[Stock Movement] Lenovo surged over 5% to reach a multi-year high, while competitor Super Micro Computer is expected to see strong revenue, causing its stock price to rise sharply after hours
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Lenovo's stock price rose by 5.9%, reaching a new high of 12.88 yuan, the highest since May 2015. This surge was influenced by the strong financial report of its competitor Super Micro Computer (SMCI), which expects net sales to reach $40 billion in fiscal year 2026, far exceeding the market expectation of $29.2 billion. SMCI's stock price rose by 8.4% in after-hours trading
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Source: HongKong Economic Journal The copyright of this article belongs to the original author/organization.
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