Streetbeat News

LNVGY

Lenovo Group Ltd.

https://www.lenovo.com

CEO

Yuanqing Yang

Open

24.00

Mkt cap

15B

Volume

1.4K

High

24.00

P/E Ratio

12.55

52-wk high

31.82

Low

23.40

Div yield

0.04

52-wk low

19.79

Lenovo is expanding its AI capabilities outside China by collaborating with Meta and Nvidia. The company introduced AI Now, a personal AI assistant, and announced a partnership with Nvidia for enterprise AI solutions. Lenovo aims to mitigate geopolitical risks and improve supply chain efficiency through AI.

Portfolio Pulse from Anusuya Lahiri

October 16, 2024 | 6:39 pm

Lenovo has been named the official technology partner for the FIFA World Cup 2026 and FIFA Women's World Cup 2027. The partnership was announced at Lenovo's Tech World event and includes providing AI innovations, devices, and data center infrastructure to enhance fan experiences and broadcasts.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 6:22 am

Piper Sandler upgraded SentinelOne (NYSE:S) from Neutral to Overweight, raising the price target from $25 to $32, citing three catalysts: expanded partnership with Lenovo, potential gains from CrowdStrike's issues, and growth in Purple AI. SentinelOne shares rose 2.84% to $26.44.

Portfolio Pulse from Priya Nigam

October 14, 2024 | 3:47 pm

Lenovo is expanding its AI server production in India, aiming to export a significant portion to the Asia-Pacific region. The AI server market is growing rapidly, but Super Micro Computer faces scrutiny over accounting issues, impacting its stock. Analysts see potential in Dell's AI server margins.

Portfolio Pulse from Anusuya Lahiri

September 18, 2024 | 2:20 pm

SentinelOne and Lenovo have announced a multi-year collaboration to integrate SentinelOne's AI-powered security platform into millions of Lenovo PCs. This partnership aims to enhance Lenovo's ThinkShield security portfolio and protect devices from modern cyber threats.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 1:05 pm

Lenovo Group reported a significant increase in its Q1 earnings per share (EPS) to $1.92 from $1.43 year-over-year (YoY), and revenue rose to $15.447 billion from $12.9 billion YoY.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 6:48 am

The U.S. International Trade Commission (USITC) has initiated an investigation into certain NAND memory devices and electronic devices containing them, based on a complaint by MimirIP LLC. The investigation targets several companies, including Micron Technology Inc., HP Inc., Kingston Technology Company Inc., and Lenovo Group Limited. The USITC will determine if there are violations of section 337 of the Tariff Act of 1930.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 3:00 pm

JinkoSolar (NYSE:JKS) announced a $1 billion joint venture in Saudi Arabia to produce 10 GW of solar cells and modules annually. This move aims to bypass Western protectionism and aligns with Saudi Arabia's green energy goals. Despite a 7.3% stock rise, JinkoSolar faces bearish analyst ratings and financial challenges due to global price wars and overcapacity.

Portfolio Pulse from The Bamboo Works

July 17, 2024 | 2:25 pm

Qualcomm Inc (QCOM) has announced new chips that promise unprecedented battery life for PCs, particularly those incorporating advanced AI features. These chips will be used in Microsoft's (MSFT) latest Copilot+ PCs. Qualcomm aims to reduce the PC sector's reliance on Intel (INTC) and diversify its revenue sources. The new Qualcomm-powered laptops will be featured in Microsoft's Surface line and products from partners like Lenovo, Dell, and Asustek. Qualcomm's stock has gained 81% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

June 03, 2024 | 1:57 pm

Lenovo and Cisco have announced a global partnership to provide integrated infrastructure and networking solutions aimed at accelerating digital transformation.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:03 pm

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