EconomyLenovo revenue jumps 43% as AI boom fuels growth
Lenovo reported quarterly revenue of $26.94 billion, up 43% and ahead of forecasts, sending its shares 22% higher. AI-related revenue rose 60% to $9.3 billion, while its AI server pipeline grew 157% quarter-on-quarter to $54 billion. The company said it had successfully managed memory-chip shortages and costs, and has raised PC prices twice this year.
Lenovo revenue jumps 43% as AI boom fuels growth
Economy