Lenovo shares tumbles in Hong Kong after banks cut target prices on earnings results
Lenovo shares tumbles in Hong Kong after banks cut target prices on earnings results

Lenovo shares tumbles in Hong Kong after banks cut target prices on earnings results

 

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The world's largest PC maker Lenovo Group tumbled tumbled as much as more than 9% in Hong Kong to hit a low of HK$8.02.

Lenovo posted its first revenue gain since 2022 on higher sales of its main products and forecast stronger PC demand in the second half of 2024 amid rising enthusiasm for artificial intelligence-powered technologies. Revenue in the December quarter rose 3% from a year ago to $15.72 . . .

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