Changes in Hong Kong stocks | Lenovo Group (00992) fell more than 7%, temporarily leading the decline Blue Chip, Intel warns that the PC market will shrink by another 10% next year

The Zhitong Finance App learned that Lenovo Group (00992) fell by more than 7%, temporarily leading the decline in blue-chip stocks. As of press release, it decreased by 6.96% to HK$20.6, with a turnover of HK$2,797 billion.

According to the news, Intel's weak performance outlook reflects poor performance in the PC market. Dell Technology fell nearly 7% after the market, and HP and HPE Technology fell nearly 6%. The company expects the global PC market to shrink by 10% in 2027, and the market has already declined 12% in 2026. Furthermore, the fragmentation in the performance of US tech giants has further heightened market concerns about the AI return cycle.

According to a recent research report by Orient Securities, some investors are concerned that the decline in PC and other market shipments will put pressure on Lenovo's performance. The bank believes that the company is expected to resist the impact of the decline in sales through higher average sales prices, a larger share of high-end products, and a better AIPC product portfolio and procurement scale.