Lenovo Future Hinges On Four Letters: AI PC [Seeking Alpha]
LENOVO GROUP LTD S/ADR (LNVGY)
NASDAQ:AMEX Investor Relations:
www3.lenovo.com/us/en/lenovo/investor_relations
Company Research
Source: Seeking Alpha
The PC maker expects its new AI PC models to fuel its next revenue boom. Shares of Lenovo Group Ltd. were under fire last month after it announced its latest results for its third fiscal quarter through December. Shares of Lenovo Group Ltd. (0992.HK) were under fire last month after it announced its latest results for its third fiscal quarter through December. The stock fell as much as 9.3% at one point in the next trading day, though it later pared some of those losses and ultimately closed down 3.3% at HK$8.55 for the day. Still, the loss made Lenovo a blue-chip dog for the day, behind only local developer Wharf Real Estate (1997.HK). So, why all the jitters? After all, the PC giant pointed out its revenue of $15.7 billion for the three months to December was up sequentially for a third consecutive quarter, while its $337 million profit was up 35% from the previous quarter. But the picture wasn't quite as rosy on a year-over-year basis, with the latest revenue figure up jus
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