Texas Instruments: "Investors want to see signs of demand recovery or the completion of channel inventory correction. TI s outlook gave them what they were looking for," said Summit Insights analyst Kinngai Chan.
(Bloomberg) Lenovo Group Ltd.’s shares gained more than 3% after the world’s largest PC maker reported a return to growth, reflecting a gradual pickup in demand after a prolonged slump.Most Read from BloombergNvidia Surges After Company Proclaims AI Has Hit 'Tipping Point'Biden Touts $1.2 Billion in Student Loan Relief With Eye to 2024Tech Up in Late Hours on Nvidia’s Bullish Outlook: Markets WrapChina Tightens Grip on Stocks With Net Sale Ban at Open, CloseYour 401(k) Will Be Gone Within a D
Lenovo posted 3% revenue growth, topping estimates, and said PCs capable of running AI applications without being connected to the internet will be a strategy focus.
The Indian PC market recorded a decline of 6.6% in shipments in 2023.Q4 2023 is the second consecutive quarter the shipments have grown, after four quarters