The Zhitong Finance App learned that Lenovo Group (00992) rose more than 7%. As of press release, it had risen 6.7% to HK$23.88, with a turnover of HK$1,379 billion.

According to the news, AI giant Anthropic recently officially submitted an IPO application, rekindling investors' confidence in the AI narrative; Meta's $25 billion common stock offering was actively subscribed by investors, and subscription demand reached about five times the number of shares available for issuance, indicating that investors' enthusiasm for AI investment has not diminished. Furthermore, Chase Lochmiller, CEO of American AI data center developer Crusoe, said at an investment conference held in Dallas that the market's recent sell-off of “new cloud” companies was overreacting, and insisted that demand for AI computing power is still strong.

It is worth noting that Lenovo Group will announce the results for the second fiscal quarter of the 2027 fiscal year on November 19. Bank of America Securities expects strong performance of Lenovo Group in the second quarter of fiscal year 2027, and the Infrastructure Solutions Business Group (ISG) revenue and profit margin are expected to exceed expectations. Morgan Stanley predicts that Lenovo Group's total revenue for the quarter will reach US$28.6 billion, up 40% year on year and up 6% month on month; adjusted net profit is expected to reach US$1,281 billion, up 150% year on year and 19% month on month.

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