROUP's (00992) non-Hong 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Targets","url":"https://stock-news.laohu8.com/highlight/detail?id=2611128563","media":"Simply Wall St.","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2611128563?lang=en_us&edition=fundamental","pubTime":"2026-02-15 10:28","pubTimestamp":1771122538,"startTime":"0","endTime":"0","summary":"Lenovo Group (SEHK:992) is restructuring its Infrastructure Solutions Group to place greater emphasis on AI driven offerings.\nThe company is expanding AI centric products and services while dealing with an industry wide crunch in memory chip supply.\nManagement is prioritizing cost savings and new AI enabled hardware and infrastructure solutions to adapt its operations and product mix.\n\nFor you as an investor, the key point is that Lenovo is reshaping a core infrastructure business around AI...","market":"hk","thumbnail":"https://images.simplywall.st/asset/industry/9621091-choice2-main-header/1585186855318","type":0,"news_type":0,"thumbnails":["https://images.simplywall.st/asset/industry/9621091-choice2-main-header/1585186855318"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/hk/tech/hkg-992/lenovo-group-shares/news/lenovo-reshapes-infrastructure-group-for-ai-as-shares-trade","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://simplywall.st/stocks/hk/tech/hkg-992/lenovo-group-shares/news/lenovo-reshapes-infrastructure-group-for-ai-as-shares-trade","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"simplywall_highlight","symbols":["LU0572939691.SGD","BK1526","LU0791590937.USD","LU1046422090.SGD","LU1267930227.SGD","HK0000320264.USD","IE00B0JY6N72.USD","BK4551","LU0128525689.USD","BK1193","BK4543","LU0791591158.USD","BK4585","BK4023","HK0000320223.HKD","LU0052756011.USD","AI","LU1366334578.USD","LU1235295612.USD","LU0310800965.SGD","LU0049112450.USD","LU1366334651.USD","LU0264606111.USD","BK4587","IE0032431581.USD","LNVGY","LU0572940350.SGD","LU2242644610.SGD","80992","HK0000306685.HKD","BK4528","00992","HK0000306701.USD","BK1607","IE0034224299.USD","BK4588"],"gpt_icon":0},{"id":"1158147409","title":"UOB 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At the time of writing, the stock was up 2.56%, trading at HK$9.23, with a turnover of HK$904...","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0310800965.SGD","HK0000320223.HKD","00992","HK0000306685.HKD","IE0032431581.USD","LU1366334578.USD","VT","LU0128525689.USD","LU0049112450.USD","LU0791590937.USD","LU0572940350.SGD","VXUS","IE0034224299.USD","LU1235295612.USD","BK4585","LU0791591158.USD","LU0052756011.USD","80992","LU1366334651.USD","LU1046422090.SGD","LU0572939691.SGD","BK1607","IE00B0JY6N72.USD","LNVGY","LU2242644610.SGD","BK4588","BK1526","LU0264606111.USD","BK1193","HK0000306701.USD","HK0000320264.USD","LU1267930227.SGD"],"gpt_icon":0},{"id":"1118725640","title":"From Participant to Leader: How Lenovo Establishes Gateway Dominance in AI Implementation","url":"https://stock-news.laohu8.com/highlight/detail?id=1118725640","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1118725640?lang=en_us&edition=fundamental","pubTime":"2026-02-13 12:51","pubTimestamp":1770958295,"startTime":"0","endTime":"0","summary":"The Year of the Red Horse approaches in 2026. Four years after the AI frenzy swept the globe, the industry is quietly entering a new phase: shifting from the capital-intensive competition of model...","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["HK0000306701.USD","LU1366334578.USD","LU1366334651.USD","HK0000320223.HKD","LU0052756011.USD","LU0791591158.USD","LU0572939691.SGD","IE0034224299.USD","LU0572940350.SGD","LU0049112450.USD","HK0000306685.HKD","HK0000320264.USD","LU1046422090.SGD","LU0310800965.SGD","00992","LU1235295612.USD","LNVGY","IE00B0JY6N72.USD","LU1267930227.SGD","LU0791590937.USD","BK1526","LU0264606111.USD","LU2242644610.SGD","80992","IE0032431581.USD","BK1193","BK1607","LU0128525689.USD"],"gpt_icon":0},{"id":"2611185764","title":"Lenovo's Margin Could Stay Resilient -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2611185764","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2611185764?lang=en_us&edition=fundamental","pubTime":"2026-02-13 11:35","pubTimestamp":1770953700,"startTime":"0","endTime":"0","summary":"0335 GMT - Lenovo's margins could remain resilient despite higher component costs, CGS International's Summer Wang says in a research note. The analyst expects Lenovo's 2026 PC shipments to fall 5% as consumer demand weakens on rising PC prices amid component cost pressures. The Windows 10 end-of-support upgrade cycle may provide some support to shipments. Lenovo's PC pretax income margin could remain stable at 6.8%-7% in fiscal 2027 and 2028, supported by higher selling prices as AI PC shipments make up a bigger share of the product mix, the analyst adds. CGS International maintains a buy call but lowers its target price to HK$12.00 from HK$12.60. Shares rise 1.8% to HK$9.16. 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Chinese smartphone maker Xiaomi recently discontinued the lower-memory variant of its new midtier device and raised prices. 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CNBC reported that a new tool from AI company Algorhythm Holdings 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stock climbs on this fresh sign of booming memory prices","url":"https://stock-news.laohu8.com/highlight/detail?id=2610978853","media":"Dow Jones","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2610978853?lang=en_us&edition=fundamental","pubTime":"2026-02-12 23:28","pubTimestamp":1770910080,"startTime":"0","endTime":"0","summary":"Lenovo said memory prices went up 40% to 50% in the last quarter - and they could double this quarter. Micron's stock was up about 4% on Thursday morning.Micron Technology investors just got another sign of the strong pricing power that memory-chip companies have right now.Personal-computer maker Lenovo Group  said Thursday it expects worldwide memory-supply constraints to continue throughout the year, as it reported that net income for the December quarter fell 21% from the previous year.Lenovo CEO Yang Yuanqing told Bloomberg that the memory supply shortage \"is not simply a short-term fluctuation.\" The price of memory went up by 40% to 50% in the last quarter for the PC giant, he said. In the current quarter, Yang told the publication that its contract price could double.Micron's stock was up 4% on Thursday morning following the comments. The company supplies Lenovo with dynamic random-access memory components for its PCs.The supply-and-demand imbalance has allowed memory and 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Wall Street was set for a higher open on Thursday, a day after robust jobs growth and a drop in unemployment eased worries about the U.S. economy, with investors turning their focus on a slew of company earnings.Traders took comfort from signs of a resilient economy despite dialing back bets on interest-rate cuts after the data was released. At least one reduction is still expected in June, but chances of the U.S. Federal Reserve holding borrowing costs steady have risen to almost 40% from 24.8% earlier, according to CME Group's FedWatch tool.Weekly jobless claims data showed the number of Americans filing new applications for 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