The Zhitong Finance App learned that Lenovo Group (00992) rebounded by more than 4%. As of press release, it had risen 4.12% to HK$26.3, with a turnover of HK$492 million.

According to the news, the latest financial reports released by SpaceX and Ultramicrocomputer all exceeded market expectations, boosting the market's confidence in AI transactions. In the third quarter, SpaceX's AI revenue increased more than 9 times year over year, reaching 7.56 billion US dollars, becoming the company's largest source of revenue for the first time. Ultramicrocomputer's revenue for the quarter ending September 30 is expected to soar 279% year over year, up about 27% from previous guidance, and gross margin to 12%-12.5%. Boosted by this, the US stock AI trading concept surged after the market. Dell Technology rose more than 6%, and the emerging cloud computing company CoreWeave rose more than 4%.

Citi pointed out a few days ago that recent market concerns about highly leveraged AI infrastructure operators have caused fluctuations in the AI supply chain, but Lenovo Group's direct exposure to new high-risk cloud customers is still limited. Coupled with sound risk control and comprehensive accounts receivable insurance, it can ease balance sheet concerns. The bank expects ISG to continue to be the main profit engine. Revenue for the second fiscal quarter increased 135% year over year, and operating profit margin remained at 9%.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.