Changes in Hong Kong stocks | Lenovo Group (00992) rose more than 4% in the intraday period, Dell's earnings report exceeded expectations and raised full-year guidance sharply

The Zhitong Finance App learned that Lenovo Group (00992) rose more than 4% in the intraday period. As of press release, it had risen 3.2% to HK$31.58, with a turnover of HK$600 million.

According to the news, benefiting from strong demand for artificial intelligence servers, Dell's Q2 revenue reached a record high, and the annual revenue forecast was drastically raised. Overnight, the stock price skyrocketed 15.81%. According to Dell's results for the second quarter of fiscal year 2027, the company's revenue for the quarter reached 47 billion US dollars, an increase of 58% over the previous year, a record high. At the same time, Dell drastically raised its revenue guidance for the full year of fiscal year 2027 to $1920 billion. It is worth noting that the company's AI server order amount reached a record 60.9 billion US dollars during the quarter, and the backlog of AI server orders reached 95 billion US dollars at the end of the quarter.

Lenovo's first fiscal quarter results released last month showed that the company's AI business is growing rapidly and orders are plentiful. Its AI server reserve order increased sharply from 140 billion yuan in the previous fiscal quarter to 360 billion yuan. Revenue from AI-related businesses increased 60% year over year to 63.4 billion yuan, a record high, accounting for about 35% of the Group's overall revenue; AI service revenue increased 141% year over year. According to Open Source Securities, the sharp rise in AI server volume and price is driving simultaneous improvements in profitability, and industry chain dividends are expected to continue to be realized.