联想集团-AI 布局云与边缘端；给予 “买入” 评级

1 December 2025 | 2:33PM HKT Equity Research Lenovo (0992.HK): AI across Cloud and Edge; Buy We remain positive on Lenovo post Sep-Q results (report link), given its leading market position in the PC market enjoying market share gains under industry consolidation, its product mix upgrade toward AI PCs, and its better management of the supply chain under a rising memory cost cycle. The company's ISG / Servers business is also in expansion with growth in HPC (high-performance computing) and AI servers. At SC2 ...