Lenovo’s Profit Beats Estimates as AI Fuels PC Recovery Hopes
(Bloomberg) — Lenovo Group Ltd.’s quarterly profit beat projections, highlighting how AI infrastructure spending is helping pull the global PC market out of a years-long funk. Net income more than doubled to $692.7 million in the December quarter. That compares with an average estimate of $365 million. Revenue rose 20% to $18.8 billion, also beating … Read more