Changes in Hong Kong stocks | Lenovo Group (00992) rose more than 4% in the intraday period, PC prices may continue to rise under the AI boom, company executives actively target Dell

The Zhitong Finance App learned that Lenovo Group (00992) rose more than 4% intraday. As of press release, it rose 2.29% to HK$36.56, with a turnover of HK$1,933 billion.

According to the news, recently Michael Dell, CEO of Dell Technology Group, told investors that under the artificial intelligence boom, the prices of computing power devices and personal computers will continue to rise, and the “structural shortage” problem of hardware chips is likely to worsen further in 2027.

Notably, Zheng Xiaoming, senior vice president and chief financial officer of Lenovo Group, recently stated bluntly that Lenovo's valuation is about one-seventh of Dell's, yet our revenue and net profit are not 7 times different. We are completely underestimated by the market in this regard. He stressed that Lenovo's long-term net interest rate could see 5% to 8% in the future, in line with Dell's profit level.