According to the SMARTETRADER news app, Lenovo Group (00992) rose more than 3% and as of the time of publication, the increase was 3.54%, at HKD 10.54, with a turnover of HKD 0.222 billion.

On the news front, according to preliminary data from Counterpoint, global PC shipments increased by 3.1% YoY in Q2 2024, reaching 62.5 million units. This is also the second consecutive quarter of YoY growth in PC market shipments. The report states that this growth is mainly driven by product upgrade cycles and AI PCs, with Lenovo still holding a leading position among PC vendors with a market share of 23.6% and a YoY shipment growth of about 4%.

Earlier, Morgan Stanley released a report stating that its positive view on AI PCs remained unchanged, and it still predicted a 2% adoption rate of AI PCs by 2024, which would increase to about 65% by 2028. Morgan Stanley said that Lenovo remains their top recommended stock. Minsheng Securities believes that as a leader in the PC and server industry, the company has strong global competitiveness, and is bullish on its long-term growth as a full-stack AI-driven company.