Stock Track | Legend Holdings Soars 6.66% Intraday Boosted by NVIDIA N1X Chip Launch and Strong Earnings

Stock Track06-02

Legend Holdings' stock price soared 6.66% during the intraday session on Tuesday.

The rally was primarily driven by NVIDIA's official launch of its new N1X chip at the Taipei Computex. Lenovo Group, a key subsidiary of Legend Holdings, is a first-launch platform partner for the chip and stands to benefit significantly. Lenovo holds a leading 31% global market share in the Windows AI PC segment, positioning it as a major beneficiary. The new processor is set to be integrated into next-generation Windows PCs this autumn.

Additionally, Lenovo Group's recently reported strong annual financial results provided upward momentum, with full-year revenue growing approximately 20.3% and operating profit surging about 50.7% year-over-year. Its AI-related business revenue saw impressive 105% growth. This performance has prompted several international banks, including Goldman Sachs and Macquarie, to raise their target prices for the company.

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