GJLENOV@EC2609A

SUPERLAND GROUP

OCT (ASIA)

GREAT WORLD

JIAODA WITHUB

CREATIVE CHINA

SMART CITY DEV

DAISHOMICROLINE

RIMBACO

SHENYANG PUBLIC

XUNCE

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00992

LNVGY

Lenovo and FAW Group held an event in Changchun, Jilin, to discuss cooperation in intelligent manufacturing. In the face of the challenges of the intelligent transformation of the manufacturing industry, Lenovo provides technological solutions to help FAW Group enhance its computing power infrastructure and promote high-quality development. During the event, guests visited the China FAW Hongqi Prosperity Factory to gain an in-depth understanding of intelligent automobile manufacturing. Both parties will focus on intelligent operation and maintenance systems and high-performance computing, supporting the research and development of core scenarios and promoting low-carbon development

PingWest

FAW Jiefang

LENOVO GROUP

Lenovo Group

Towards New Dedication, Lenovo Partners with FAW Group to Build New Momentum for Intelligent Manufacturing in the Automotive Industry

36Kr learned that Lenovo Group officially launched the Lenovo Enterprise Lobster Lake solution, which integrates Lenovo's Wanquan heterogeneous computing platform optimized for "lobster," Lenovo Aito WA5480 G3 servers, Lenovo storage, Lenovo data network switches, and other products. It is understood that this solution can achieve "zero hallucination" execution of multi-step complex workflows, with a latency of less than 12ms per word and a cost of less than 1 yuan per million tokens. The solution can support up to 1,000 lobsters concurrently and can output tens of billions of tokens daily at a 4K context length

36Kr

Lenovo Group releases the Enterprise Lobster Lake solution

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On March 26, the three major Hong Kong stock indices collectively retreated, with the HSI closing down 1.89% and the Hang Seng Tech Index falling 3.28%. Market sentiment for taking profits at high levels was strong, with Kuaishou plunging over 14% and Pop Mart dropping more than 10%. The overall market trended toward caution amid macroeconomic external demand pressure and insufficient consumption momentum, with capital concentrating in energy leaders and certain stocks with unusual performance results

- On March 26, Hong Kong's major indices declined, with the Hang Seng Index closing at 24,856.43, down 1.89%.  
- Retail sectors like jewelry and toys struggled due to weak consumer demand, while tech stocks fell significantly, especially Kuaishou, which dropped 14.04%.  
- Investors are focused on economic data related to trade and monitoring the uncertain external environment and its impact on local consumption and risk appetite.

Market Heartbeat

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Hong Kong Stocks Close | HSI Falls 1.89% as Kuaishou and Pop Mart Plunge

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Lenovo pointed out in its F25/26 fiscal year third quarter report that Tianxi AI has achieved an average weekly active user rate of 42% for AI PCs and 61% for AI smartphones. Thanks to Tianxi AI, Lenovo's AI PC sales have increased by over 100% year-on-year, while revenue from AI tablets and AI smartphones has grown by 70% and 30%, respectively. The Tianxi AI ecosystem has attracted nearly 10,000 developers and over 5,000 partners, realizing the transformation from "AI tools" to "AI teammates."

Invesco PHLX Semiconductor ETF

GF Fund CNI Semiconductor Chips ETF

iShares Semiconductor ETF

Guotai CSI Computer Theme ETF

First Trust Nasdaq Food & Semicon

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ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

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Invesco Semiconductors ETF

Invesco S&P 500 Equal Weight Tech ETF

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Tianhong CSI Computer Theme ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

SPDR S&P Semicon

ChinaAMC Guozheng Semiconductor Chip ETF

China Southern CSI Semiconductor Industry Custom ETF

Lenovo: In the third fiscal quarter of FY25/26, the average weekly active user rates of Tianxi AI on Lenovo AI PCs and AI phones reached 42% and 61%, respectively

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Hong Kong stocks are under pressure during the trading session, with all three major indices collectively declining, the Hang Seng Index and the Technology Index both down 1.87%. In terms of sectors, the internet and retailers are leading the decline, with Tencent Holdings falling over 6%, while Xiaomi Group, with a 3.41% increase, is leading against the trend. Market sentiment is cautious, with funds focusing on key price support levels, and the top three trading volumes are Tencent Holdings, Xiaomi Group, and Alibaba

- The Hong Kong stock market is under pressure, with the Hang Seng Index down 1.87% to 25,538.35, failing to reach new highs.  
- Major sectors, particularly internet and retail, are showing declines influenced by technology stocks, while macroeconomic data, especially unemployment rates, are drawing investor attention.  
- Notable stock movements include Tencent Holdings down 6.36% and Alibaba down 3.78%, amid increasing market caution and liquidity concerns.

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SUNNY OPTICAL

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Xiaomi Corporation

Tencent Holdings Limited

Tencent

Hong Kong stocks intraday | Three major indices fell, Tencent dropped over 6%, Xiaomi rose against the trend by 3.41%

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On March 19th, Lenovo released Tianxi AI Claw. It is understood that Tianxi AI Claw enables zero-threshold deployment and usage, and with the support of a hybrid cloud architecture, it provides 24/7 cross-end companionship. In addition, Tianxi AI Claw operates on an independent cloud host and is supplemented by data security

GF Fund CNI Information Technology Innovation Theme ETF

Lenovo released Tianxi AI Claw, which enables zero-threshold deployment and usage

NVDU

NVDX

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Lenovo Group (SEHK:992) has expanded its Hybrid AI solutions with NVIDIA, introducing new platforms and AI cloud infrastructure. Despite these advancements, Lenovo's share price is at HK$9.61, reflecting a 3.33% return over the past month and a 16.39% decline over the past year. The company's strategic shift towards services is generating higher-margin revenue, with a fair value estimated at HK$12.51, indicating it may be undervalued. However, risks such as rising memory costs and heavy spending could impact future growth. Investors are encouraged to explore other AI infrastructure opportunities.

Simplywall

Direxion Daily NVDA Bull 2X Shares

T-Rex 2X Long NVIDIA Daily Target ETF

GraniteShares 2x Long NVDA Daily ETF

NVIDIA

A Look At Lenovo Group’s Valuation As NVIDIA Hybrid AI Partnership Expands

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Below is Dolphin Research's Trans from NVDA's GTC 2026 analyst session. For our readout on the GTC conference, see 'NVDA GTC: The AI gala—high hopes, letdown?'. I. $NVIDIA(NVDA.US) analyst session key takeaways.1) Demand outlook: Committed demand for Blackwell + Rubin through end-2027 exceeds $1tn (POs and firm commitments), excluding new products such as Rubin Ultra, Feyn, a standalone Vera CPU, and Groq. Orders are expected to continue building on this base...

NVDA (Analyst Huddle): IT to become token distributors; 50% of CF to shareholder returns

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At the NVIDIA GTC conference on March 16, NVIDIA CEO Jensen Huang told Lenovo Group Chairman and CEO Yang Yuanqing, "This year will be your year, I can feel it."

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iShares Expanded Tech Software Sector ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

YieldMax NVDA Option Income Strategy ETF

SPDR S&P Software

Direxion Semicon Bull 3X

Guotai CES Semiconductor Chip Industry ETF

Jensen Huang stated to Yang Yuanqing at GTC, "This year belongs to you."

Lenovo Group announced at the NVIDIA GTC Global Developer Conference that it has become the global launch partner for the Vera Rubin NVL72, introducing a fully liquid-cooled AI system that enhances performance and cost-effectiveness. The new system integrates 72 Rubin GPUs and 36 Vera CPUs, achieving a 10-fold increase in inference throughput and reducing the cost per token to 1/10 of the previous generation. Lenovo also launched the NVIDIA HGX™ Rubin NVL8 system and partnered with Nscale to support large-scale AI deployments. This move further solidifies Lenovo's position in NVIDIA's AI infrastructure

Lenovo Group debuted at GTC as the global launch partner for Vera Rubin

SmartMore plans to go public on the Hong Kong Stock Exchange, with an annual revenue of 1.086 billion and a net loss of 1 billion, valuing the company at 1.2 billion USD. The company focuses on industrial AI intelligent body products and has served over 730 enterprises worldwide. The prospectus shows that the expected revenues for 2023, 2024, and 2025 are 485 million, 756 million, and 1.086 billion respectively, with gross margins increasing year by year. Despite ongoing operational losses, SmartMore has a presence in multiple industries and technology research and development centers around the globe

雷帝触网

Simao Technology rushes to the Hong Kong stock market: annual revenue of 1.1 billion, loss of 1 billion, valuation of 1.2 billion USD, IDG and Lenovo are shareholders

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NVIDIA founder and CEO Jensen Huang stated that AI has entered the production era, and companies need to build systems for real-time generative intelligence. As AI entities gain reasoning, planning, and action capabilities, the future demand for accelerated computing, software, and AI factories will increase significantly. Lenovo and NVIDIA are collaborating to deliver a full-stack platform to meet future demands

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Direxion Daily NVDA Bear 1X ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

Conference Minutes

Vera Therapeutics

Avino Silver & Gold Mines

Dell Tech

Autonation

LENOVO GROUP-R

Nvidia’s new N1 and N1X chips will soon be out in consumer laptops from Dell and Lenovo, media report, noting the Arm-based chips with integrated Nvidia RTX-series (Blackwell) GPUs are made for Windows-on-Arm laptops. The chips are co-developed with Taiwan’s MediaTek and built using TSMC’s 3nm process. $NVIDIA(NVDA.US) $Microsoft(MSFT.US) $Arm(ARM.US) $Dell Tech(DELL.US) $Lenovo Group(LNVGY.US) #mediatek #lenovoSource: Dan Nystedt

MediaTek

PC giants Lenovo, Dell and HP all warned the AI boom is using up memory chips, leading to tight global supplies next year, media report, citing Lenovo’s CFO saying the cost surge is “unprecedented” and confirming Lenovo is stockpiling memory chips, while Dell’s COO said he’s never seen memory costs “escalate at this pace” and HP’s CEO said the 2nd half of next year will be “particularly challenging” and HP will raise PC prices if necessary. The three PC giants all held quarterly earnings conferences recently. $Lenovo Group(LNVGY.US) $Dell Tech(DELL.US) $HP(HPQ.US) $HXSCL $SSNLF $Micron Tech(MU.US) #SKhynix #Samsung #SemiconductorsSource: Dan Nystedt

Today’s Key News Recap

1017 | Dolphin Research Focus: 🐬 Macro/Industry 1. Shares of two U.S. regional banks plummeted due to loan fraud and bad debt issues, with the regional bank index posting its worst performance since April. Risk aversion sentiment pushed up U.S. Treasury and gold prices. The event highlights potential risks in the credit market, and concerns about 'more risk points' will suppress sentiment in financial stocks, while reinforcing expectations for the Federal Reserve to maintain an accommodative stance. 🐬 Individual Stocks 1. $Micron Tech(MU.US) Micron Technology's U.S. stock fell in after-hours trading. According to reports, Micron will stop selling server chips to Chinese data centers...

Morgan Stanley

CHINA MOBILE

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CTG DUTY-FREE

Charles Schwab

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iShares Silver Tr

Meta Platforms

Taiwan Semiconductor

Financial Select Sector SPDR Fund

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CATL HK SDR 30to1

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MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

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SCHWAB(CHARLES)CORP 4.450% DEP SHS REP 1/40TH N-CUM PFD SERJ

Micron to Stop Selling Server Chips to Chinese Data Centers; Meta Plans to Raise $30 Billion to Build Data Centers | Today's Important News Recap

$XTALPI(02228.HK) The data is as boring as the order book. But the intraday rebounds for two consecutive days still make &#34;Lenovo&#34; start to flutter. Just wait and see.

XTALPI

GJLENOV@EC2609A(26624.HK)

GJLENOV@EC2609A Stock Performance Chart

Towards New Dedication, Lenovo Partners with FAW Group to Build New Momentum for Intelligent Manufacturing in the Automotive Industry

Lenovo Group releases the Enterprise Lobster Lake solution

Hong Kong Stocks Close | HSI Falls 1.89% as Kuaishou and Pop Mart Plunge

Lenovo: In the third fiscal quarter of FY25/26, the average weekly active user rates of Tianxi AI on Lenovo AI PCs and AI phones reached 42% and 61%, respectively

Hong Kong stocks intraday | Three major indices fell, Tencent dropped over 6%, Xiaomi rose against the trend by 3.41%