Lenovo’s 60% rally may extend as AI adds to optimism

Lenovo’s surge was part of a broader rally among its peers amid signs that a post-pandemic industry slump may have finally ended. — Reuters

HONG KONG: A three-month rally in Lenovo Group Ltd shares may have legs, thanks to signs of a global demand recovery for personal computers and enthusiasm about the Chinese firm’s products tied to artificial intelligence (AI).

The world’s top PC maker’s stock in Hong Kong has risen over 30% from a mid-October low, making it the best performer in the Hang Seng Tech Index during the period.