Lenovo Stock Doubles in May on AI Server Boom-Best Month in 27 Years

Lenovo’s stock surged as much as 31% on Friday and has now gained 109% in May—its best monthly performance since 1999. Shares of the world’s largest PC maker have more than doubled this month, making it the top performer on the Hang Seng Index year-to-date, up 159%. The rally wasn’t random. Lenovo’s Q4 earnings showed quarterly revenue of $21.6 billion—up 27% year-on-year and the fastest quarterly growth rate in five years. Net profit hit $521 million, up 479% from $90 million a year earlier. When a company Lenovo’s size nearly sextuples its quarterly profit, it forces the market to rethink…