** Shares of personal computer maker Lenovo 0992.HK jump as much as 9.2% to HK$12.56 to their highest since May 2015
** Stock is second-biggest pct gainer in Hang Seng Tech Index .HSTECH and third-biggest in Hang Seng Index .HSI, which are up 2.8% and 1.5% respectively
** Lenovo is exploring more in-depth cooperation possibilities with DeepSeek, according to a media report
** Huatai Securities expects DeepSeek to help boost commercialization of downstream AI applications and Lenovo is set to benefit as consumers replace PCs with AI PCs
** "We also believe the development of DeepSeek may catalyse the rotation from companies focused on AI infrastructure and hardware (upstream) to AI software and applications (downstream)," HSBC wrote in a research note
** "DeepSeek is a good example of China's innovation ability, which we believe could lead to a market re-rating" - HSBC
** Lenovo stock fell 7.7% last year
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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