0217 GMT - Lenovo's AI PC replacement story remains solid, UOB Kay Hian analysts say in a research note. Management expects its AI PC sales volume to accelerate in 2H as more affordable products become available, Windows 10 reaches end of support and highly capable AI models such as DeepSeek are likely launched, they say. "We believe Lenovo remains one of the biggest beneficiaries of the rise in edge AI adoption and the upcoming PC replacement cycle." Meanwhile, the analysts expect Lenovo's infrastructure-solutions business to maintain a gradual recovery in 2025 after breaking even in the latest quarter as it expands its presence in the enterprise market. UOB maintains a buy call on Lenovo with an unchanged target price of HK$14.30. Shares are last at HK$12.78. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
February 24, 2025 21:17 ET (02:17 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.