Streetbeat News

LNVGF

Lenovo Group Ltd.

https://www.lenovo.com

CEO

Yuanqing Yang

Industry

Computer Storage Device Manufacturing

Open

1.20

Mkt cap

15B

Volume

9.7K

High

1.20

P/E Ratio

14.62

52-wk high

1.58

Low

1.17

Div yield

0.04

52-wk low

0.83

Lenovo Group Ltd. has introduced the ThinkBook Plus Gen 5 Hybrid at CES 2024, a 2-in-1 laptop that runs both Microsoft's Windows and Google's Android OS. The device switches from a Windows laptop to an Android tablet when the keyboard is detached. It features Intel's Core Ultra 7 processor and Qualcomm's Snapdragon 8 Plus Gen 1 chipset, and is expected to launch in Q2 2024 for $1,999.

Portfolio Pulse from Rounak Jain

January 09, 2024 | 8:23 am

AMD's EVP and GM, Forrest Norrod, at the UBS Annual Technology Conference, highlighted the potential of the MI300 in positioning AMD as a key player in the AI market. He expects AI revenue to surpass $2 billion in 2024, with the MI300 launch being a significant milestone. AMD's market share in North American hyperscalers is above 50%, and it aims to increase its enterprise sector share. Norrod compared AMD's chiplet technology favorably against NVIDIA and discussed compliance with U.S. export regulations for the Chinese market. Partnerships with companies like HPE, Dell, Lenovo, and Supermicro are key, and AMD's software strategy includes collaborations with hyperscalers and open-source initiatives. AMD maintains a strong foundry partnership with TSMC but is open to working with Intel if they catch up. The company targets a 30% plus operating margin over time, supported by investments in AI and other sectors.

Portfolio Pulse from Surbhi Jain

December 04, 2023 | 2:12 pm

NVIDIA Corporation (NASDAQ:NVDA) plans to triple the production of its H100 AI processor in 2024, despite ongoing supply chain disruptions. The company aims to deliver between 1.5 million and 2 million units, up from the 500,000 units expected this year. The move is a response to the high demand for AI processors, which are already sold out well into 2024. However, the tech sector, including major players like Hon Hai Precision Industry Co Ltd (OTC:HNHPF), Lenovo (OTC:LNVGF), and Taiwan Semiconductor Manufacturing Company (NYSE:TSM), continues to face supply chain challenges.

Portfolio Pulse from Ramakrishnan M

August 23, 2023 | 7:08 am

A UK court has ruled that Lenovo must pay interest on the original sum of $138.7 million, increasing its payment obligation to InterDigital to $184.9 million for a license to InterDigital's 3G, 4G, and 5G patents.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 10:01 am

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