LENOVO GROUP(HK:00992) Sou Hu Cai Jing·2025-06-12 02:38Group 1: AI Market Growth - The emergence of domestic large models like DeepSeek is accelerating the transition of AI from technology to commercial application, driving growth in the computing infrastructure market [1] - According to IDC, global AI IT investment is projected to reach $315.8 billion in 2024 and grow to $815.9 billion by 2028, with a compound annual growth rate (CAGR) of 32.9% [2] - China is expected to lead the Asia-Pacific AI market, accounting for over 50% of the region's total AI spending, with investments projected to exceed $100 billion by 2028 and a CAGR of 35.2% [3] Group 2: AI Infrastructure and Demand - The rapid performance improvement and significant cost reduction in AI models are creating new market opportunities and lowering barriers for users [5] - The demand for AI computing power is expected to continue rising, with China's intelligent computing scale projected to reach 1,037.3 EFLOPS by 2025 and 2,781.9 EFLOPS by 2028 [5] - The liquid cooling server market in China is anticipated to grow significantly, reaching $2.37 billion in 2024, a 67% increase from 2023, with a CAGR of 46.8% from 2024 to 2029 [6] Group 3: Lenovo's Positioning - Lenovo Group is strategically positioned in the computing infrastructure sector, leveraging its "computing gene" to capitalize on the AI wave [6][9] - The company's server business has seen robust growth, with ISG revenue increasing by 63% and achieving profitability for two consecutive quarters [9] - Lenovo's focus on green computing solutions not only reduces operational costs for clients but also supports AI training and data processing effectively [9]