Dell Technologies shares rose around 2% on Thursday after Chinese competitor Lenovo Group reported its AI server pipeline surged 157% quarter over quarter to $54 billion. The figure reinforces evidence of strong AI infrastructure spending across the industry. Lenovo posted record quarterly revenue of $26.9 billion, up 43% year over year. Its Infrastructure Solutions Group nearly doubled revenue to $8.5 billion, whilst AI-related revenue rose 60% to $9.3 billion. The results follow a bullish signal from Super Micro Computer earlier this week, which forecast fiscal 2027 revenue of $65 billion to $72 billion, well above consensus estimates. Dell entered its fiscal year with a $43 billion backlog of AI-optimised server orders. Both Dell and Lenovo are major Nvidia server partners. Polymarket traders give Nvidia a 73% chance of ending December as the world's largest company by market capitalisation.

Lenovo shares rallied nearly 20% to a record high today, here's why. Published 08/13/2026, 01:32 AM (C) Reuters. Investing.com - Lenovo stock surged nearly 20% to a record high of HK$31.26 on Thursday after the company released a bumper round of quarterly earnings. Lenovo's fiscal Q1 FY2027 revenue climbed 43% year-over-year to a record $26.9 billion, while adjusted net profit rocketed 176% to $1.075 billion, clearing the $1 billion mark for the very first time. The figures dwarfed the analyst consensus revenue estimate of roughly $22.3 billion, representing a beat of more than 20%, and the adjusted profit result was more than double what the street had modelled. Ahead of the print, Morgan Stanley had already raised its price target to HK$34 from HK$30, maintaining an Overweight rating, arguing that the market was underestimating the strength of Lenovo's AI server order backlog - which stood at approximately $21 billion - as well as the company's ability to convert that pipeline into high-quality earnings. JPMorgan had similarly upgraded the stock to Overweight, pointing to improving server profitability and resilient demand in the Intelligent Devices segment. Both calls proved prescient as the results confirmed accelerating momentum across all three business units. Lenovo largely outpaced a middling performance in the Hang Seng index, which added 0.2%. -43.66 (-0.17%) Closed · 03:59:59 Is now the time to buy 0992? ProPicks AI evaluates 0992 every month against thousands of alternatives using 100+ financial metrics. It found Siemens Energy (+231.5%) and Sandisk (+189%) before the crowd did. Could 0992 be next - or is there a better opportunity in the same space? Don't wait to find out.

Lenovo Group reported a 43% jump in quarterly revenue to $26.94 billion for the three months ending 30 June, surpassing analyst expectations of $22.3 billion. The world's largest computer maker benefited from AI-driven demand and strong PC sales. However, the Chinese company swung to a net loss attributable to shareholders of $609 million, compared with a profit of $505 million in the same period last year. The loss was slightly larger than the average analyst estimate of $589 million, according to LSEG data.