HK Stock Market Move | LENOVO GROUP (00992) rose over 4% during the trading session as Dell's earnings report exceeded expectations and significantly raised its full-year guidance.

LENOVO GROUP (00992) rose more than 4% during the trading session and, as of the time of writing, was up 3.2%, trading at HKD 31.58, with a turnover of HKD 600 million. In news, benefiting from strong demand for artificial intelligence servers, Dell's Q2 revenue hit a record high and significantly raised its full-year revenue forecast, with its stock price surging 15.81% overnight. Dell's Q2 FY2027 results indicated that the company's quarterly revenue reached USD 47 billion, a year-on-year increase of 58%, marking a historic high. Meanwhile, Dell raised its full-year revenue guidance for FY2027 to USD 192 billion. Notably, the companys AI server order amount reached a record USD 60.9 billion for the quarter, with a backlog of AI server orders amounting to USD 95 billion at the end of the quarter. Lenovo's first-quarter results released last month showed rapid growth in its AI business and abundant orders. Its AI server backlog increased significantly from RMB 140 billion in the previous quarter to RMB 360 billion. Revenue from AI-related businesses grew by 60% year-on-year, reaching RMB 63.4 billion, a historic high, accounting for about 35% of the group's total revenue; revenue from AI services grew by 141% year-on-year. According to Open Source Securities, the rise in both volume and price of AI servers is driving improvements in profitability, and the industry chain's dividends are expected to continue to be realized.